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To: Texas Fossil

Well, it can happen but I see that only after we go full bore hyperinflation until money has no meaning because we are so broke. The school of hard knocks seems to be the only way people as a whole learn or wake up from their trance when the culture has descended down into complete depravity.


34 posted on 02/17/2013 6:36:20 PM PST by DarkWaters ("Deception is a state of mind --- and the mind of the state" --- James Jesus Angleton)
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To: DarkWaters

Learn? We have a steep learn curve.

“Essays on Political Economy”

By the late M. Frederic Bastiat(1874)

http://www.gutenberg.org/files/15962/15962-h/15962-h.htm

-That Which Is Seen, and That Which Is Not Seen-

“This explains the fatally grievous condition of mankind.

Ignorance surrounds its cradle: then its actions are determined by their first consequences, the only ones which, in its first stage, it can see.

It is only in the long run that it learns to take account of the others.

It has to learn this lesson from two very different masters—experience and foresight.

Experience teaches effectually, but brutally. It makes us acquainted with all the effects of an action, by causing us to feel them; and we cannot fail to finish by knowing that fire burns, if we have burned ourselves.

For this rough teacher, I should like, if possible, to substitute a more gentle one.

I mean Foresight. For this purpose I shall examine the consequences of certain economical phenomena, by placing in opposition to each other those which are seen, and those which are not seen.”


36 posted on 02/17/2013 6:59:37 PM PST by Texas Fossil
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