“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.”
Plutarch
"And I'll leave you with one set of numbers that I found today, which is just an absolute for this whole thing. In 2015, Wall Street Bonuses, not regular compensation, bonuses, seven years after they were bailed out with the public purse, totaled $29.4 billion dollars.
Total compensation paid to every single person in this country who makes minimum wage totaled $14 billion...
The era of neo-liberalism is over. The era of neo-nationalism has just begun."
Mark Blyth
“There may be thunder in Europe but it is in America the lightning will fall.”
Ambrose Bierce
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot