Monday, March 9, 2009

More wisdom from history….

Observing that fear mongering and fix it rhetoric are exactly the means by which not to repair the trust which has broken down in the financial sector, Professor Bruce Yandal (of bootleggers and Baptists fame) finished a recent piece with this:

We are in a time where silence would be golden. This is a time to clear the path and leave it alone. This novel idea was popularized in the 1750s by Vincent de Gournay, according to Wikipedia. It was Gournay who said “laissez faire et laissez passer,” or let it alone and let it pass.

We could do worse than follow the advice…..

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