tag:blogger.com,1999:blog-8358039.post2438208590390722034..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: I'm Sick of Middle Aged Men CryingCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8358039.post-6610630588878600692007-02-22T16:31:00.000-08:002007-02-22T16:31:00.000-08:00Yes, BUT, there will always be saps willing to bor...Yes, BUT, there will always be saps willing to borrow other people's money without consideration of an ability to pay it back.<BR/><BR/>The real responsibility here lies with the banks. It's the lenders' of capital that should be concerned with both its return and interest.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-67169667993320429392007-02-20T07:37:00.000-08:002007-02-20T07:37:00.000-08:00Tangentially related, I just started rereading my ...Tangentially related, I just started rereading my fave Dickens novel, Our Mutual Friend, and enjoying the exact same sham going on with the Veneerings and the Lammles.<BR/><BR/>Everytime someone thinks the latest financial shenanigans are brand new, they should go back to reading Dickens to find out he already beat them to it -- the people with negative net worth (and negative NPV) living in high style (Our Mutual Friend); pyramid schemes and fraudulent insurance companies, with a bit of blackmail and murder thrown in (Martin Chuzzlewit); fraudulent corporations that are puffed up with govt promotion, ending in the suicide of the CEO (Little Dorrit).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-69913978073409092092007-02-19T09:42:00.000-08:002007-02-19T09:42:00.000-08:00Our economy would be much healthier if people had ...Our economy would be much healthier if people had spent more time studying Minsky and less time learning Black-Scholes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-7345039624295351832007-02-18T18:56:00.000-08:002007-02-18T18:56:00.000-08:00They're being taken down by the most powerful forc...<EM>They're being taken down by the most powerful force on earth;<BR/>Economics.</EM><BR/><BR/>Why is it that economics is so powerful?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-68246248807151504462007-02-18T17:19:00.000-08:002007-02-18T17:19:00.000-08:00Is it any wonder that economics has been nicknamed...Is it any wonder that economics has been nicknamed the "dismal science" (although "realistic science" is preferable, in my view)? The next time you come into contact with a person of this caliber, ask him or her if they have any tulips to sell as well, and see if they get the reference.<BR/><BR/>For that matter, do you? *chuckles*Alfred T. Mahanhttps://www.blogger.com/profile/07741127311437596004noreply@blogger.com