"Fiat money is backed by men with guns; Bitcoin is not. So why should this thing have any value?"--Uber statist economist Paul Krugman.
Sunday, March 23, 2008
My favorite understatement of the day (maybe decade) . . .
. . . I found in a 2004 report by the National Institute of Standards and Technology (who knew we had one?) on the collapse of the World Trade Center twin towers on September 11. After spending millions of taxpayer dollars to assess the structural aspects of the collapse, NIST led with the following sentence as its primary conclusion:
Buildings are not specifically designed to withstand the impact of fuel-laden commercial airliners.