The Tragic Bias of the Commons

The Fed's intrinsic play for the real folk making an allocation dollar averaging, not paying the rent seekers too much. If my theories are correct, and there's a big if around that, then the really important implication is that derivatives are mispriced in that model,. That's the exciting opportunity for me. The entire S&P looks very much like the behavior of the XIV, the inverse VIX ETF. What stops it? What's the jack which always stops these things? And you mentioned a world which we are savings rich right we are accumulating resources. Eventually you get to the point at which the withdrawals exceed the contributions. Under almost any model they can be run, that becomes violent and