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Brendan Doran
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Oh my Dear Sir. You have completely missed who Smaug is in this instance...and mistaken the Dragon himself as the professed bringer of plenty. In short the very Central Bank and it's combustible paper.
Commented Dec 31, 2012 on The Macroeconomics of Middle Earth at Worthwhile Canadian Initiative
The Macroeconomics of Middle Earth
Smaug the dragon is typically viewed as a fiscal phenomenon, depressing economic activity by burning woods and fields, killing warriors, eating young maidens, and creating general waste and destruction. Yet peoples - whether elvish, dwarvish, or human - have considerable capacity to rebuild. Why...
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Dec 30, 2012
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