Michael Lewis Says Its the Government; No « Michael Covel: Trend Following Manifesto

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Michael Lewis Says Its the Government; No

Economics | January 4th, 2009

Michael Lewis lays the current mess right at the feet of the government. While that is true he seems to not address who the government is — us. We are the government. Bottom line, all of the things not done by the government, described so clearly by Lewis, were not done because we the people did not want them done. Why the short term focus? That’s the American way. American’s want it quick. They want to believe it will be quick, but it’s never quick. So as long as the American public spends so much of their time hunting for equality of results, process to get there be damned, we will continue to have the government (us) do dumb things.

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Are great traders born or can they be taught?

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