Showing posts with label Economic stimulus. Show all posts
Showing posts with label Economic stimulus. Show all posts

Saturday, February 14, 2009

Faith vs Confidence

...it is not so much an economic crisis but a crisis of confidence in the frightening mathematics. Financial instruments and currency are a form of instant contract - they assume faith - but the gambler, the criminal, the banker - they lose the concept of money as value as they are no longer participating in the “being a part of responsible humanity” model.

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Friday, February 6, 2009

Stimulus Irony

...the very quickly bailed out financial institutions see hope in the fact that people may stay in their jobs through the progress of the crisis their inventions created. That they have confidence in the bailout - that the fruits of capital investment are given a little kick by putting money in the hands of their customers - is logical but quite ironic.

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