A KEEPER QUOTE FROM FATS

Fats seems to have argued himself into a corner today while trying to worship the Free Market Fairy:

The best way to describe the market is it's just irrational.

The classic market defense used to be that it embodied more information than any other system possibly could and thus reached better outcomes.

UPDATE: Speaking of irrational...

Rep. Michele Bachmann is worried that Hezbollah is giving Cuba missiles.