My main concern is with the world order

When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.

The global crisis is caused by pathologies inherent in the global financial system itself.

The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.

You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.

I rely a great deal on animal instincts.