"At the root of America's economic crisis lies a moral crisis: the decline of civic virtue among America's political and economic elite. A society of markets, laws, and elections is not enough if the rich and powerful fail to behave with respect, honesty, and compassion toward the rest of society and toward the world." Jeffrey Sachs
"As everything in what used to be called creation becomes a commodity, human beings begin to look at one another, and at themselves, in a funny way, and they see price tags. There was a time when people spoke, at least occasionally, of 'inherent worth'— if not of things, then at least of persons."
Harvey Cox, The Market as God
"What we need in the United States is not division. What we need in the United States is not hatred. What we need in the United States is not violence and lawlessness, but love and wisdom and compassion toward one another, a feeling of justice to those who still suffer in our country."
Robert F. Kennedy
"I want to end with the idea that the [unregulated] market is capable of resolving all of our social conflict, fairly and justly. That is the great idea of the 1990's. And we all know now what a crock that is. I think what we need in order to restore some kind of sense of fairness is not the final triumph of markets over the body and soul of humanity, but something that confronts markets, and that refuses to think of itself as a brand."
Thomas Frank
Stocks were in rally mode today, with the big cap techs lagging a bit.
Gold and silver were higher, while the Dollar was essentially unchanged.
Monday is Columbus Day. While the markets will be open, other financial businesses may be closed.
Have a pleasant evening.
