But is the tie between industrial poisons and speculative excess a mere accident of timing? History suggests otherwise. Deregulation, financial bubbles, and chemical contamination have a common heritage that goes back all the way to Victorian England. They became linked in 1880, when the great British statesman William Ewart Gladstone restructured the taxation of beer.
Author: Edouard Chazal
Your New Landlord Works on Wall Street
So a bullish outlook for housing would seemingly augur a long-awaited recovery to Main Street. But the more you look into it, the clearer it becomes that it’s not being driven by the typical American families who lost their homes in the economic crash. In fact, it’s being fueled by the banks and hedge funds whose speculation caused that crash in the first place.
Fiscal Papal: Why The Next Pope Should Address Global Debt
From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to complacency;
from complacency to apathy;
from apathy to dependence;
from dependence back into bondage.
Credit Supernova!
Credit is now funneled increasingly into market speculation as opposed to productive innovation. Asset price appreciation as opposed to simple yield or “carry” is now critical to maintain the system’s momentum and longevity. Investment banking, which only a decade ago promoted small business development and transition to public markets, now is dominated by leveraged speculation and the Ponzi finance Minsky once warned against.
Online Dating Isn’t Killing Marriage!
All the barriers have slowly broken down in the past hundred years, to the point where the entire world, theoretically, is now your dating pool. So you needed to be choosy and your ability to go out and find your mate became something of a reflection back on you, of your ability to be a successful person in the world.
