Quote of the Day
"The most dangerous man to any government is the man who is able to think things out for himself, without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, and intolerable"
-– H.L. Mencken
Category Archives: Oxymoron Alert!
Substitute the United States of America for what Greenspan refers to as “Southern Europe” and China for what he refers to as “Northern Europe” and think about what happens here when the “North” stops subsidizing the “excess consumption” of the “South.” Greenspan … Continue reading
Financial Times: Job growth remains too slow to support the rise in consumption required for a self-sustaining recovery. Duh.