“Unregulated greed will rise to exceed and overwhelm all rational expectations of theoretical market behavior over time, always and everywhere, because men are no angels. And since money is power, the greater the concentration of money in a society, the less free it will become, and the less reliable all decision based market-based models of it will be. Rational expectations, and therefore market forces, will fail when undermined by the unbridled greed for money and power. Passion and obsession will trump reason, unless reason arms itself against the excesses of human nature. History proves this.”
Jesse
