From The New York Times Sunday Opinion Section December 26, 2010 in an article by Frank Rich Who Killed the Disneyland Dream? :
...In 2010, our system incentivizes high-stakes gambling - " this business of securitizing things that didn't even exist in the first place," as Calvin Trillin memorably wrote last year - rather than the rebooting and rebuilding of America.
Derivative instruments do not have the solidity of an ingot of gold dropped on your foot, yet they will make you wince just as hard, weep tears just as real.
We have a naive understanding of the world, separating things into "hard facts" and "dreamy rationalizations". The things to which we cannot point, things that cannot block the sun, things that have no mass may yet do us irreparable harm.. or benefit. We must understand the worlds of which we assist in the creation; we can no longer take everything for granted.
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