Monthly Archives: March 2013

The Rationalization of Inequality

The Medieval church became the most dominant institution in western Europe. It was one of the largest landowners of the time and collected rents and many fees for offices and services. The church did not pay taxes. The top down … Continue reading

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About Madness and the Deluded

Bubbles occur when prices of a particular item rise far above the item’s real value. A stock market bubble is a self-propagating rise or increase in share price of a stock – investors buy more stock at an inflated price … Continue reading

Posted in Global Economy, Objectivism Lost and an Age of Disillusionment, United States Economy | Tagged , , , , , | 1 Comment