Today is already the tomorrow which the bad economist yesterday urged us to ignore. Henry Hazlitt
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Category Archives: Thoughts of the day
Good Old Henry
02-Jun-09Panacea for a mismanaged nation
31-May-09“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” Ernest Hemingway
Government
Twain observed in 1873: “I never can think of Judas Iscariot without losing my temper. To my mind Judas Iscariot [...]
I believe that all government is evil, and that trying to improve it is largely a waste of time…
28-May-09It is the dull man who is always sure, and the sure man who is always dull. H.L. Mencken
One of the brightest minds,the only audio of his voice
Sphere: Related Content
One Thought Could Change Your Life
20-May-09One thought could change your life, your wealth, your trading day, your happiness. Mostly they come and go, but few stay. This is something that you can find usefull, it’s not only about trading, but it could change your feeling of the market and make you become more resistant to “green shoots”, government stupidity, manipulation [...]
Idea of the day #1
21-Apr-09It was found somewhere in the old comments of The Baseline Scenario website. And here is it:
“In early February, James proposed that bankers’ bonuses be paid out in “toxic assets” - after all, the industry was arguing that these would definitely rebound (”it’s just a liquidity problem”) and that their “true” value was substantially above [...]
More on this topic
(What's this?)
Treasury Trying to Defend Bank Gaming of Public-Private Partnership
(naked capitalism, 4/3/09)
FDIC Going Broke and Why Bank Fees will Keep Rising
(Saving to Invest, 3/4/09)
US Deviating Considerably From Swedish Banking Crisis Best Practices
(naked capitalism, 3/18/09)