“If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?” IfsThinkingWorldStillsRealActingAttentionEconomySawsEconomicTruth IsCrisisKillingPay AttentionFlatsOne TimeMortgageGlobal EconomyEconomic CrisisSyncReal TruthWorld Is FlatMortgage Crisis Author:Thomas Friedman
“We have reached a profound point in economic history where the truth is unpalatable to the political class - and that truth is that the scale and magnitude of the problem is larger than their ability to respond - and it terrifies them.” ProblemPoliticalAbilityClassEconomicTruth IsProfoundScalesMagnitudeEconomic History Author:Hugh Hendry
“The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.” PeopleThinkingWayNeedsSpeakSocialResultsEconomyEconomicFiguresTruth IsMassStandardsCapitalismHistoricalPopulationBeneficialUnprecedentedStandards Of LivingEpitaphMarket EconomySocial SystemsPropagandistWrens Author:Ludwig von Mises