Saturday, February 27, 2010

Friday, February 26, 2010


There is no means of avoiding the final collapse of a boom brought about by credit expansion. --Ludwig von Mises, Human Action (pg 572)

Groundhog day a couple of weeks late - - -

On Thursday night, Feb. 18, the FED (Federal Reserve) unexpectedly raised interest rates a quarter point.
~"This is the FED's version of Groundhog Day. ...It saw it's shadow (inflation) and so it raised rates.--Pimco's Bill Gross, CNBC, February 19, 2010, 08:45:19

Sunday, February 21, 2010

The Millennium - - -

We'll know the millennium has truly arrived when keyboarding becomes an official Olympic event.  --L. Reichard White, Sunday, February 21, 2010 1:20 PM

Saturday, February 20, 2010


If useful at all, hierarchies are designed for emergency circumstances where the situation is clear, usually dire, requires special knowledge and/or information held by one or only a few and a quick co-ordinated response.  And a bad outcome otherwise.  Since this requires accurate anticipation of the future at all stages -- which decays the further ahead you look -- clearly hierarchies have very limited usefulness which spoils rapidly.  Thus, as Sufi traditions suggest, they should never be created as permanent -- and should be encouraged to decay rapidly.  --L. Reichard White, Saturday, February 20, 2010 8:16 PM

Thursday, February 18, 2010

Child abuse?

We used to pay off the mortgage and leave our kids the farm; now we mortgage the farm and leave our  kids the payments.  --The Unknown Politician

Monday, February 8, 2010

User fees - - -

Taxes: User fees paid by someone other than the user. --L. Reichard White, Sunday, January 31, 2010 12:08 PM

Friday, February 5, 2010

Hey bro, what do you know?

More than I did yesterday, but not as much as I'll know tomorrow. --L. Reichard White, 1965

Wednesday, February 3, 2010

My favorite T-Shirt

You laugh at me because I'm different. I laugh at you because you're all the same.

Tuesday, February 2, 2010