Apart from the idiocy of immediately blaming ALL of the drop in the stock market in recent days on those evil Chinamen, Wall Street stockbrokers are spreading additional economic ignorance far and wide through the media.  (Recall how Greenspan blamed the Great Recession of 2008 on too much savings in Asia).  For example, I just saw an interview with someone identified as Quite the Bigshot Wall Street Trader who was asked by one of the FOX News Miss America lookalikes if it is a bad thing that gas prices are 77c/gallon lower than a year ago.  Yes, this is very, very bad, he said, because it will “cost jobs.”  Therefore, the government should do all it can to prop up gas prices so that Mr. Bigshot will not lose too much money with his oil stocks.    The Miss America lookalike shook her hairspray-polluted head in agreement.

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