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slanning (5049)

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Scott Lanning is currently working in Amsterdam at a hotel-booking company. The following interviews and commentaries are for entertainment only. The views and opinions expressed therein do not necessarily represent the views of his employer or even himself.

Journal of slanning (5049)

Thursday November 27, 2008
09:31 AM

$1.5 trillion stolen

[ #37959 ]
Am I misunderstanding something, or have the US banks stolen $1.5 trillion in US tax money in the past month or two? It's not the first time this has happened, either. They kept on deregulating away, and now we get to hear how the bailouts will save the economy.
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  • Despite what it may appear from the headlines, you are indeed mistaken.

    Theft is not what you are seeing.

    Greed and fear are what markets are built on, it's what they assume as normal human behaviour and what drives the benefits that result from them.

    It's a testament to the idea of markets that they can harvest the human negatives and make them into societal positives and massive generators of taxed income for the citizens of the country.

    And, just like the justice system, when greed and fear lead people to tr