Irrational Exuberance
Whatsoever things are true...



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Tuesday, July 2, 2002
 

I've been reading Kevin Phillips' Wealth and Democracy. For those of us who weren't paying attention in our high school and college history classes, we've been through excesses like the Internet Bubble and the current corporate morals meltdown before. Several times. In his farewell address, Andrew Jackson had this to say:

The mischief springs from the power which the monied interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges which they have succeeded in obtaining ... and unless you become more watchful in your states and check this spirit of monopoly and thirst for exclusive privileges you will in the end find that the most important powers of government have been given or bartered away...

12:06:22 PM      comment []


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