Oh, to have been there at the first moment when this or that fabled canard got hatched on the world. The moment of creation. The precise second when the bacillus escaped the lab.
Someone had to argue that the recent stock market skid wasn’t the cause of congress’s new anti-corporate corruption bill, but rather its result. The markets weathered Enron and Worldcom and all the others just fine, this argument would hold. It was when congress got the idea of passing some new laws — that’s when the bottom fell out.
Someone had to be first. But who would it be?
The prize goes to James K. Glassman, who has apparently decided that the best defense (“Dow 36,000!“) is a good offense.
