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  • When rich guys' superstitions pose a public threat(Gates & Buffett talk down the dollar at Davos)

    02/22/2005 1:10:44 PM PST · by The Loan Arranger · 20 replies · 958+ views
    Townhall.com ^ | February 21, 2005 | Jack Kemp
    According to USA Today, "Our greatest businessmen (Bill Gates and Warren Buffett) think we are doomed to fail." Gates demonstrated his pessimism in an interview at the World Economic Forum in Davos, Switzerland, when he told reporters, "I'm short the dollar. ... The ol' dollar, it's gonna go down." It's not surprising that the world's richest man came down from the Alps pessimistic. The misconceptions, myths and superstitions that pass for sound economics in Europe these days remind us that while socialism may be dead as a political force in the world, its zeitgeist of radical egalitarian leveling, gigantic government...