Washington holds onto it's large Fannie. (great title for a post: can the post live up to the title? this an more to be seen below)

This Sunday morning I did what every good American does on their day of Sabbath... I watched a considerable amount of football while eating snacks and complaining about the world's problems...  mmmm the American dream tastes so sweet!  The aforementioned title came to me in a not-so-out-of-the-ordinary moment of self-criticism. 

My friend just pointed out to me the dichotomy that exists between Washington DC and New York.  It seems every time New York looses jobs, Washington DC gains them.   And--in theory because in reality this has never happened--on the other end of the spectrum every time Washington DC looses jobs New York gains them.  I think many people today might say that they would rather see more jobs in DC than New York: thus is illustrative of the ever growing skepticism of free markets.  However, I adamantly believe that wealth is generated in society when markets are allowed the freedom to evolve and self correct.  

If anyone can help me.  I have heard many people's account for why market skepticism exists today with such sway.   Why do people not believe in the self correction in a market?  My libertarian friends each proclaim a story for why this is so. Each of them offering differing perspectives for this market skepticism, each however is not based in rational or unbiased analysis.  I'm not discounting their advise or to say that there even exists an accurate assessment of this dilemma, but at the same time it sucks being alone and it sucks wanting to advise every young schmuck who brings ill-advised and generally not well thought through perspectives.  That's not me to boast perfect knowledge I don't know the answers but I do know that many people have not thought these issues through...

oh... loneliness...