November 5, 2009
Dear New Yorker: I Want My Catch Phrase Back
November 4, 2009
Armen Alchian
November 4, 2009
Book Update
November 4, 2009
What's Really Rotten in the City-State of Singapore?
November 3, 2009
Economists Are Irrational; Is Anyone Else?
November 2, 2009
Book Update


When water boils, you only see bubbles at the top. Believe me, the water is hot through and through. I make it a point to talk to people of all stripes and occupations when I get the chance. I haven't encountered a single person yet that doesn't have some "populist" anger.
With the current shape of things in both the economy and the "natural order" of things, it would be nearly impossible not to invoke some kind of "populist" anger. As for the idea behind the "confidence" game, I do believe that the government thrives off of such systems. Money these days is only what we make of it, we believe that every dollar shows us how much the government owes us. This in turn puts the government in a favorable position for they are the one's ultimately telling us how much they have to give in return. Isn't every decent economic concept based on some kind of confidence? Hell, even our stock market is based on consumer confidence.
Why do you use the term "populist" in view of its commonally accepted connotation?