Sunday, December 16, 2012

"Babes Shall Rule Over Them. And The People Shall Be Oppressed."


"And I will give children [to be] their princes, and babes shall rule over them.


"And the people shall be oppressed, every one by another, and every one by his neighbour: the child shall behave himself proudly against the ancient, and the base against the honourable."

-- Isaiah 3:4f.


"Ben Bernanke and other central bankers, like promiscuous parents, compensate and indulge political leaders acting irresponsibly in their stewardship of national economies.


"Sooner or later spoiled children turn out badly, and economies juiced with too much money have their bubbles, inflation and collapse.

"This will all end badly."

-- Peter Morici, Smith School of Business, University of Maryland, here