Economics quote of the day...

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From the late Ronald Coase (via The Enlightened Economist):

“The problem is that economists seem willing to give advice on questions about which we know very little and on which our judgements are likely to be fallible, while what we have to say that is important and true is quite simple – so simple that little or no economics is required to understand it.” 

Ah, that macroeconomics again!

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Gordon Brown Quote of the day...

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"I have made it absolutely clear what my views are: we cannot have people standing as candidates for the Labour Party who express these views...."

Gordon brown quoted in Daily Mail

"...there's an infinite amount of money out there,"

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Was rather tickled by this quote from Neal Stephenson's magnificent, "Anathem":


"I hadn't known that," I said. "I always tend to assume there's an infinite amount of money out there."

"There might as well be," Arsibalt said, "but most of it gets spent on pornography, sugar water and bombs. There is only so much that can be scraped together for particle accelerators."

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