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