Economics

“Human wants can never be satisfied”

Econ. 101

The invisible hand of the marketplace…..
——–
The visible hand of the marketplace, i.e.
cartels, monopolies, oligaries, collusion,
fraud, corruption.
——–
“the bull market of 1920 was so violent and intense and
driven by passions so strong that the Fed could do
nothing about it.

–Liaquat Ahamed “Lords of Finance”

(as well as the frenzy in the real estate market [Sinclair
Lewis, ‘Babbit”];
both as in 2008
———-

Prices…are whatever the market  can bear..

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s