"The mind is a compact, multiply connected thought mass with internal connections of the most intimate kind. It grows continuously as new thought masses enter it, and this is the means by which it continues to develop."

Bernhard Riemann On Psychology and Metaphysics ca. 1860

Today's Elites

Sunday, July 13, 2008

Fannie Mae and Freddie Mac: opportune forcing moments ? (Or more of the same balderdash?)

The problem here, ladies and gentlemen, is only to be situated from the standpoint of an Hamiltonian alternative to the nation's existential economic throes. For the remedy is to use debt as a means to grow those sectors that are in a ramshackle state of decay. This was the response of Hamilton, Lincoln, and Roosevelt to the enormity of like crises facing our nation in their day. A word to the wise: please educate yourselves, while we still have time and dump such silly palaver re bailouts vs. privatizations-- while we still have time...

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