Aug

19

 In this society, the notion of someone having any backbone is quaint. It is also wonderfully discordant with the realities of the society. Expediency has become our byword. Vision and courage are in short supply. Let's face it, few will take a risk unless it's with someone else's money.

And our government is the best at using OPM's to mitigate risk…..well, the risk of their political cronies.

Jeff Watson writes: 

The aforementioned men can be found on the few trading floors that are left, in back offices trading their own accounts. Ayn rand summarized it best when she said:

"The symbol of all relationships among [rational] men, the moral symbol of respect for human beings, is the trader. We, who live by values, not by loot, are traders, both in matter and in spirit. A trader is a man who earns what he gets and does not give or take the undeserved. A trader does not ask to be paid for his failures, nor does he ask to be loved for his flaws. A trader does not squander his body as fodder or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spirit—his love, his friendship, his esteem—except in payment and in trade for human virtues, in payment for his own selfish pleasure, which he receives from men he can respect. The mystic parasites who have, throughout the ages, reviled the traders and held them in contempt, while honoring the beggars and the looters, have known the secret motive of their sneers: a trader is the entity they dread—a man of justice."


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