Law of the Funnel
I received an interesting email from Hugo Salinas Price in response to Reflections on "Moral Choice" and the Definition of "Temporary"
Hugo writes ...
Hi Mish!Law of the funnel certainly describes the economic results we see.
Thanks again, for the mention!
It's odd that only those who are to pay, have to make a "moral choice". In Mexico, we call this "La Ley del Embudo" ("The Law of the Funnel"): at the wide top end the 99% contribute, at the bottom narrow outlet the 1% collect.
I think many good teachers would make the right moral choices, but as the California law now stands, they are actually prevented from making any choice, since their money is taken from them and they have no say in how it is to be used.
Used to be that great teachers - I had one, God bless him - taught because they loved to teach children, and lived very modestly indeed.
Best wishes
Hugo
Here are links to Hugo's two most recent articles.
The first link above is on fiat money vs. gold, and the second is about the crisis in Europe.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.