"Optimal inequality is whatever the market dictates at any given time," he said.
Well, if you let the market dictate everything, you won't pay anybody anything.
All of which shows it is dumb to allow the financial markets to dictate policy.
The players on both fronts want no part of a cap or a tax; let the market dictate salaries, they say.
Let the market dictate what uses they come up with.
Financial markets, not governments, should dictate the value of a currency, the thinking goes.
"To be clear, the market is dictating our need," he wrote.
The market, he said, not Congress, should dictate how technology works.
I am also pleased to see that we are to let the markets dictate what technology, if any, should be used.
Today, the whole market dictates flexibility and a willingness to make a deal.