Financial risk takers are like drug dealers, apparently

Watching the UK's Channel 4 programme tonight, hosted by Jon Snow, whose leftist views are easily discernible, I sensed an aspect of the coverage of the present financial turmoil that bothered me. Several times, during various back-and-forth questions with such luminaries as the left wing journalist Will Hutton and the Cazenove economist Richard Jeffries (I know Richard, he is a smart guy), Snow came up with the idea that instruments such as financial derivatives were…

From Samizdata.net

Tags: , , ,

Blogged under Libertarian News on Tuesday 30 September 2008 at 4:00 am

Proudly powered by Wordpress