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I admit that I'm not too comfortable with the world of high finance and economics. This might be odd, considering I majored in finance in college.

Then again, I spent most of my college years smoking in the library, checking out coeds on the quad, starting food fights in the cafeteria, and playing tricks on the crusty dean. My copy of Adam Smith's Wealth of Nations sits unread on my bookshelf.

I swear, I'll get to it someday; as of now, however, I can't get past the first turgid page.

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When I think of the various economic types, I find myself agreeing with John Kenneth Galbraith's observation that: "Under capitalism, man exploits man. Under communism it's just the opposite."

To the extent I think about economics, I conceive the free market as a python that swallows its own tail.

You may start with open and spirited competition, but as winners emerge and losers fall away, your free market tends to constrict an