Water: "The Most Mispriced and Misallocated Resource."

A pretty solid discussion by Lauren Lyster with Rick Rule. I wasn't as excited about the comments of Jim Rickards. He wants to bring back Glass-Steegal and seems to blame the financial crisis on the removal of Glass-Steegal, while failing to acknowledge the role of the Federal Reserve money printing in causing the crisis and the moral hazard created by the FDIC which embolden banks to take on greater risk. In short, Rickards failed to understand the primary role played by the government in the crisis and thus in his confusion calls for even more government regulation via a return to Glass-Steegal. In addition, Rickards, comments on LIBIOR occurred from a rather pedestrian legal perspective, rather than an economic perspective, until Rule called him on it.