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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (35734)	7/11/2005 2:53:11 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

Nobel Prize winner William Shockley says people with Italian names or darker skin are genetically inferior. It must be true because Shockley won the Nobel Prize. Unlike Shockley, who won a Nobel Prize, Schwartz and Friedman won the Post Toasties Prize for the Most Creative Use of Post Toasties in an Original Recipe. Since Alfred Nobel did not create a prize for central banking economics, the Central Bank of Sweden did. They dedicated their central banking prize to Alfred Nobel -- in much the same way that Chinese manufacturers dedicate their pirated software to Microsoft by printing up their own Microsoft labels. By writing a book which claims "the problems caused by excessive debt can be solved with even more debt creation by a central bank", Anna Schwartz and Milton Friedman won the Central Banking Economics Prize for the Most Creative use of Central Banking in an Original Economic Recipe. If claiming "more debt solves the problems caused by excessive debt" doesn't win that prize, something is seriously wrong with the contest. Consider the source. .