“What happened with structured finance and what’s happening with drones is that the adoption and increased use of the technologies come to have an independent effect on the underlying phenomena, the housing bubble and the war on terror’s killing bubble. Being effective and low-cost technologies, they heighten the bubbles as people use them intensively. The indiscriminate use or broad use or overuse of these technologies cause problems all their own and, in the hands of their users, who were investment bankers and now U.S. government officials, they become contributory causes of new problems.”
formerly http://www.lewrockwell.com/blog/lewrw/archives/129297.html
You must be logged in to post a comment.