Just a Gwai Lo - fun within prescribed limits

Outlining the Wikepedia article on the Federal Reserve system, Lloyd quotes Woodrow Wilson on the legislation that created the Fed: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”

Tyler Bleszinski on the point Moneyball was trying to make (yet which many people still miss): “Yes, OBP is important, but Billy valued it as a benchmark for acquiring players because it was something the market undervalued. That is no longer the case anymore. The Red Sox, Blue Jays, Dodgers, Padres and a whole host of other teams now use OBP as an important measure. The key is trying to figure out what the market undervalues and pouncing on it. If a team with a $120 million payroll is scooping up everything that Billy values, then the premise of Moneyball is now null and void. I'm sure Billy has moved on. And the changes in the team have reflected as such, for those that have been paying attention.”