Thoughts on the Financial Crisis

Since the financial crisis and resulting hysteria have transpired, I’ve been attempting to wrap my head around what happened — in relatively simple terms — and what we can do (or not do) to avoid something like this in the future.  While the financial instruments Wall Street employed in the recent decade were far from simple, I remain hopeful that there are more basic forces at work and thus solutions that don’t involve thousands of pages of legislation, bailouts and government control. Continue reading