Wednesday, May 23, 2012

Dinosaurs Were Also Big


In the aftermath of JPMorgan's $2 billion loss, which could bloat to as much as $4 billion in the coming weeks, critics of Wall Street have pressed the government to strengthen its oversight of the financial industry. But would that be enough to prevent a repetition of the financial crisis? Some say the very existence of JPMorgan and other too-big-to-fail banks represents a constant threat to the global economy


We talked about one this second wave mentality here. Concentration, maximization disproportionatelly inflates companies, people, egos, wallets, creates a fragile state for everyone involved in the system. No single person should be in a position to lose this amount of money. Obviously as a solution we do not imply more regulation, but another decentralized system that directs investment to places where it is needed.

Q&A - 12/7

Question I still have issues with the baker case. . why could the baker not serve the gay couple? Here is a good analogy Imagine you ...