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Jim's Quote of the Day:
"For a quarter century, those who recalled Charles Mackay's [non-fiction
book] Extraordinary Popular Delusions and the Madness of Crowds and
its many successors, and pointed out
that uncontrolled speculation always ends the same dismal way, were told that
they ought to shut up until they learned something about economics. Sober warnings
from distinguished scholars were drowned out by a chorus of cheerleading, while
less prestigious voices were pushed out to the fringes of the blogosphere.
What is now painfully clear is that those marginalized voices were right all
along, and their warnings could have spared us a massive economic disaster
if the pundits and politicians who dismissed them had listened instead." -
John
Michael Greer
