Thursday, September 10, 2009

The Next Credit Crisis?

"I, however, place economy among the first and most important republican virtues, and public debt as the greatest of dangers to be feared." - Thomas Jefferson

"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes
"The problem with socialism is that eventually you run out of other people's money." - Margaret Thatcher
Maybe every generation has to learn these lessons the hard way. If only we'd listened to our elders!

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