Monday, January 25, 2010

The honor of the State

“It is forbidden to kill; therefore all murderers are punished unless they kill in large numbers and to the sound of trumpets.” - Voltaire

Friday, January 22, 2010

Omne ens scibile

"The study of philosophy is conducted along two lines, one concerned with action, the other with pure thought—hence they may be called practical and speculative philosophy, the former dealing with the conduct of life and the establishment of moral standards, the latter concerned with the theory of causation and the nature of absolute truth. Socrates is the type of excellence in practical wisdom, while Pythagoras concentrated on the contemplative, for which he was equipped by his intellectual power."
—Augustine, City of God, VIII, c . 4.

Fall from the low

„Der wahre Weg geht über ein Seil, das nicht in der Höhe gespannt ist, sondern knapp über dem Boden. Es scheint mehr bestimmt stolpern zu machen, als begangen zu werden.“ Franz Kafka

Thursday, January 21, 2010

Knowing the limits of knowledge is true knowledge

Friedrich A. Hayek (1988, 76):
"The curious task of economics is to demonstrate to men how little
they really know about what they imagine they can design."

Tuesday, January 12, 2010

How nations fall by unsound money

“Nations are not ruined by one act of violence, but gradually and in an almost imperceptible manner by the depreciation of their circulating currency, through excessive quantity."
- Nicolaus Copernicus - 1525

Monday, January 11, 2010

The experts speak

"No one will need more than 637 kb of memory for a personal computer—640K ought to be enough for anybody," Bill Gates, Microsoft, 1981

Sunday, January 3, 2010

Buy gold

"I would buy every three months some gold and not worry so much about the price because the weight stays the same." -Marc Faber