Tuesday 28 October 2008

The New Economy

Also from The Week's Wit & Wisdom, courtesy of Bob Battle in the Washington Times:

If you had purchased $1,000 of shares in Delta Airlines one year ago, you will
have $49 today. If you had purchased $1,000 of shares in AIG one year ago, you
will have $33. If you had purchased $1,000 of shares in Lehman Brothers, you
will have $0. But if you had purchased $1,000 worth of beer one year ago, drank
all the beer, then turned in the aluminium cans for a
recycling refund, you
would have $214.

And you would have drunk a lot of beer into the bargain. Brilliant!

Libertarianism in a sentence

I don't always read the Wit & Wisdom in The Week, but I'm glad I did this week.

There was a wonderful quote from PJ O'Rourke, which beautifully sums up a lot of libertarianism:

A government big enough to give you everything you want is also big enough
to take it all away.

Thursday 16 October 2008

Quis custodes custodiet?

Or who guards the guards? In the current financial crisis, this is just too funny!