Something is deeply flawed with the world. A new dogma of the "virtue of greed" has sanctified inefficient flows of capital, allowing a very small minority to absorb disproportionate amounts of resources.
This diary is my attempt at explaining how dogma affects systemic capital flows. Every economist, at heart, is a philosopher of sorts, whether or not they choose to admit it. Beyond discount rates, market rates, yields to maturity and the host of assorted statistical measurements economists use to anticipate risk and predict the enigma of capital flows, human behavior serves as the principle driving force in the movement of capital. Statistical review can only show us so much. Cognitive interpretation, with clarity, must be used to see the entire picture of why capital flows become so lopsided and inefficient.
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