http://www.blakeclan.org/jon/greenoasis/feed/atom/ 2011-04-06T21:25:15Z Green Oasis One Mormon boy's iconoclastic quest to remix and rectify his notions of truth, mind, myth, love, life, and transcendence. Copyright 2011 WordPress http://www.blakeclan.org/jon/greenoasis/?p=1429 <![CDATA[Financial Crises for Dummies]]> 2009-03-08T01:03:05Z 2009-03-08T01:03:05Z Jonathan jonathan@blakeclan.org http://www.blakeclan.org/jon/greenoasis/ This American Life recently broadcast an episode about the financial crisis that made the situation comprehensible to this non-accountant.

]]> http://www.blakeclan.org/jon/greenoasis/?p=871 <![CDATA[Tragedy of the Commons]]> 2008-11-12T19:20:02Z 2008-11-12T19:19:27Z Jonathan jonathan@blakeclan.org http://www.blakeclan.org/jon/greenoasis/ Who’s surprised that Wall Street is driven by greed?

One of the chief reasons that I’m not a free-market libertarian (it’s tempting) is because that philosophy doesn’t take into account externalities. The latest financial meltdown is another tragedy of the commons. Michael Lewis, author of Liar’s Poker, tells a story of those who broke the financial system and those who saw the end coming. (via kottke.org)

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