Axios Edge: Captured regulators — Argentina’s Macrisis — Financial theater

Anyone who thinks that the stock market is a level playing field obviously has no contact with reality.

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1 Response to Axios Edge: Captured regulators — Argentina’s Macrisis — Financial theater

  1. Peter Varhol says:

    What are your thoughts about the claim by the Yellow Vests that the money being donated to rebuild Notre Dame should instead be spent on improving the lot of the middle and lower classes? I am reminded of our early days of space flight, circa 1960-1980s, where millions claimed that it was a tragedy to spend that much on a quixotic venture when people suffered from want daily.

    My personal opinion is that civilization means more than government improving the economic lot of citizens. We build (and hopefully maintain) artifacts of civilization for ourselves and future generations. These do not cost much, in the grand scheme of things, and serve as a way to hold society together, to bind us as one people (with mixed success). Without these symbols, we lack the ties that bind, and simply become competing tribes for the largess of government.

    You might argue that this is all well and good for me to say, as on balance I do not require that largess, but I still think that we get more value out of our symbols of civilization than they cost.

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