Every bubble consists of a trend that can be observed in the real world and a misconception relating to that trend. The two elements interact with each other in a reflexive manner.

However, even a strong government can't perform miracles. It needs money from the taxpayers.

The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions.

Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention, and I wouldn't underestimate the value of that. But they're not designed to take care of social needs.

I fancied myself as some kind of god or an economic reformer like Keynes

When money is free, the rational lender will keep on lending until there is no one else to lend to.

Unfortunately, the more complex the system, the greater the room for error.