Elliott's Insights

(via ReligiON, ReligiOFF)

"We live in a world that seems to have abandoned the concept of savings and investment as the source of real wealth and economic growth. Financial markets clamour for more cheap money creation on the part of central banks. Hopes of further quantitative easing from the Fed, the Bank of England, or the Bank of Japan – or further longer-term refinancing operations from the ECB – buoy markets, while decisions not to intervene can cause stocks to plummet. Policy makers focus on spurring consumption, while ignoring production. The so-called capitalists have forgotten that capital cannot be created by government fiat."

Our central bankers are intellectually bankrupt

(via 4 Ways The Gay Marriage Debate Has Been Rigged)

This kind of story is why hoaxes like Pasting are created.

(via Instapaper)

(via Instapaper)

"As Greece stands at the precipice of the abyss, democratic socialists throughout Europe and the Obama administration here in America are still screaming that the problem is that the wealthy refuse to pay their “fair share” in taxes. If we can learn anything from this Greek tragedy, it is that Greece demonstrates to the world the intractable hardness of the heart of mankind; that progressives and socialists are so arrogant and their hatred of God, rationalism, market capitalism and common sense so intractable, that all of the hundreds of billions of drachmas and now euros Greece has spent on social welfare programs for the poor, sick and needy since becoming a modern nation in 1947 has only hastened its descent into economic Tartarus."

Greek tragedy 2012

A sad, if honest, post from the creator of perhaps my favorite TV show.

danharmon:

Kids:

A few hours ago, I landed in Los Angeles, turned on my phone, and confirmed what you already know. Sony Pictures Television is replacing me as showrunner on Community, with two seasoned fellows that I’m sure are quite nice - actually, I have it on good authority they’re quite nice, because…