New Thinking

"We can't solve problems by using the same kind of thinking we used when we created them."
-- Albert Einstein

"A great deal of intelligence can be invested in ignorance when the need for illusion is deep."
-- Saul Bellow

"Never ascribe to malice that which can be explained by incompetence"
-- Napoleon Bonaparte

"A lie told often enough becomes the truth"
-- Vladimir Lenin

Friday, November 14, 2008

Same old thinking: The Geniuses running the Federal Reserve Bank

From May 2008: "Chicago Federal Reserve Bank President Charles Evans on Monday reiterated his belief that the US economy will begin to turn around in the second half of this year."

It's now November 2008 (the second half of the year). The economy isn't turning around.
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