Here are some quotes that came my way during 2010 that I hope you too will enjoy. It beats having to read another list of predictions for 2011 most of which will be wrong other than the observation that we will again be living in interesting times…
“Economics is extremely useful as a form of employment for economists” John Kenneth Galbraith
“When all the experts and forecasts agree, something else is going to happen” Bob Farrell
“The only thing necessary for the devil to flourish is for good men to do nothing.” Edmund Burke
“Hell is empty. All the Devils are here” Shakespeare
“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Mark Twain
As in the Bernank knows for sure 100% that he can control inflation…h.m.m.m.
The system only exists because of your participation in it – Anon
“Democracy is the art and science of running the circus from the monkey cage” H. L. Mencken
“In three words I can sum up everything I’ve learned about life: it goes on” Robert Frost
“If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”
President Andrew Jackson, 1829
Still ahead of his time 181 years later…
“The difficulty lies, not in the new ideas, but in escaping from the old ones.” John Maynard Keynes
I think he means Keynesian economics…
The only function of economic forecasting is to make astrology look respectable. John Maynard Keynes
He was a Gemini – let’s hope there was only one of him..
You never know what is enough unless you know what is more than enough – William Blake
He was obviously contemplating eating a Christmas pudding…
Have a great Christmas and may the New Year bring all you wish for as long as you are careful in the process!