The Handwriting Is On The Wall

http://www.dailyreckoning.com/body_headline.cfm?id=3896

The Mogambo Guru

"St Petersburg, Florida - Tom Webber, a reader of the MoGu who foolishly thinks that by sending me things to read that I will maybe get an education and hopefully smarten up one of these days, sent an interesting but somewhat lengthy article entitled "Fractional Reserve Banking As Economic Parasitism (PDF LINK)," by a guy named Vladimir Z. Nuri.

The thrust is that the science of physics applies directly to economics, as in "applying statistical and computational modeling techniques to come up with...theories of money flow in...large economies," and there is now an emerging body of research actually doing this, and he calls it "econophysics."
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The investment of your time, to read the Mogambo Guru’s article (as well as his archives), the sixty-two pages in the PDF, and browsing Mr. Nuri’s posts, are well spent.

--WP