Friday, September 26, 2008

throwing the election

Don't even waste the man-hours on us
We are finding no solution
Call all the boys in from the fighting fronts
We have lost the revolution
None of the soaring flight we dreamed
Is any closer to perfection

Make me an offer, I don't waste them now
We have no more fixed intentions
Give all the faithful a deserved rest
We've abandoned our dissensions

I've got a feeling it's all rigged
I've got a feeling it ended a long time ago
But nobody tells me
I've got a feeling it's over now

-- Scott Miller (Game Theory) 1988

Tuesday, September 23, 2008

free market is dead

"The free market for all intents and purposes is dead in America.... The American taxpayer has been misled throughout this economic crisis. The government on all fronts has failed the American people miserably."
-- U.S. Senator Jim Bunning (R-Ky)

Monday, September 22, 2008

emerging socialist state

"Ben Bernanke, the chairman of the Federal Reserve and Hank Paulson, the Goldman Sachs tycoon who became US Treasury secretary, have done more for socialism in the past seven days than anybody since Marx and Engels."
--Larry Elliott, The Guardian (UK)

Tuesday, September 16, 2008

printing money

"The inflationism of the currency... has proceeded to extraordinary lengths. The various belligerent Governments, unable, or too timid or too short-sighted to secure from loans or taxes the resources they required, have printed notes for the balance."
-- John Maynard Keynes (re: Weimar Republic hyperinflation)

Monday, September 15, 2008

risk

"Risk comes from not knowing what you're doing."
-- Warren Buffet

Friday, September 12, 2008

margin

"When the tide goes out, you see who's been swimming naked."
-- Warren Buffett