Timothy Kreider, We Learn Nothing
Q. If you could travel back in time and change something in the financial world that would benefit society, what would it be?
A. I would go back in time to help Alan Greenspan achieve a wonderfully rewarding career as a professional clarinetist. And then I would skip forward ten years or so and stop the Bankers' campaign to repeal Glass-Steagall.
Jesse, Interview with MindfulMoney.UK, August 2012
"The deceived masses are today captivated by the myth of success even more than the successful are. Immovably, they insist on the very ideology which enslaves them. The misplaced love of the common people for the wrong which is done to them is a greater force than the cunning of the authorities.
The inability to identify with others was unquestionably the most important psychological condition for the fact that something like Auschwitz could have occurred in the midst of more or less civilized and innocent people."
Theodor Adorno, Dialectic of Enlightenment
Stocks ran through a quick 'wash and rinse' cycle.
What a surprise.
The Dollar edged slightly higher.
Gold and silver gave back some recent gains.
Consumer inflation data tomorrow.
Have a pleasant evening.
