H. L. Mencken comments on the ECB

I just found this wonderful quote from the American journalist and freethinker Henry Louie Mencken on “Puritanism” (“A Mencken Chrestomathy” (1949):

“The haunting fear that someone, somewhere, may be happy” (from “A Mencken Chrestomathy” 1949)

He could have been talking about European monetary policy or maybe even the majority of Swedish central bank board members…at least Gustav Cassel would have agreed.

Beckworth and Sumner – testimony on Capital Hill

Have a look at our two friends David Beckworth and Scott Sumner talking in Washington DC – see here.

Just back from two weeks of vacation in Malaysia – it is healthy to get away from the markets for a sometime, but I will be back to traveling soon again. Friday I will be in Stockholm talking about monetary policy failure to hedge funds and next week I will be back in Iceland on the invitation of the Icelandic bank Islandsbanki. So it is back to work…

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