The Science of Glass-Steagall
January 26, 2011 • 6:05PM

The matter of Glass-Steagall far exceeds any mere discussion of money, or even re-organizing the banking system. Glass-Steagall gets directly at the substance of mankind's ability to willfully exert his creative powers over the universe to increase his ability to exist. Indeed this is the basis for understanding economic value. Here we take the case of Iron Ore deposits and the oxygen crisis as a pedagogical case in point.