Lucy Van Pelt: This time you can trust me. See? I have a signed document testifying that I won’t pull it away. Charlie Brown: It is signed. A signed document. I guess if you have a signed document in your possession, you can’t go wrong. Maybe this is the year I finally kick that football….
If you can’t change the world. Change yourself. And if you can’t change yourself then . . . change the world. ~ The The, from the song “Lonely Planet” I’ve spilled a fair number of pixels laying out why I think the extend and pretend monetary policies of the past few decades have been a…
In almost every respect, adhering to a policy of low rates, employing quantitative easing, deliberately stimulating asset prices, ignoring the consequences of bubbles breaking, and displaying a complete refusal to learn from experience has left Fed policy as a large net negative to the production of a healthy, stable economy with strong employment. ~ Jeremy…
Debt and deficits are not inventions of ideology. They are facts of arithmetic. ~Paul Martin, Canada’s finance minister at the start of the country’s “Redemptive Decade” Update: Thanks to The Financial Blogger for choosing this article for the #1 spot in the Best of Money Carnival – My Favorite Money Quote Edition. Usually our Friday…
Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as though nothing had happened. ~ Winston Churchill Update: This article was included in the Canadian Personal Finance and Investing Carnival #6 posted at Investing Thesis. Thanks Arjun! We are swimming in deficits globally. Many governments, financial institutions and…
You can never get enough of what you don’t need to make you happy. ~ Eric Hoffer Remember when you were a kid and you begged, pleaded with, and nagged your parents to buy you something for months on end? You wanted it so badly. It would solve all of your problems and provide you…
Numbing the pain for a while will make it worse when you finally feel it. ~Albus Dumbledore, Harry Potter and the Goblet of Fire Is the Federal Reserve a hero or a villain? You can find plenty of Nobel Laureates, pundits, and civilians like myself on either side of that debate. Nassim Taleb, author of…
