"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


Thursday, May 06, 2010

The Value of Money: All That Glitters Is Not Gold

Query: If a record $106.5 million is paid for a Picasso supposedly "depicting" a "nude and bust" childishly scrawled in a day by the obviously imbalanced "artist," what is the value of money to the crowd of financiers who prize such dross?

The answer is just this: They will burn one hundred million dollars on a lark one day and the next force thousands out of their homes and into the streets all in the name of fiscal responsibility. All honorable and upright citizens, you understand, it goes without saying.

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