Govern a great country as you would fry a small fish: do not poke at it too much.
-- Lao Tzu
Tuesday, December 25, 2007
Tuesday, December 11, 2007
Animal Spirits!
Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits - a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.
-- Keynes, The General Theory of Employment, Interest and Money
-- Keynes, The General Theory of Employment, Interest and Money
Libertas
LIBERTATEM QUAM PEPERERE MAIORES DIGNE STUDEAT SERVARE POSTERITAS
Posterity should strive to preserve the freedom that the ancestors won.
-- Hamburg Town Hall inscription
Posterity should strive to preserve the freedom that the ancestors won.
-- Hamburg Town Hall inscription
Friday, December 7, 2007
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