Traders Cooperative

[porter]

I am not understanding Coxe's argument: His thesis regarding commodities, if it proves true, will lead to massive famine and revolt.
I'm also guessing...(allow me to guess!!!) that in 1974 he had less personal wealth than he has now so this may account for why he sees today's economy as a better one. (If I still have my job NOW and I was surplussed from it in 1973, does that mean the economic environment now is better or does seniority have a greater say in the matter?)

There is also the psychological component. When people talk about half-filled and half-empty cups the discussion never focuses on the SIZE of the cup.

In 1980 I sat in my college library and read every issue of the NY Times for 1973-1974. They were on microfiche film. Contrary to what Coxe believes it was different then than now. It was less severe.
No one fractured the cup in 1973. <ng>




Happy Holidays.