Tim Price On One Of The Most Overlooked Aspects Of The Financial Crisis
Submitted by Tyler Durden on 03/07/2012 - 14:55 Bond European Central Bank Nobel Laureate The Economist
An engineer, a biologist and an economist are washed ashore on a desert island. After a few days without food they are starving. Eventually, they stumble on a can of beans on the beach. They spend a few minutes considering how they might feed themselves. The engineer is the first to speak: "We could hit the can with a rock until it opens." The biologist counters, "We could suspend the can in a seawater solution and wait for erosion to work its magic." The economist is last to contribute: "Let's just assume we have a can-opener." OK, so it's not the funniest joke in the universe. But it has the ring of truth.
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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.