golden rule


Economist Robert Shiller (horrible webpage aside) has some interesting thoughts on how we can embrace finance instead of condemning it. Which you might be tempted to do after you see this article.

"Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation--not less--and finance should play a larger role in helping society achieve its goals."

Only when we acknowledge that we don't live in a "Golden Rule"/Good Society can we get closer to being one.