10 September 2022
Damned lies
“Bunny had a talk with Mr. Irving, who told him that it was the Federal Reserve system at work; a device of the big Wall Street banks, a supposed-to-be government board, but really just a committee of bankers, who had the power to create unlimited new paper money in times of crisis. This money was turned over to the big banks, and in turn loaned by them to the big industries whose securities they held and must protect. So, whenever a panic came, the big fellows were saved, while the little fellows went to the wall.” - Upton Sinclair, ‘Oil !’ (1926), cited by Rudy Havenstein.
3 September 2022
The most expensive purchase you will ever make
“We have reached the state where the private sector is that part of the economy that the government controls and the public sector is that part that nobody controls.” - Pedro Schwartz, Spanish economist.
27 August 2022
Storm Season
“You think I'm crazy? Well, listen up, there's a storm coming like nothing you've ever seen, and not a one of you is prepared for it.” - Curtis LaForche (Michael Shannon), ‘Take Shelter’.
13 August 2022
Warren Buffett’s Dark Secret
“Do as I say: Obey my instructions, as in Never mind about the other mothers – you do as I say. This admonitory order is sometimes followed by a self-deprecating phrase, Do as I say, not as I do, meaning “don't imitate my behaviour but obey my instructions.” This order first appeared in John Selden's Table-Talk (c. 1654): “Preachers say, 'Do as I say, not as I do.'” - Definition of the phrase, ‘Do as I say’, Dictionary.com.