Here is another ad hominem argument and a simplistic explanation for the current events advanced by the likes of professor omnium simplicimum: It is all Buffett's fault.
Although it looks like a bubble, smells like bubble and tastes like a bubble it is not a bubble.
And what is the solution to our present day evils? The solution is to make the things worst by reinstating the gold standard (the main cause of the Great Depression according to a large number of respectable economists) and guess what else? To take us to that utopia called anarcho-capitalism.
http://en.wikipedia.org/wiki/Anarcho-capitalism
And for those, hopefully very few by now, that don't know how an ad hominem argument is suppose to work, here is the link to a good explanation:
http://en.wikipedia.org/wiki/Ad_hominem
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