Black & Scholes risk management formula -- Financial deregulation of the early eighties -- The return of laissez faire and the re-celebration of greed -- The logic of financial bubbles that burst -- Mighty bubbles from little acorns grow -- A Faustian bargain (how liberals and conservatives both got it wrong) -- The final collapse in October 2008 -- Uniformitarianism -- Punctuated equilibrium and the froca process -- Human behavior in punctuation vs. equilibrium -- Getting it right.