I'll share the poem later.
Here Bill Bonner's analogy:
"Telling other people what to do – even though you don’t know what you’re talking about – is the cornerstone of US foreign policy. Worldwide, the economics profession – forgetting two centuries of thoughtful analysis on the subject – has taken it up too.
Economists have become control freaks, desperate to stop any freely occurring event in the markets, especially if it is a correction.
But what is a correction if not a forest fire – burning up the mistakes, getting rid of the undergrowth, and cleaning up the economy?
And what is a bear market if not a fever – raising temperatures so as to kill the parasites that feed on the economy’s vital organs?
Without little corrections and small fevers, won’t the next crisis be even bigger? "
Economists have become control freaks, desperate to stop any freely occurring event in the markets, especially if it is a correction.
But what is a correction if not a forest fire – burning up the mistakes, getting rid of the undergrowth, and cleaning up the economy?
And what is a bear market if not a fever – raising temperatures so as to kill the parasites that feed on the economy’s vital organs?
Without little corrections and small fevers, won’t the next crisis be even bigger? "
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