by Dr. Constantin Gurdgiev, 10 march 2009
Limbering through crises since the end of 2007 (for its was painfully clear, following the credit markets stalling in July-August 2007, that the near future promises no prospect of continuity of the orgy of credit and debt that we partook in from the beginning of this century) we now have reached that state of nature where the Government is, once again, embarking on an effort to ‘do something’ about the economy. The latest promise is that of a mini-Budget 2009 by the end of this month.
It reminds one of a famous fable about Albert Einstein’s last exam. Upon being told that his final pre-retirement term paper in physics contained the same questions as those posited on the previous year exam, Einstein remarked: “Ah, yes, the questions are the same. The answers, however, have changed”. Link to article
