"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works."
And it is destroyed by inflation...which means printing more and more worthless paper tickets. That's what a "bail out" is... -- J Carlton, Calgary
And your money buys less and less and,hey, isn't that like a hidden tax. Why I believe it is. -- jim k, Austin, Tx
Panics are usually the technique for squeezing the last juice out of the lemon -- then they bail out the very guys who make it happen, over and over and over... -- E Archer, NYC
