How a machine works internally is what tells us what the output of the machine will be. Given that most financial instruments are indeed machines with their own internal working parts this isTim 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 l ...