Friday, August 5, 2011

The Invisible Hand is Writing on the Wall

Walter Russell Mead goes back to the Book of Daniel for a metaphor that captures life in double "A" America.  Yes, the invisible hand (Adam Smith?) has written on the wall, we have been measured in the balance and found wanting.

Here's how Mead opens his essay,

"The invisible hand has been writing on our wall of late, and the message is scaring the markets. The markets should be scared; there is real trouble afoot, and the world’s political and economic leaders are terrifyingly out of their depth."

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