Work on Technology While You Worry About the Economy
As far as I am able to discern, the core of our economic problems lie solely in financial markets—the saving, investing, lending and borrowing of money. In short, there have been huge problems among the institutions that deal with “other people’s money.” I’ll let someone else sort out what parts of the trouble are criminal, negligent, or simply greed. All of these elements are clearly present! The bright spot is that the manufacture of tangible products is only indirectly involved. Sure, money is the fuel of commerce, but industry is the engine, and the engine is in pretty good shape. There are difficulties in certain industry segments and variations in strength from country to country, but overall, making things that people need (and want) appears to be a reasonably stable business, just waiting for things to get better.
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