Under The Gold Standard America

Yes, Over The Centuries Economic Progress Has Reduced Some Gross Disparities - Modern Americans Are Relatively Unlikely To Simply Starve To Death (though It Can Happen), So In That Sense The Gap Between Rich And Poor Has Narrowed. But The Question Isn't Whether Society Is, In Some Sense, More Equal Than It Was In 1900. It's Whether It Is Radically More Unequal Than It Was In 1970. And Of Course It Is.

If You Can Create Even The Illusion Of High Profitability For A Few Years, Then When The Thing Collapses You Can Walk Out Of The Wreckage A Very Rich Man.

I Think Stockman Is An Interesting Sort Of Amalgam.

Asset Bubbles Have Happened Even Without Not-so-easy Money. And, In A Depressed Economy, Where Alternative Uses Of Money Are Not Great, People Are Going To Bid Up The Prices Of Profitable Corporations And Stuff Like That.

Coming Up With A Good Idea, With An Insight Into The Way The World Works That Is Really New And That You Really Believe In, Is A Deeply Satisfying Experience.