'Europe’s deepest problem is bad ideas. Unpleasant price movements represent “illiquidity", ”speculators" ,”market manipulation", ”lack of confidence” and “contagion,” not the hard reality of looming default. The point of policy is to “calm markets” and “provide confidence”, not to solve financial problems. When the price of bread rose in their revolution, the French took bakers to the guillotine. They got more inflation, and less bread. When their descendants saw bond prices falling, they passed restrictions on short sales. They got lower prices, and less liquidity. This is not a temporary market dislocation. This debt will not be paid back. Greece and the others might well rather default.'...septembrie 30, 2011
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'Europe’s deepest problem is bad ideas. Unpleasant price movements represent “illiquidity", ”speculators" ,”market manipulation", ”lack of confidence” and “contagion,” not the hard reality of looming default. The point of policy is to “calm markets” and “provide confidence”, not to solve financial problems. When the price of bread rose in their revolution, the French took bakers to the guillotine. They got more inflation, and less bread. When their descendants saw bond prices falling, they passed restrictions on short sales. They got lower prices, and less liquidity. This is not a temporary market dislocation. This debt will not be paid back. Greece and the others might well rather default.'...
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Cea mai mare problema a europei este ... Europa asta mare: bogati cu saraci, tâmpiti cu destepti la gramada, ordinea cuvintelor nu-i întâmplatoare.
In 'Présent Passé, Passé Présent' (1968) , E.Ionescu, scria : "Poate că s-a terminat cu rasa albă. Unii susţin acest lucru, eu sînt dispus să-i cred. Să se termine, oh, să se termine cu francezii ăştia necredincioşi dar creduli, cu secăturile de italieni, cu germanii feroci şi stupizi, cu englezii, cînd nebuni, cînd apatici, cu americanii idiot de optimişti, cu ruşii cruzi şi mistici, faţă de ce mistici? Mistici ai cruzimii. "
Pai, dupa cum vad eu, a si început sa se întâmple asa.
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