Don't Shoot the Messenger
It is a fundamental truth that financial markets and price signals tell the story. Silencing the messenger does not change the underlying facts:"I can't imagine Pearlstein suggesting closing newspapers for a week, or banning them from printing bad finance news for a few weeks. So Pearlstein doesn't get it: financial markets are news institutions, just like newspapers! The fact that newspapers report a lot less news on this crisis on weekends shows that most crisis news now comes via financial markets. Don't blame the messenger for telling you bad news; blame those who caused the bad news, and who keep you from learning sooner."
posted by Jim VAT @ 4:37 PM
0 Comments:
Post a Comment
<< Home