711 books
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175 voters
Derivatives
“
Derivatives - The risk never leaves the system - It finds taker who believes the risk is acceptable....until they lose everything.
”
― Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics
― Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics
“
... toxic derivatives were underpinned by toxic economics, which, in turn, were no more than motivated delusions in search of theoretical justification; fundamentalist tracts that acknowledged facts only when they could be accommodated to the demands of the lucrative faith. Despite their highly impressive labels and technical appearance, economic models were merely mathematized versions of the touching superstition that markets know best, both at times of tranquility and in periods of tumult.
”
― The Global Minotaur: America, Europe and the Future of the Global Economy
― The Global Minotaur: America, Europe and the Future of the Global Economy
