empire

Defending the Homeland

Recently I stopped at the US Marine Corp War Memorial in Washington DC. Walking around the base with its lengthy list of Marine engagements since 1775, now a double row on several sides, I thought, “How many of these can faithfully be considered to be in defence of the homeland? --->> read more -->>
Flash Boys cover by Michael Lewis
books

Flash Boys Doesn’t Ask the Important Question

The new book, Flash Boys, by Michael Lewis has reignited the discussion of how our financial markets are rigged by high frequency trading. From my 2012 note:  To turn back to HFTs, why do we need this kind of transaction? How do they contribute to economic growth? These activities are --->> read more -->>