Wednesday, November 9, 2011

Clever and wise

I just opened my iGoogle page and saw two things:

1. All the news headlines about the Euro-crisis
2. A quote from Albert Einstein (from my daily quote gadget): "A clever person solves the problem. A wise person avoids it."

The thing is: getting the government out of regulations of the economy is both clever and wise. It would cure the existing problems by allowing the capital in the markets to flow back to the proper targets (something that the politicians' regulations and attempts to "solve" the problem is actually preventing). It would also make sure that the future crises do not happen.

More reading: "Real Causes of Boom-and-Bust Cycle".

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