“Economists measure quantity. Alas, life is not all quantifiable. What really matters is quality. Right now, the Fed tries to control prices. But prices are only a part of the picture. When it comes to art, architecture, music, puppies and women – it’s what strikes the senses that matters…what you see, hear, and feel. But when it comes to your money, what you see is not exactly what you get. Price tells you something. But it doesn’t tell you all you need to know. Why? We’re so glad you asked…”
(Visited 38 times, 1 visits today)
Related posts:
Bill Bonner: Why the Fed’s ‘Taper’ Won’t Work
Jacob Hornberger: Why Kennedy Had to Be Removed
The Economics Behind the U.S. Government's Unwinnable War on Drugs
Paul Craig Roberts: The Missing Recovery
Michael Scheuer: Obama, Rice, Kerry, McCain, and Graham intervening for more war
David Galland: Welcome to the Company Store
Few Dare Discuss Social Security and the Decline in Full-Time Employment
How Rigid Alliances Have Locked Us Into Unwanted Conflicts
The Dark Side of Technology
Fifty States of Fear
The Ultimate Layer of Financial Protection
BusinessWeek: The Death of Equities [1979]
Mass State Surveillance Not About Privacy
Officer Safety Uber Alles: Christopher Dorner and the "Rickoverian Paradox"
Bill Bonner: Davos Without the Hookers (Part II)