“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.”
http://www.lewrockwell.com/blog/lewrw/archives/129297.html
Related posts:
What Bothered Me Most About the Zimmerman Trial
Scalia Blows the Whistle on US Internment Camps?
The Simple Case for Gold
Obama (Scut Farkus), Europe (Grover Dill), and Snowden (Ralphie)
Bill Bonner: Here’s Proof That Wealthy Elites Control Washington
Jacob Hornberger: The Biggest Threat to Our Country
Can America Win A War In Syria?
Constitution prohibits Trump's pre-emptive strike against N. Korea
The HSBC Debacle - A Double Whammy Of Political Risk And Hypocrisy
NSA spying illegal, even under the unconstitutional Patriot Act
Repealing the Anti-gun ObamaCare Law
James Bovard: Facebook/Russia farce shows lawmaker deviousness, demagoguery
CFR: Print Money and Hand It Out Directly to Consumers
Peter Schiff on Politics, Precious Metals and President Obama's Second Term
The Head of the Cyprus Central Bank is Named Panicos (Panic Us).