http://www.syntheticzero.com/?p=226 art, life, philosophy, architecture, literature, film, performance, and other stuff Sun, 15 Mar 2026 20:40:31 +0000 http://wordpress.org/?v=2.6.2 http://www.syntheticzero.com/?p=226#comment-103 Ed Rombach Wed, 15 Apr 2009 18:38:22 +0000 http://www.syntheticzero.com/?p=226#comment-103 Nice article, and I fully agree that the financialization of the economy has been a brain drain on the real economy. However, the only regulation that is really needed to take care of the derivatives mess is monetary reform. Specifically the U.S. dollar must be made as good as gold again. Derivatives like CDS and 90% of the other derivatives traded in the financial market casino would become as obsolete as buggy whips with a return to the gold standard. Nice article, and I fully agree that the financialization of the economy has been a brain drain on the real economy. However, the only regulation that is really needed to take care of the derivatives mess is monetary reform. Specifically the U.S. dollar must be made as good as gold again. Derivatives like CDS and 90% of the other derivatives traded in the financial market casino would become as obsolete as buggy whips with a return to the gold standard.

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