Satyajit Das: Banker
All bankers are capitalists when they're making money.
The moment they lose money they become socialists and line up [for their taxpayer funded bailouts] along with everybody else …
(Debt Slavery, Keiser Report, October, 2011)
Economics is not a science.
At best, its an ideology.
And, at times, a very dangerous one. …
Generally these people are influenced by one of two novels.
There are two novels that can change a bookish 14 year old's life, like Ben Bernanke.
Tolkien's Lord of the Rings, and Ayn Rand's, Atlas Shrugged.
One is a childish fantasy that often engenders a life long obsession with its unbelievable heroes; leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world.
The other, of course, involves orcs. …
(The End of Ponzi Prosperity, Big Ideas, ABC Radio National, 23 May, 2012)
John Maynard Keynes: Economist
We have involved ourselves in a colossal muddle having blundered into the control of a delicate machine.
The working of which we do not understand. …
(LIBOR^2 x 1/LIBOR) – (LIBOR^4 x LIBOR^-3) = ?
Culture of Greed
Gambling with Civilization
Modernization and Progress
Rich Man, Poor Man
Buy food and energy
Restoration of the Plutocracy