In the Lake Wobegon Fantasy World, all Investments Make Money
May 23, 2012
I sometimes wonder whether journalists have the slightest idea of how capitalism works.
In recent weeks, we've seen breathless reporting on the $2 billion loss at JP Morgan Chase, and now there's a big kerfuffle about the falling value of Facebook stock.
In response to these supposed scandals, there are all sorts of articles being written (see here, here…
