"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

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Friday, May 14, 2010

The Truth About Sovereign Debt Bailouts

They are a reverse redistribution of wealth. Pensions, healthcare, etc are slashed, while the banks holding the debt are surfeited with their ill gotten gain. The Babylonian tax farmers never had it so good.

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