John. If you have an ebook, I would like to buy it. It's hard to get into these complex ideas from a computer monitor.

I used to read The Economist quite religiously. One article explained "arbitrage" to me. It tried to justify the use of derivatives to fairly determine a market value of stock.

I just could not get into this reasoning. The value of stock is eventually going to be based on two things: 1) the assets minus liabilities and 2) the ability to earn a profit. No derivatives can ever override those forces. Since, I have deemed the derivative market mostly as a means to skim from amateur investors.

On my bucket list, I would really like to understand and grok monetarist economics. From my classical thinking, most western governments should have declared bankrupcy decades ago. Quantitative Easing is wizardry. This Covid thing has made the fiscal imbalance worse, yet we don't seem to be falling apart.

Anyways, this life venture is not likely to happen. There are other priorities. Maybe the wizards know what they are doing.