Wednesday, May 24, 2006

Insanity is prevalent

I happened to be reading an editorial by Sol Palha written in 2003 for Financialsense.com. The name of the piece is "Insanity is Prevalent" and it contains some interesting points regarding gold, fiat money, savings, and the value of what we are commonly taught in our "learning" institutions. Here is an excerpt:

The modern education system is slowly but surely stripping our self-identity. We don’t know who we are, what we are capable of doing and what it is we really want. All we know now are values that are being force fed through subtle means via so-called higher-level education systems. It's truly sad that very few young people have any idea about the concept of money management. It is even sadder to find out that "saving" is an alien term to them.

I've read some of Sol's articles in the past, and while I don't always agree with his arguments, I find that he makes some very interesting observations about the markets and the human condition. It is in that spirit that I recommend reading this article.