Beginning in the 1970s, and armed by the Chicago School's very effective strategy of making offers to political regions that they could not refuse, finance capital took your savings and mine and invested where returns were greatest and safest. Recently, safe has been the purchase of public entities like airports, shipping ports, and municipal services.

Now, all those pent-up $ are being offered more Fort-Knox safety in rebuilding those structures erected originally over a couple of decades by bonds - at a time when the political entity's taxpayers were more solvent and the "lower taxes" crowd hadn't yet taken the helm. 

Good luck to us all.

Labels: moderation: safe