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Economics and the economy

Kyle Bass on the coming economic 'restructuring'

Submitted by bsfootprint on Wed, 12/14/2011 - 22:28
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Three must-see interviews with Kyle Bass. Bass tells us why the European economic union must default and will not survive, among other things.

The other two are on Business News Network, but cannot be embedded. You'll have to watch them on BNN.com, and you should do so.

Betting on a Collapse, Part 1

Betting on a Collapse, Part 2

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Quote:  “The trouble with Socialism is that eventually you run out of other people's money.” – Margaret Thatcher

Submitted by bsfootprint on Tue, 09/27/2011 - 17:30
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Maggie Thatcher is supposed to have said this.

But it appears to be paraphrasing something she said in an interview on Feb 5, 1976 Thames TV This Week with Llew Gardner.

It's balls-on accurate either way.

Quote: 

I think they've made the biggest financial mess that any government's ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them. They then start to nationalise everything, and people just do not like more and more nationalisation, and they're now trying to control everything by other means. They're progressively reducing the choice available to ordinary people.

Who Said It?: 
Margaret Thatcher
Quote Source Links: 
http://www.margaretthatcher.org/document/102953
http://www.snopes.com/politics/quotes/thatcher.asp
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Quote:  “Throughout history, poverty is the normal condition of man.” – Robert A. Heinlein

Submitted by bsfootprint on Tue, 09/20/2011 - 21:05
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Quote: 

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as "bad luck."

Who Said It?: 
Robert A. Heinlein
Quote Source Links: 
http://en.wikiquote.org/wiki/Robert_A._Heinlein
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