Friday, June 15, 2012

Phrase for the weekend

"When you have convinced the world, that an established system ought to be corrected, it is not very difficult to persuade them that it should be destroyed."

Adam Smith, "The History of Astronomy" (p.71)

PS: And it wasn't about the euro. Hat tip to Japs for the reminder.
By -
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Ken Rogoff on Milei and the IMF

  Another Excel... ent work* This is from a few weeks ago, but only now I had some time to post about it. Ken Rogoff has been doing the roun...

  • A reply to Wray - Part I
    By Sergio Cesaratto (Guest Blogger) “The fact that individual countries no longer have their own currencies and central banks will put n...
  • Hyperinflation in Bitcoinland
    There are Gold Bugs and there are  Bitcoin Bugs. They all oppose fiat money (hate the Fed and other monetary authorities) and follow some s...
  • Blog Moving to Substack (and first post)
    "Where is Everybody?" The blog will continue here for announcements, messages and links to more substantive pieces. But those will...