When judging the validity of a theory, it is empirical evidence that helps us decide its accuracy. Six months ago I was the only person who predicted a meltdown of the world economy of this magnitude. As knee jerk ad hoc measures are taken, which are no more than throwing hundreds of billions of dollars at the banks and hoping for the best.
I will now predict what will occur next The measures taken by central banks will do absolutely nothing to avert this meltdown. Nothing The recent gains by the stock markets will be wiped out within a week (more likely within a day or two) falling to new lows. When this happens, my predictions will be ignored and you will continue to chase your tails for a solution, while the solution is staring you in the face---you just don't like it. If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way. (bankrupt liberalism is its political manifestation) Bertrand Russell Men fear thought as they fear nothing else on earth -- more than ruin -- more even than death.... Thought is subversive and revolutionary, destructive and terrible, thought is merciless to privilege, established institutions, and comfortable habit. Thought looks into the pit of hell and is not afraid. Thought is great and swift and free, the light of the world, and the chief glory of man. Bertrand Russell --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
