Monthly Archives: April 2013

Quote of the Day

The Fed is the elephant in the living room that everyone pretends not to notice. Even many of those who blame government for the current mess leave the Fed out of the picture altogether. The free market, meanwhile, takes the … Continue reading

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The Head of the ECB has “No plan B”

The head of the ECB, Mario Draghi, was asked if there was a plan if countries such as Cyprus decided to leave the Euro: Well you really are asking questions that are so hypothetical that I don’t have an answer to them. … Continue reading

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Dangerous experimentation

“Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich.” The Restaurant At The End of The Universe, Douglas Adams Post World War II, there was a system … Continue reading

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Quote of the Day

The central banking branch of the state remains hostage to Wall Street speculators who threaten a hissy fit sell-off unless they are juiced again and again. Monetary policy has thus become an engine of reverse Robin Hood redistribution; it flails … Continue reading

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