Laudato Si
This interview is one of the most revealing of the way mainstream talking heads think about the economic condition of the world, and it is worth a watch. In it, a hedge fund manager thrashes the reporter, by explaining that he has the duty to make money for his clients, and it is only the actions of governments that is destroying wealth and allowing him to hedge against monetary failure. To argue that he profits only by the misery of others is comparable to leveling the same charge against doctors or lawyers, who make their livings off of the reality of a complicated world where things do go wrong. The only difference is, the things that are going wrong in the financial industry are because of government intervention and debt, and they could be prevented with a bit of foresight. Take the time to watch this one today. It is well worth the time…