On the Uselessness of the Dow Jones Index

Yes, God forbid we do anything that’s “bad for business.” Never mind that doing nothing allows the stock market to be turned into a fiscal circus, a total fantasy — that’s not bad for business at all, apparently.

Put another way: If we can’t even trust the Dow Jones to tell us anything other than who’s hosting the Oscars this year, then how can we tell how the economy is doing? How do we get out of this mess if we can’t even tell when we’ve gotten out of this mess?

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