Tag Archives: Risk

The Hunger Games: Are the Rich Worried They Might Be Eaten?

Eat the Rich! (Political comment attributed to Jean-Jacques Rousseau) The Hunger Games book trilogy and movie series paints a dystopian view of the future as the rich and powerful rule from a fantastically wealthy capital city while the populations suffers deprivation and starvation  while working in serf-like conditions.  Currently,  the books are seen as popular Continue Reading →

Derivatives as Weapons of Mass Destruction: An Explanation for non-Economists

Weapons of mass destruction exist in the financial sector. They are called derivatives. Here is a simple explanation. You should care, as they may destroy the financial system as we know it and all of us will be hurt. No one really knows how much damage could be done by an unwinding of the derivatives Continue Reading →