"Free" market propaganda assumes that we have about the same understanding of math that dinosaurs did? Yep, that's about right.
http://gristmill.grist.org/story/2008/3/7/145633/7116#6
So the LTCM (Long Term Capital Management, the hedge fund crisis of '98) boys were in on that model of "free" market perfection concept?
Not surprising. These markets are perfect for insider trading hedge fund market manipulators. Unregulated equalling "perfect", in their con game. Look at the mortgage crisis turned into global credit crisis. Good thing they "hedged" that risk for US, eyyh? Hehehey.
What surprises me is that most are taken in by the "free" market propaganda. And want to let them trade carbon to end global climate crisis.
Who believes that oil will suddenly shun it's exponentially rising trend line and rise in a linear fashion now? Reaching only $150 by next year?
The same people who believe ice in glaciers, ice caps, tundra entrapping methane, and seafloor methane hydrate ice will suddenly start melting in a linear trend. After proceeding in an exponential trend for decades.
The mass delusion is truly astounding. I bet this is how the dinosaurs felt before the big volcanic eruption/meteor strike that ended their reign on planet earth. Just guessing. Maybe their math skills were more advanced than ours?