A Greek Tragedy for Anti-Keynsians

It's common for Austrians and pro-freemarketers to lambast even light Keynesians about their conclusions. We hear things such as "you just don't understand" economics or markets constantly. For better or worse, Wall Street is overwhelmingly pro- free market and anti-Keynesian. As we often point out, people have a fantastic ability to fool themselves. Here is a great example.

Always blame the speculators

"Speculators" are an old scapegoat standby. Those with fiduciary responsibility always like to blame someone else for their mistakes. I suppose it's a natural human reaction that it must be someone else's fault. The most recent nonsensical iteration of this phenomenon is currently being played out in Europe as officials there seek someone to blame for Greece's woes.