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Saturday

The New feudalism: Inflation and Free Trade

Finance Entry: February 3rd 2007 | 1 year 9 months ago
"In fact, the only things really separating us from a new feudalism, is for the neo-robber barons to drop the pretense, adorn themselves with ermine fur, call themselves dukes and barons, and dig a moat around their mansions."

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Tuesday

Richest 2% own more than half the world

Finance Entry: December 5th 2006 | 1 year 11 months ago
"He likened the situation to that where, in a group of 10 people, one person has $99, while the remaining nine share $1." To be in the top 50% you need to net $2200. Fuck the 80/20 rule, try 50/2 (500/80).

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