☞ Unpopular Lessons
By webmink on Jan 01, 2010
"The first lesson is that markets are not self-correcting. Indeed, without adequate regulation, they are prone to excess. In 2009, we again saw why Adam Smith's invisible hand often appeared invisible: it is not there. The bankers' pursuit of self-interest (greed) did not lead to the well-being of society"
Someone talking good sense about the case of the underpants bomber. Sadly his explanation also explains why it will be ignored.