Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent to.
I just posted an amazing article from Vanity Fair.
I consider it a must read.
Wall Street Lays Another Egg
Not so long ago, the dollar stood for a sum of gold, and bankers knew the people they lent to. The author charts the emergence of an abstract, even absurd world—call it Planet Finance—where mathematical models ignored both history and human nature, and value had no meaning.
New Page Up: Full Article Here
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