Atlas Shrugged: The Mocking

Thursday, April 22, 2010

Less Tall Megan

Shorter Megan McArdle: The lawsuit involving the illegal practices of the shadow banking system that helped bring down the world economy is nothing but a PR battle.

It's cute to see McArdle's sudden and intense concern for the problems with the SEC. The Democratic administration has motivated wingnuts to a brand-spanking new sense of duty and previously unknown levels of industry.


Shorter Because She's Not Worth A Longer Megan McArdle: Ugh, new $100 bills. Who cares about stupid old counterfeiters anyway?

If the counterfeiter is North Korea, the US government does.


Clever Pseudonym said...

She argues that conterfeiting isn't a big deal because it doesn't hurt the economy at large? What about some small-time shop owner who gets hit with four or five fake $100 bills a week who loses a substantial amount of his earnings? What about a student with limited income who gets passed a bogus $20 they can't spend, so they wind up losing their food budget for a week? It's not how it affects the banking system and the entire economy. It's people as well. I guess as long as none of those people are Megan or the slave masters she shills for, it's no big deal for her.

Susan of Texas said...

Yes, until she loses money on a bad note she won't care. When she does it'll be the biggest tragedy in the world.