Wednesday, October 15, 2008

M. Moldbug Does It Again.

Best. Quote. About banking. Ever.

The Misesian explanation of the bank crisis

A banking system is like a nuclear reactor: a complicated piece of engineering. If it's engineered right, it works 100% of the time. If it's engineered wrong, it works 99.99% of the time, and the other 0.01% it coats the entire tri-state area in radioactive strontium.


1 comment:

Rebecca Hamilton said...

"Where's the kaboom? There was supposed to be an earth-shattering kaboom!" - Marvin the Martian

Just you wait, Marvin, there's about to be.