Businessmen who invest primarily in efforts to change the rules in their favor are not free market heroes they are Atlas Shrugged’s villains
For 40 years US education has been preparing most Americans for third world jobs as well as an elite trained to finance global corporations.
The dollar’s value rests securely on the fact that the US always pays its debts and the Fed’s commitment to preserving its purchasing power.
The Fed’s interest rate is a feeble tool compared to unbridled optimism or fear and loathing when either are supported by blind certainty.
Wall St wares, all priced as the discounted present value of future performance, are since the future is unknowable but the stuff of dreams.
The more one has of anything the less one more of it is worth; the rich seek joy in excess since every little thing they have so much of it.