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

To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.

Credit is money of the mind.

The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.

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?

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

Progress is cumulative in science and engineering, but cyclical in finance.