December 10th, 2009 — Banks
Banks and People (part 1 of 3)
The first laws of library science are:
For every reader a book.
For every book a reader.
The first law of economics, the “law of supply and demand” is:
For every seller a buyer.
For every buyer a seller.
In other words, you can’t have a “market transaction” without both a buyer and a seller.
Keep these laws in mind as we explore the relationship between banks and people.
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December 4th, 2009 — Reviews
Last night I caught an early show of a new documentary film with the Yes Men.
Who are the Yes Men? Well, they are kind of like the Blue Men, only they don’t work for a corporation; they pretend to represent corporations, government agencies, and other powerful institutions that the Yes Men don’t like.
Unlike Michael Moore who plays a buffoonish bad boy giving the bigwigs a hard time, the Yes Men become the bigwigs. The two of them in this film give everyone they come in contact with an Alice in Wonderland tour of what the world could be if it weren’t so out of whack. They take dry financial concepts such as “hazard” (a bad thing that could happen) and “risk” (the likelihood that the bad thing could happen) and show us through their own experiences what these concepts really mean to us as human beings.
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November 25th, 2009 — Economics and Investing
Believe it or not, this dismal series on banking is going to end with a hopeful note. That’s because “debt” isn’t always a four letter word.
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