All right boys and girls, we know that in this world virtue is always rewarded, only the just prosper, and if not then God, the Cosmic Hitman in the Sky will rain death, destruction, and bankruptcy upon the wicked. It's all part of His Plan. The poor deserve their fate and and the wealthy enjoy the just rewards of godliness. Governments are instituted by God to rule the earth, balance the budget, and behave like businesses and families. Whatever is true for the most modest patriarchy must also be true of the largest economy. The road to ruin is exactly the same for all. Indulge at your own risk. Markets regardless of their structure behave as if there were perfectly competitive and had perfect information. Collusion among firms is a figment of the imagination (especially if it involves LIBOR). Economic theory is firmly grounded in the Old Testament. So what say you, is this the true nature of the world? Is this what underpins and guides good policy?