Gold Has No Increasing Value. And If

The Global Financial Crisis - Missed By Most Analysts - Shows That Most Forecasters Are Poor At Pricing In Economic/financial Risks, Let Alone Geopolitical Ones.

I Am Quite International. My Background, Born In Turkey. My Family Is A Jewish Family From Iran, So I Went From Turkey To Iran To Israel, And Then Grew Up In Italy And Ended Up In U.s. For Graduate School. So I Tend To Look At Things From An International Perspective, And I Think That Gives You A Little Bit Of A Broader View Of What's Going On.

I Think It's True That The 1 Percent Or The Elite Are Living In A World Of, Maybe, Excessive Privilege, And They Don't Fully Realize How Much Pain And Suffering, How Much Anxiety Exists Out There.

I Believe In Market Economics. But To Paraphrase Churchill - Who Said This About Democracy And Political Regimes - A Market Economy Might Be The Worst Economic Regime Available, Apart From The Alternatives. I Believe That People React To Incentives, That Incentives Matter, And That Prices Reflect The Way Things Should Be Allocated. But I Also Believe That Market Economies Sometimes Have Market Failures, And When These Occur, There's A Role For Prudential - Not Excessive - Regulation Of The Financial System.

Edward Conard Provides A Provocative Interpretation Of The Causes Of The Global Financial Crisis And The Policies Needed To Return To Rapid Growth. Whether You Agree Or Not, This Analysis Is Well Worth Reading.