[ a fully caused & embodied blog ] [ Good Sense Without God ]
It is in the prosecution of some single object, and in striving to reach its accomplishment by the combined application of his moral and physical energies, that the true happiness of man, in his full vigour and development, consists. Possession, it is true, crowns exertion with repose; but it is only in the illusions of fancy that it has power to charm our eyes. If we consider the position of man in the universe,—if we remember the constant tendency of his energies towards some definite activity, and recognize the influence of surrounding nature, which is ever provoking him to exertion, we shall be ready to acknowledge that repose and possession do not indeed exist but in imagination. - Wilhelm von Humboldt, The Sphere and Duties of Government (The Limits of State Action) (1854 ed.)
Friday, October 3, 2008
Nouriel Roubini: Financial and Corporate System is in Cardiac Arrest: The Risk of the Mother of All Bank Runs
House Passes Bailout Bill
Here is the vote: Wu voted for it. Gotta call and make my displeasure known.
Paul Craig Roberts: Why Paulson's Plan is a Fraud
Paul Craig Roberts: Can a Bailout Succeed?
Mike Whitney: Why the Bailout Stinks