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)

Surplus approach, Historical Materialism, and precapitalist economies:

New Paper by Sergio Cesaratto on a topic closely related to what he has discussed here before. From the abstract: In the classical economis...

  • 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...
  • 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...
  • 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...