What if you could make money by selling people securities, or equivalent, that have no inherent value, but people think will eventually be worth substantially more than they paid you for them? You can potentially make money from an endeavor that provides no value to the economy or society. You can make money off of […]
Posted on August 3, 2010, 3:21 pm, by Bill Rouse, under
Change.
I have been reading a lot of history lately, mostly U.S. history from 1620 to 1914, trying to understand the nature of changes that occurred in that period. The dominant businesses are interesting – cod fish in the Grand Banks, whales in Nantucket and New Bedford, ships for fishing and commerce (including slaves), textiles in […]
