Most of Our Problem, Still, Is That We Have a Dead Battery: Felix Salmon is WRONG Edition
pdacosta: Treasuries Tank on Less-Horrific-than-Forecast Jobs Data

Quore of the Day: October 7, 2011: Debauching the Currency

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some."

--John Maynard Keynes: The Economic Consequences of the Peace