In 2005, a Nobel prize-winning economist began the painstaking process of calculating the true cost of the Iraq war. In his new book, he reveals how short-sighted budget decisions, cover-ups and a war fought in bad faith will affect us all for decades to come.
Further into the article they talk about how the war has led to the economic downturn in the US and I run into this dissonant piece of junk reasoning:
So quite apart from the war, does he think a particular kind of unfettered market has had its day? "Yes. I think that anybody who believes that the banks know what they're doing has to have their head examined. Clearly, unfettered markets have led us to this economic downturn, and to enormous social problems."
What?! A leading economist demonstrates that the war and all the nonsensical decisions of governments have led us to this problem but "unfettered markets" are to blame?! I thought this classical piece of bait-and-switch reasoning had finally been run out of town on a rail. I guess not.
Anybody else find this weird? I was going to buy the book until I read that. Oh well.