The following is copied from an email sent in reply to the “exaggeration” of the current global financial crisis, under the supposition that the matter is more a reflection of a lack of consumer confidence than any core systemic failure, and that thereby normalization of markets will be forthcoming, possibly within a year….
Dear (Colleague),
The last [...]

After reading the analogy of the slumlord’s artificial capital gains as a “psuedo-derivative” in my last post, one may ask, “Did our values in America somehow, at some point, radically change?
I think so…
If you look at the “pre-global” society of early 1900’s America, certain values come to mind. When we think of products produced by [...]