[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

Every debt is ultimately paid, if not by the debtor, then eventually by the creditor.

Credit is money of the mind.

In almost every walk of life, people buy more at lower prices; in the stock market they seem to buy more at higher prices.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.