Dec 1, 2015
Dr. Mark Thornton was with us today. As a senior fellow at the Mises Institute his works are very well known these days. He condemned New York State's overzealous attorney general for his unwarranted attack on fantasy football. Mark thinks it's hypocritical and asks why should governments being pushing Lotto, which really does victimize the poor. The payout ratios on legal gambling are pathetic. Customers get a much better deal from the neighborhood bookie.
Next we discussed the Skyscraper Index and how it's flashing a danger sign to Saudi Arabia. Their 1 kilometer edifice is perhaps getting too close to the sun. Their economy is plunging and they're quickly running out of money. It's scenario that has been oft repeated, from NYC in the depression, to Malaysia to China and now Saudi Arabia. It seems when man gets too close to the heavens, the Gods have a way of putting him in his place. Is New York City and the Freedom Tower next?