The Planet Will Continue To Cook.

Debt Is One Person's Liability, But Another Person's Asset.

I'm Especially Baffled By The Idea Of Taking Insurance Against A U.s. Default. If America Defaults, We're Talking About A Chaotic World - Mad Max, More Or Less - In Which Case, Who Imagines That Insurance Claims Will Be Honored?

Under The Gold Standard America Had No Major Financial Panics Other Than In 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, And 1933.

Seven Habits That Help Produce The Anything-but-efficient Markets That Rule The World. 1. Think Short Term. 2. Be Greedy. 3. Believe In The Greater Fool 4. Run With The Herd. 5. Overgeneralize 6. Be Trendy 7. Play With Other People's Money

The Obama Campaign Seems Dangerously Close To Becoming A Cult Of Personality.