[Inflation] discourages all prudence and thrift. It encourages squandering, gambling, reckless waste of all kinds. It often makes it more profitable to speculate than to produce. It tears apart the whole fabric of stable economic relationships. Its inexcusable injustices drive men toward desperate remedies. It plants the seeds of fascism and communism. It leads men to demand totalitarian controls. It ends invariably in bitter disillusion and collapse.
-- Henry Hazlitt, Economics in One Lesson (1946)
Thursday, March 13, 2008
Tuesday, March 11, 2008
Monday, March 10, 2008
throwing stones
Picture a bright blue ball, just spinning, spinning free
Dizzy with eternity
Paint it with a skin of sky
Brush in some clouds and sea
Call it home for you and me
A peaceful place, or so it looks from space
A closer look reveals the human race
Full of hope, full of grace is the human face
But afraid we may lay our home to waste
-- John Perry Barlow (Grateful Dead) 1982
Dizzy with eternity
Paint it with a skin of sky
Brush in some clouds and sea
Call it home for you and me
A peaceful place, or so it looks from space
A closer look reveals the human race
Full of hope, full of grace is the human face
But afraid we may lay our home to waste
-- John Perry Barlow (Grateful Dead) 1982
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