“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:
Peter Schiff: Gold & The Perfect Storm That Will Lead To Collapse
U.S., Europe Still Funding Egypt Military Oppression With Billions
Bill Bonner: Can a credit system last in the modern world?
U.S. 10 Year Bond Yields in Perspective (1790-Present)
The Absurdist, Tragicomic Narratives of Domestic Surveillance
Home Ownership for Young Americans Is Falling. So What?
The President Punts in the Syrian War Game
Don’t Fall Victim to Hoarding
John Hussman: On Governance
Glenn Greenwald: Obama, Congress and Syria
Bill Bonner: The Cryptocurrency Revolution
I apologize for what you’re about to read
Why Are Bond Yields Falling as Stocks Rally?
Forced Separation of Children: an American Tradition
Ron Paul: The Drone Threat