The tree planted atop the roof of the Manhattan Penthouse was drying out. So the gardener intervened. Water from the hose, destroyed the plant. Moral hazard zone, leave it to its winter water. Snow will melt next spring. Water from the hose destroyed your faith in water from the sky. Next time we will let you die. There is no moral hazard here.
Category: econocaste
economics .. the short version, since the long is wasted on the young
Kuddite That I Am
people create capital. too many times it seems that the commentator class, cheer leaders such as Kudlow and Krew, think that capital is the origin and not a waste product.
U Turn
Oil prices drop. Gasoline prices rise. The scissors demand supply from no one, answers only to quiz number one. Gotcha, it is more complicated than that, what with transit time, difference vectors. Yep gottit. Stop using the supply and demand blind fold. Particularly if you know that it is more complicated than that.
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