Dec 29, 2014

Jeff Berwick on anarchy vs. slavery

All the word "anarchy" means is no rulers.  So, if you say you are not an anarchist it means you do not want a ruler.  If you want a ruler you are a slave.  I'm surprised how many people are comfortable publicly identifying themselves as slaves.

~ Jeff Berwick

Dec 8, 2014

Christine Lagarde on the impact of sharply lower energy prices on the global economy

There will be winners and losers, but on a net-net basis, it’s good news for the global economy.

~ IMF Managing Director Christine Lagarde at The Wall Street Journal CEO Council annual meeting, week of December 1-5, 2014

(The IMF attributes roughly 80% of the fall in oil prices to supply-side causes, such as fuel-efficiency standards and decisions by the Organization of the Petroleum Exporting Countries, and only 20% to declining demand from slowing growth.)