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Re: The Economic recover: anyone willing to make a prediction?
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Originally Posted by charles brough
I can well imagine the Romans saying the same thing when inflation was out of control and Diacletian was bureauracrizing government and people were reverting to barter....or Confusian Scholars when paper money hyper-inflation was ruining the Chinese economy. Looking for a magical new way to create more money and pile up debt without suffering the consequences is like the knights riding off in search of the Holy Grail!
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Hi Charles,
Cicero said that 'the sinews of war are infinite money', obviously after they ditched the gold standard.
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Corollary to the Peter Principle: Once you have promoted all of your competents to their highest level of incompetence you must change your management philosophy from top down to bottom up, because the staff at the bottom are the only competent ones in your entire organisation.
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