If we would know the power of truth we must emphasize it. Creedal truth is coal lying inert in the depths of the earth waiting release. Dig it out, shovel it into the combustion chamber of some huge engine, and the mighty energy that lay asleep for centuries will create light and heat and cause the machinery of a great factory to surge into productive action. The theory of coal never turned a wheel nor warmed a hearth. Power must be released to be made effective.--A.W. Tozer
But what’s made the task [of reforming healthcare] even more difficult is that American politicians—as well as American voters—have a confused, and often contradictory, set of beliefs about how health insurance should work. ... measuring risk, and setting prices accordingly, is the raison d’ĂȘtre of a health-insurance company. The way individual insurance works now, risk and price are linked. ... Congress is effectively making private insurers unnecessary, yet continuing to insist that we can’t do without them.--James Surowiecki
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Monday, December 28, 2009
Quotes of the day
Labels:
bias,
Congress,
corporations,
healthcare,
quotes,
risk,
unintended consequences
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