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Mobs, Messiahs, & Markets
Written By William Bonner & Lila Rajiva
Book Review & OutlineBy Miguel A. BarbosaFounder & Editor of SimoleonSense.com© 2009 Miguel Barbosa
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otes & Quotes
On Politics & Do-Gooders:But while the President and his merry band of freedomfighters may claim they are jousting on behalf of democracy, it is not really the vote that they want tospread so much as their own favorite vision..Ignorance increases by the square of the distance from agiven event, so the odds that things wont work out theway you expect must be multiplied by the squares of all the intervening events.The truth is popular politics and bubbles are almostalways frauds that flatter our sense of vanity
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otes & Quotes
On trade deficits, mating, and statusAll progress is based on a universal innate desireon the part of every organism to live beyond itsincome, Said Samuel Butler.Why is there a 700 billion trade deficit? BecauseAmerican want to buy things they cant affordWhy do they want to buy things they cantafford? To pretend to be richer than they are.Why do they want to appear richer than theyare? Because it gives them social status
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