OK but aren’t there a lot of rich people who want McCain to win? If the rich lefties are engaged in what amounts to be destabilizing activity – couldn’t the rich righties make money by engaging in stabilizing speculation? Interestingly, Marxist.com brings us the thoughts of Milton Friedman on this issue:
Milton Friedman asserted that destabilising speculation was impossible. This was supposed to be the case because speculators who ‘got it wrong’ would be buying dear and selling cheap. They would lose money and soon disappear.
So are these rightwingers saying that Friedman got this issue wrong?