My own personal Free Speech Zone.
“To change your mind and to follow him who sets you right is to be nonetheless the free agent that you were before.” — Marcus Aurelius
“When the facts change, I change my mind. What do you do, sir?” — John Maynard Keynes
“Why should you mind being wrong if someone can show you that you are?” — A.J. Ayer (attributed)
Thursday, December 15, 2011
We Are Not On The Gold Standard
One simply cannot pretend to understand issues of macroeconomics (the so-called "debt crisis" chief among them) if one does not understand this fact and its significance. Please read this.