Advanced technology is great at tasks such as keeping an airliner flying several thousand feet in the air, but is easily crippled by social complicat… - David Orrell

For even money itself has no value if there is no network of people to recognize it.

It has become increasingly evident, at least among those who aren't currency traders or true believers in the optimality of free markets, that it would be nice if this system could calm down a touch. One option is the Tobin tax, which would impose a tax of around 0.1 percent on currency trades, and act as a kind of damper on speculation.

The economy is crooked not straight; and mainstream economists are like flat-earthers who keep saying the world is flat despite all the evidence to the contrary.