J. Orlin Grabbe Quote

“Free lunch strategies have a habit of self-destructing. The Swiss economist Eugene Boehler had the context of such false and unsustainable images in mind when he noted that the 'modern economy is as much a dream factory as Hollywood.' It is based only a small part on real needs, and for the greatest part on fantasy and myth, he claimed. The stock exchange, far from ruling economic life, is at the mercy of tides of collective make-believe. Depressions come about when there is a loss of economic myth - (Eugene Boehler 'Der Mythus in der Wirtschaft,' Industrielle Organization, XXXI, 1962.)”

~ J. Orlin Grabbe

'The Collapse of the New World Order'

Ratings and Comments

Waffler, Smith, Arkansas

I think this agrees with what I was saying yesterday about confidence etcetera. While there are scams and theives it is not the major cause, the cause is confidence or lack thereof. What the mind can conceive it can create, if we see happy days, happy days will come to us.


Life is not about producing widgets it's about widgets producing life.

warren, olathe

Depressions come about when a Government decides to create a new deal (socialism) in answer to a recession.

Waffler, Smith, Arkansas

robkenSRQ are you suggesting that we can live free and easy at hands of robots?


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