Carlos and Bob tackle a recent "note" from a brokerage firm making just that case. Among other problems, the analysis misunderstands the role of the stock market.Mentioned in this episode: Bloomberg article explaining the note Murphy explains the social function of stock speculators How Privatized Banking Really Works, Chapter 4 (PDF) Samples from the Lara-Murphy Report Order Carlos and Bob's book, HOW PRIVATIZED BANKING REALLY WORKS