Bret Swanson - Maximum Entropy » Quote of the Day http://www.bretswanson.com tech, econ, Web, China, stocks, Fed, energy, IP, Moore, bandwidth, exaflood Fri, 27 Aug 2010 20:11:29 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Quote of the Day http://www.bretswanson.com/index.php/2010/07/quote-of-the-day-51/ http://www.bretswanson.com/index.php/2010/07/quote-of-the-day-51/#comments Fri, 16 Jul 2010 15:35:35 +0000 admin http://www.bretswanson.com/?p=1685 “I’m waiting for Spain to melt down the World Cup to pay off its debts, or more seriously, real defaults from Spain, Greece and maybe California and New York. Let’s get on with it and put the structural reforms behind us. That would be a true buy signal.”

— Andy Kessler, July 16, 2010

]]> http://www.bretswanson.com/index.php/2010/07/quote-of-the-day-51/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2010/05/quote-of-the-day-50/ http://www.bretswanson.com/index.php/2010/05/quote-of-the-day-50/#comments Sat, 22 May 2010 03:35:23 +0000 admin http://www.bretswanson.com/?p=1673 “A currency union is strongest without fiscal union.”

— John H. Cochrane, May 18, 2010, in a terrific commentary on the Greek crisis and the European Union

]]> http://www.bretswanson.com/index.php/2010/05/quote-of-the-day-50/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-48/ http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-48/#comments Sun, 28 Mar 2010 00:01:21 +0000 admin http://www.bretswanson.com/?p=1635 “Architects of the legislation that binds the nation’s communications infrastructure in the year 2010 were born in the 1870s and 1880s. There is talk today in Washington about categorizing technologies and platforms developed in the 21st century under different Titles of legislation written by people born in the 19th century. We don’t need to jettison all the wisdom of the ancients, but perhaps there’s a better way?”

— Nick Shulz, at the Enterprise Blog, March 25, 2010

]]> http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-48/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-47/ http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-47/#comments Fri, 19 Mar 2010 16:57:33 +0000 admin http://www.bretswanson.com/?p=1618 “If we determine that a dollar shall be our unit, we must then say with precision what a dollar is.”

— Thomas Jefferson, 1784, as quoted by Judy Shelton

]]> http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-47/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-46/ http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-46/#comments Fri, 12 Mar 2010 03:26:43 +0000 admin http://www.bretswanson.com/?p=1588 “No moment in technology history has ever been more exciting or dangerous than now. The Internet is like a new computer running a flashy, exciting demo. We have been entranced by this demo for fifteen years. But now it is time to get to work, and make the Internet do what we want it to . . . .

“Practical business: who will win the tug of war between private machines and the Cloud? Will you store your personal information on your own personal machines, or on nameless servers far away in the Cloud, or both? Answer: in the Cloud. The Cloud (or the Internet Operating System, IOS — ‘Cloud 1.0′) will take charge of your personal machines. It will move the information you need at any given moment onto your own cellphone, laptop, pad, pod — but will always keep charge of the master copy. When you make changes to any document, the changes will be reflected immediately in the Cloud. Many parts of this service are available already.”

— David Gelernter, “Time to Start Taking the Internet Seriously”

]]> http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-46/feed/ 0 Quote of the Day II http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-ii-2/ http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-ii-2/#comments Thu, 04 Mar 2010 04:49:45 +0000 admin http://www.bretswanson.com/?p=1580 “Only someone who has Asperger’s would read a subprime-mortgage-bond prospectus.”

— Dr. Mike Burry, in an excerpt of Michael Lewis’s new book The Big Short.

]]> http://www.bretswanson.com/index.php/2010/03/quote-of-the-day-ii-2/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2010/02/quote-of-the-day-42/ http://www.bretswanson.com/index.php/2010/02/quote-of-the-day-42/#comments Thu, 04 Feb 2010 02:32:08 +0000 admin http://www.bretswanson.com/?p=1493 “Rationing happens today! The question is who will do it.”

— Rep. Paul Ryan, February 2, 2010, in a terrific interview on health care reform that drills to the center of the debate.

Also see:

]]> http://www.bretswanson.com/index.php/2010/02/quote-of-the-day-42/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2009/12/quote-of-the-day-39/ http://www.bretswanson.com/index.php/2009/12/quote-of-the-day-39/#comments Fri, 04 Dec 2009 17:10:35 +0000 admin http://www.bretswanson.com/?p=1434 “The irony of the zero-rate policy, coupled with Washington’s preference for a weak dollar, is a glut of American capital in Asia (as corporations and investors shun the weakening U.S. currency) and a shortage at home. For gold and oil, the low-rate policy works, weakening the dollar so commodity prices go up and providing traders with ample funds to buy into the expanding bubble. Those markets are almost daring the Fed to try to break out of its zero-rate box.

“But for small businesses and new workers, capital rationing is devastating, spelling business failures and painful layoffs. Thousands of start-ups won’t launch due to credit shortages, in part because the government and corporations took more credit than they needed (because it was so cheap).”

— David Maplass, The Wall Street Journal, December 4 2009

]]> http://www.bretswanson.com/index.php/2009/12/quote-of-the-day-39/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2009/11/quote-of-the-day-38/ http://www.bretswanson.com/index.php/2009/11/quote-of-the-day-38/#comments Thu, 26 Nov 2009 12:57:24 +0000 admin http://www.bretswanson.com/?p=1427 “O Lord that lends me life,
Lend me a heart replete with thankfulness.”

— William Shakespeare

]]> http://www.bretswanson.com/index.php/2009/11/quote-of-the-day-38/feed/ 0 Quote of the Day http://www.bretswanson.com/index.php/2009/10/quote-of-the-day-37/ http://www.bretswanson.com/index.php/2009/10/quote-of-the-day-37/#comments Wed, 28 Oct 2009 20:54:13 +0000 admin http://www.bretswanson.com/?p=1392 “I hope that they (government regulators) leave it alone . . . The Internet is working beautifully as it is.”

— Tim Draper, Silicon Valley venture capitalist, who along with many other SV investors and executives signed a letter advocating new Internet regulations apparently unaware of its true content.

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