The very essence of democracy encourages everyone to express opinions about human activities that are none of their business.--Louis Carabini
We should have a recession. People who spend their lives pounding nails in Nevada need something else to do.--John Cochrane
With the Long-Term Capital bailout as a precedent, creditors came to believe that their loans to unsound financial institutions would be made good by the Fed — as long as the collapse of those institutions would threaten the global credit system. Bolstered by this sense of security, bad loans mushroomed.--Tyler Cowen
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 29, 2008
Quotes of the day
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