Tun understand how a machine works we need, first, to look at how the wheels and mechanics inside it function. Financial instruments are machines of a sort and theTim Worstall is a wholesaler of rare earth metals and one of the global experts in the metal scandium. He is also a Fellow at the Adam Smith Inst in London and an writer for a number of media outlets, including The Times (London), Telegraph, The Register and even, very occasionally indeed, for the WSJ. This account is linked with that of Mohamad M ...