The blog of a North Country Swede!

Monday, December 15, 2008

Bernie Madoff: the butcher with his thumb on the scale

The title says it all.

If you don't know who Bernie Madoff is, google his name.

Do you still think there is any such thing as "free" markets or "free" trade? All that means is that the person or company (which is really still a person making the decisions) doesn't have to pay for the harm they do ... if they can escape before the collapse ... or the effects of their actions become apparent.

Transparency fostering trust is the cornerstone of an efficient market economy ... not the freedom to pursue greed.

Dah!

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