Unlike old-fashioned Britain, where Tony Blair recruited Lord Levy to encourage his 'Friends of Israel' to donate their money to a party that was just about to launch a criminal war, in America Alan Greenspan provided his president with an astonishing economic boom. It seems that the prosperous conditions at home divert the attention from the disastrous war in Iraq.
Greenspan is not an amateur economist, he knew what he was doing. He knew very well that as long as Americans were doing well, buying and selling homes, his President would be able to continue implementing the 'Wolfowitz doctrine' and PNAC philosophy, destroying the 'bad Arabs' in the name of 'democracy', 'liberalism', 'ethics', and even 'women's rights'.
Greenspan advised the American people to buy - he repeated the old mantra: 'spending is patriotic'. He also managed to convince them that if they did not have the money, that shouldn't stop them. They would 'pay later'. To a certain extent he was correct, we are all having to 'pay later'... we may even never stop paying.
Gilad AtzmonTags: economics
100 trillion is 100 followed by 12 zeroes
Andrew AshwinTags: economics business textbook
The bubble logic driving tulipomania has since acquired a name: “the greater fool theory.” Although by any conventional measure it is folly to pay thousands for a tulip bulb (or for that matter an Internet stock), as long as there is an even greater fool out there willing to pay even more, doing so is the most logical thing in the world.
Michael PollanTags: economics logic tulips greater-fool-theory tulipomania
By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
John Maynard KeynesTags: economics corruption government banking
Much else than liberalization has happened in the nineties (in India)
Jean DrèzeTags: economics
Man is smart - If money would have grown on trees, we would have used green leaves as money.
Amit KalantriTags: money inspirational man men inspiration inspirational-quotes economics smart finance money-management money-quotes smartness
Science would not be what it is if there had not been a Galileo, a Newton or a Lavoisier, any more than music would be what it is if Bach, Beethoven and Wagner had never lived. The world as we know it is the product of its geniuses—and there may be evil as well as beneficent genius—and to deny that fact, is to stultify all history, whether it be that of the intellectual or the economic world.
Norman Robert CampbellTags: science life music world history economics genius scientists intellect isaac-newton newton beethoven ludwig-van-beethoven richard-wagner wagner galileo bach giants geniuses galileo-galilei beneficent johann-sebastian-bach lavoisier lavoisier-antione-lavoisier
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