Thursday, 29 January 2009

Economics and a Black Swan

I came across this quote from an economist,and thought it was rather farseeing,so for the politically minded here it is.
"Owners of capital will stimulate the working class to buy more and more of expensive goods,houses and technology,pushing them to take more and more expensive credits,until their debt becomes unbearable.
The unpaid debt will lead to bankruptcy of banks,which will have to be nationalised and the State
will have to take the road which will eventually lead to communism."
Now tell me who that is a quote from, and what year to within 5 years.
To more mundane matters the weather contrary to the forecast has been lovely sunny day and 6 centigrade,though it is said to be colder this weekend and possible snow showers.
Sheila is reading a book by Giorgio Locatelli an Italian Chef,and inside is a photo of our old friend Mauro, or if not he has a double.if we can get the scanner to work I will send it to Gina and see what she thinks.
The hens are clearing the ditch at the south side of the little house on the prairie,so I shall not have to strim it in spring,we called in at the trout farm in Withern and he fished us two massive ones out of the river,I don't think you can get fresher than that,we chatted with the owner and his wife about hens as they have about a dozen,which they keep in a little old touring caravan,they used to have a black swan on the river but it seems it just flew away one day and never came back,it's believed to be" swanning around "somewhere in Lincolnshire!!!!!?????
Poor Montana Mike is whittled over his heart beat,I would have thought if its beating you are alive,if not you are dead, all seems fairly straightforward to me,I seem to remember Tommy Simpson the cyclist dropping dead on an alpine climb,so maybe its not a good idea to cycle too fast?
Thats it for now Cloudy Scrumpy Cider is in the fridge so Cheers

2 comments:

Mike Saif said...

Interest economic quote. I would say around 1920 but have no clue who said it.

Mary Sue said...

I tried to look up the quote...was it Marx?