The lesson of the Thirties is that you allow the market to adjust.
Traders also said the market was adjusting after its recent gains.
"They might as well do it quickly because the market has adjusted for a 4 percent funds rate and then some already."
However, the market is already adjusting itself to return to the new equilibrium, causing job creation and opportunities.
"And so when a couple of matters like this go wrong, the market adjusts downward."
The financial markets must adjust to the new situation.
If the customers are unhappy, why doesn't the market adjust?
Today, the free market is a socially adjusted one in which rules that apply at global level must be observed by all the players.
As the market (college textbooks) adjusts to the new model there'll be various experiments and stuff, this is just the first of them.
"The market adjusted very quickly to all its problems, and now we're in a position where you can do a reasonable level of business," he said.