1.0The Texas Observerhttps://www.texasobserver.orgJames K. Galbraithhttps://www.texasobserver.org/author/james-k-galbraith/rich600338<blockquote class="wp-embedded-content" data-secret="hTZrsnhMA2"><a href="https://www.texasobserver.org/882-james-k-galbraith-we-cannot-have-discipline-so-we-must-have-pain/">James K. Galbraith</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.texasobserver.org/882-james-k-galbraith-we-cannot-have-discipline-so-we-must-have-pain/embed/#?secret=hTZrsnhMA2" width="600" height="338" title="“James K. Galbraith” — The Texas Observer" data-secret="hTZrsnhMA2" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(c,l){"use strict";var e=!1,o=!1;if(l.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(/[^a-zA-Z0-9]/.test(t.secret));else{for(var r,s,a,i=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),n=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),o=0;o<n.length;o++)n[o].style.display="none";for(o=0;o<i.length;o++)if(r=i[o],e.source!==r.contentWindow);else{if(r.removeAttribute("style"),"height"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if("link"===t.message)if(s=l.createElement("a"),a=l.createElement("a"),s.href=r.getAttribute("src"),a.href=t.value,a.host===s.host)if(l.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener("message",c.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",t,!1),c.addEventListener("load",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf("MSIE 10"),a=!!navigator.userAgent.match(/Trident.*rv:11\./),i=l.querySelectorAll("iframe.wp-embedded-content"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute("data-secret")))r=Math.random().toString(36).substr(2,10),t.src+="#?secret="+r,t.setAttribute("data-secret",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute("security"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:"ready",secret:r},"*")}}}}(window,document); </script> I have two friends – divorced women in their fifties, intellectuals, with literary and cultural interests – who put their nest eggs into NASDAQ stocks earlier this year. Ouch. Neither of them was rich, nor ever destined to be. Now they will be somewhat less so. In the long history of manias and speculations, the […]https://www.texasobserver.org/wp-content/uploads/2012/09/about-the-texas-observer.jpg740402