Letters to the Editor
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People don't recognize..
.. that one of the most important technological advances in the last couple of decades is not in microchips or cell phones, but finance.
It is quite obvious when listening to TV commentators, that very few actually understand finance and markets. This is also illustrated by the number of people that got burned by the mortgage crunch.
Some of these financial instruments are being used to create Ponzi-like schemes. They are dependent on constant growth. As soon as growth stops, it collapses.
What will the end result be? Can you ever get something for nothing? For a time, but then you have to pay the credit bill.