Even folks who normally shout the gospel of rational markets are, currently, expressing the opinion that said markets are not entirely rational at the moment.
The truth is, they never were. The truth is, we have no control other than the power to open and close said markets.
The truth, in terms of political economy, is that we're all David Hume's man born into a box.
Blind, deaf, scentless, ignorant. The world we're grasping around in for comforting narratives offers us none. In such circumstances it's better to accept the unsettling, rather than grasp something, almost at random, and hold it up to the sun as divine.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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