"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


Friday, September 23, 2011

Insanity Revisited: A Foolish Dialog

"We need more money to pay our debts. Then print as much as we need!"  So say the "markets," and we have never known them to be wrong...Except when things fly off the handle. Of course no one would dare deny that we must honor our debts.

Wait a minute. Exactly what are we honoring here? Whence come these debts?

From the venerable banking institutions that we cannot abandon, because if we do then things will get worse.

Wait. Aren't things getting worse anyway?

Yes, but we have stanched the bleeding for now. So we need another round of "quantitative easing" because the financial panic is starting again. This must be calmed now at all costs.

Yes, but doing the same thing all over again? Won't that lead to more of the same and not solve anything?

Yes, but the only alternative would be too horrible to imagine.

What is that?

The end of the system...

But it sounds like the system is a never ending nightmare. Wouldn't ending it be a good thing?

Shut up, fool!

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