Midwife?

Deflation is the midwife of hyperinflation. --Howard_Beale, Fri, 02/26/2010 - 19:53 #247566

Comeuppance?

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

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

Anachronism?

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

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

We weren't on the wrong side [in Vietnam'] - - -

We weren't on the wrong side [in Vietnam], we were the wrong side. --Daniel Ellsberg, The Most Dangerous Man in America, NewsBusters.org

User fees - - -

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

Radical notion - - -

Save now, buy later.  --L. Reichard White, Sunday, February 07, 2010 9:35 AM

Hey bro, what do you know?

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

My favorite T-Shirt

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

Where "truth" often comes from today

An unchallenged lie becomes an unquestioned truth. --L. Reichard White, March 6, 2005

Who changes YOUR mind?

Only YOU can change your mind.  Or can you?  --L. Reichard White, Sunday, January 31, 2010 10:59 AM

Where pornography is - - -

Like other judgments, pornography is in the mind of the beholder, so, logically, those experiencing it need to censor themselves. --L. Reichard White, Thursday, January 28, 2010 6:55 PM

Federal Reserve Operations Nut-shelled

"The Fed's "independence" means the banksters' freedom to take in $1 in deposits, set aside 3 cents in reserves, lend $1 at effective 33:1 leverage at a growth rate of 7-10%/yr. at a doubling time of 7-10 years, go broke once a decade, and have the US Treasury make them whole so they can do it all over again." --Hypocrite Bernanke and his Political Pandering; Bernanke Buys Votes

Who is that Masked Man?

There is a persistent rumor that one big buyer is supporting the U.S. Treasury market. --CNBC, Tuesday, January 19, 2010 7:51 AM

School = Education - - - NOT!

Education is essential, school isn't. --L. Reichard White, Monday, January 18, 2010 11:46 AM

OOPS!

The economics profession has neglected to take human psychology into consideration. I've written a book, "Animal Spirits," to try to remedy that situation. --Yale economist and co-inventor of the Case-Shiller housing index Robert Shiller, CNBC, January 12, 2010, 09:53:39

Banksters are depressing

According to Murray Rothbard of the Austrian School of Economics -- and thoroughly documented by him in A History of Money and Banking in the United States -- banking panics and the resultant depressions occurred often in the 19th century, but always because of the same factor: collapse of the credit part of the money supply which had been created by fractional-reserve lending. In other words, by de-facto bankster counterfeiting.

Just play!!

Neither a winner or a loser be. Just play!! --L. Reichard White, Sunday, December 27, 2009 9:24 AM