Tag: economists

QUOTES OF THE DAY

“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.”

Laurence J. Peter

“The job of the Federal Reserve is ‘to know when to remove the punch bowl at the party.’ Under Alan Greenspan’s leadership its motto became let’s all get drunk and see what happens.”

Said Elias Dawlabani

“I would not look to the U.S. Constitution, if I were drafting a Constitution in the year 2012. I might look at the Constitution of South Africa, it embraced basic human rights.”

Ruth Bader Ginsburg

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The Fury of the Central Planners

Guest Post by The Zman

When I was out in the provinces last month, I watched a bit of the BBC and SkyNews. One of the things I found humorous about the news coverage was the hyperventilating about Brexit. Every story had a Brexit angle, even the local interest stuff. The general impression I got from the news presenters was that they were having a tough time keeping it together. At any moment they could break down into sobbing over the horrors of Brexit. If you did not know better, you would think Brexit was code for re-opening Auschwitz.

All the prophesies about the disasters that would befall the world, if the snaggletoothed yokels voted to leave Europe, have not come to pass. In fact, the early returns suggest it has been a net positive for the Brits. Time will tell how it all unfolds as there is a lot that has yet to happen. Even so, the results thus far are making the Remain side look rather foolish. Instead of accepting this reality, the true believers are carrying on like Godzilla is about to cross the Channel and attack London, because of Brexit.

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