clipped from: optionarmageddon.ml-implode.com   

Three weeks ago, the positively schizophrenic Op-Ed page for the WSJ published yet another piece by a big financial brain proposing a “solution” to the financial crisis.  While the editorial page itself is so rigidly ideological as to be useless, the op-ed page publishes stuff all over the map.  The only common attribute seems to be a big-name byline.  Once in a while you’ll get a thoughtful, nuanced and hard-hitting piece by Shelby Steele or Judy Shelton, for instance; occasionally, one of the big names will actually say something intelligent AND non-conventional (Dick Armey).  More often, however, it publishes tripe masquerading as erudition.  Glenn Hubbard claiming low-interest mortgages will solve the housing crisis; Martin Feldstein—the Republican’s answer to Paul Krugman—saying “defense spending would be great stimulus;” and Soros talking up his “side pocket” solution:


Soros appears to be suffering the illiquidity delusion.