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Wednesday, September 17, 2008

The Glories of Change - Jeffrey A. Tucker - Mises Institute

Hmmm I dont know how many would agree with this POV. I guess you would read through to the end of the article only if you don't have too much money in the market :)

http://mises.org/story/3109 --- The events on Wall Street, the collapse of Lehman and the selling off of Merrill, are magnificent and inspiring events. What we see here are examples of sweeping and fundamental change taking place, a huge upheaval that affects the whole of society, and toward the better, since what we have going on here is a massive reallocation of resources away from failing uses toward more productive uses.

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