Worse Than the Robber Barons
…ir own theatrics to attend to. Witness the chatter on CNBC, Bloomberg, and CNN over whether putting some transparency into derivatives markets, limiting highly-leveraged bets, etc., would “stifle innovation.” To my knowledge, no one holding forth on this question ever bothered to interrogate that word innovation even a tiny little bit. Last week CNN’s unsavory Ali Velshi brandished the word as a shibboleth and accused morning anchor Tony Harris of…
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