Markets don’t give you what you want OR need – they trade whatever you can scrape up by way of labor or money for what, crudely expressed, the owners of resources and physical plant and the providers of finance and credit want to offer, and you then try to cobble together what you want and need from the menu you’re given.
Wednesday, December 16, 2009
The bailouts and healthcare reform - one quote says it all
While ruminating on what the loss of the public option means to so-called "healthcare reform," and trying to draw useful links and lessons to the payback of TARP funds (apparently hastened by huge additional tax breaks); I read this in a comment at The Intersection. Marion's comment was in a post about the death of science journalism, but it rings true for so many things these days: