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Wednesday, October 5, 2011

Lessons Learned from the US / EU Financial Crisis:

The most succinct summation of the breakdown of monetary logic following the financial crisis: 
That there is no price to be paid for spending money wastefully, no risk in lending to the reckless and no point in saving your money since it will be confiscated to pay for the folly of those who have not.
                             -James Whyte, philosopher and Senior Fellow fo the Cobden Centre and author of Crimes Against Logic. Posted on BBC news.

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