Politics

Quote 207

"In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way [money is created] is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower's bank account, thereby creating new money."

— Bank of England ("Money creation in the modern economy")

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Quote 200

"What's true? What's false? In case you haven't noticed, the world has pretty much given up on the old Enlightenment idea of piecing together the truth based on observed data. Reality is too complicated and scary for that. Instead, it's way easier to ignore all data that doesn't fit your preconceptions and believe all data that does. I believe what you I believe, and you believe what you believe, and we'll agree to disagree. It's liberal tolerance meets dark age denial-ism. It's very Hip right now."

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Quote 198

"They're not protesting me, per se. Not my company, specifically. More like the world that brought my company into being. Multinational. Globalization. Capitalism. The ninety-nine percent is, I believe, their catchphrase."

"Occupy Wall Street."

"That's the one. Pretty grandiose name, if you ask me. They are not occupying Wall Street so much as a small rectangle of concrete about a thousand feet away from it."

"I think the name is symbolic."

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Quote 197

"Nobody in this country knows how to talk about class. America is like a giant manor estate where the aristocrats don't know they're aristocrats and the peasants imagine themselves undiscovered millionaires."

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Quote 192

"...that historic document had been crafted which guaranteed for all Russians freedom of conscience (Article 13), freedom of expression (Article14), freedom of assembly (Article 15), and freedom to have any of these rights revoked should they be "utilized to the detriment of the socialist revolution" (Article23)!"

-- Referring to the Russian Constitution written by the Party Congress after the Revolution

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