Sunday, February 10, 2008

Econ 101- How To Make Problems

When someone gets money and they can't invest it wisely, you have a problem. This could be a sheikdom with oil revenues, a guy who wins a disability lawsuit and gets paid a lump sum, peasants growing coca, whatever- concentrations of money that can't be used wisely cause problems, and even those that are used wisely create problems for somebody else.

For example, the war in Iraq has allowed oil traders to drink our financial blood like vampires, and our drug prohibition policies fund the insurgent war in Afghanistan.

The creation of problems is inextricably linked with the existence of money, and the amelioration of the problems will only be possible when the linkage is acknowledged and somewhat understood.

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