SEC: We Don’t Know Anything About The Crash, But We Know What We Like

From AP, “SEC Puts In New Circuit Breaker Rules,” June 9, 2010

“Regulators still don’t know exactly what caused the “flash crash,” but they wanted to move ahead with remedies.”

“Don’t Know” and “Wanted To Move”.

Therein lies a brief history of intellectual error. Or as Pascal said: “All human evil comes from a single cause, man’s inability to sit still in a room.

Mises should have written another book –  “Human Inaction.”

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