The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version. All financial innovation involv… - John Kenneth Galbraith

This was because of a special American commitment to the seeming magic of money creation and its presumptively wondrous economic effects. T

It's a rule worth having in mind. Income almost always flows along the same axis as power but in the opposite direction.

The family which takes its mauve and cerise, air conditioned, power-steered, and power braked automobile out for a tour passes through cities that are badly paved, made hideous by litter, blighted buildings, billboards, and posts for wires that should long since have been put underground.