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Archive Home > 2007 > August > 21 > Market morality plays make for terrible policy

Market morality plays make for terrible policy

By Amity Shlaes / The Bulletin
August 21, 2007

WASHINGTON — We deserve this. Or so many of us think watching the stock market plunge. Somehow, humans view the Dow Jones industrial average as a morality play. A period of high times, we reason, must be followed by a commensurate dark period. That questionable lending in the subprime....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.