Jul 21, 2010

Scott Angelle on alternative energy

America's not ready to get all of its energy from the birds and the bees and the forests and the trees.

~ Lt. Gov. Scott Angelle, (D) Louisiana, as appeared on CNBC's Squawk Box, July 21, 2010

Scott Angelle on the Obama administration's deepwater drilling moratorium

Is it coincidental that the moratorium ends 25 days after the next election?

~ Lt. Gov. Scott Angelle, (D) Louisiana, as appeared on CNBC's Squawk Box, July 21, 2010

Jul 19, 2010

The London Times on the Civil War

Democracy broke down, not when the Union ceased to be agreeable to all its constituent States, but when it was upheld, like any other Empire, by force of arms.

~ The London Times, 1865

Civil War Centennial - Appomattox
1865-1965

Jul 16, 2010

Hans Sennholz on war and peace

Peace is the natural state of man, war the temporary repeal of reason and virtue.

~ Hans Sennholz

Jul 14, 2010

Nassim Taleb on banking and failure

I want banks to be inconsequential. In other words, they can make all the mistakes they want without dragging in the rest of us. I like a society in which people can make mistakes, in which, when a bank makes a mistake, they get destroyed. Because evolution teaches by destroying. I want to live in a society in which banks can make all the mistakes and hire all the risk managers they want. All these idiots can do whatever they want without it affecting me.

~ Nassim Taleb, NYU professor and author of The Black Swan, "Interview by Tom Keene," Bloomberg Markets, August 2010


Nassim Taleb on responses to the credit crisis and the buildup of public debt

We are now in a situation in which a patient discovered he had cancer a year and a half ago and all we've been giving him is painkillers. The tumor is worse today, and it's getting worse because we're transforming private debt into public debt, and public debt is not manageable.

~ Nassim Taleb, NYU professor and author of The Black Swan, "Interview by Tom Keene," Bloomberg Markets, August 2010

Victor Hugo on the power of ideas

More powerful than armies is an idea whose time has come.

~ Victor Hugo

France 303, MNH. Victor Hugo, French poet, novelist, and dramatist, 1935