Jim’s Quote of the Day:

“Naturally, as with every opportunity, equally true is the fact that the country is standing on the edge of a cliff which threatens to take us downhill if we do not move boldly forward with speed to address most our shortcomings.” – Zimbabwean Reserve Bank Governor Gideon Gono, describing Zimbabwe’s economy, in a speech on his monetary policy in late January, 2006. (This statement was a classic Freudian slip, since Zimbabwe’s economy is indeed “moving forward with speed” off  “the edge of a cliff.” The Zimbabwean dollar’s inflation rate recently jumped back up to 585%, and climbing.)










Jim’s Quote of the Day:

"This course is dedicated to the idiotic proposition that you can be taught the fundamentals of Organic chemistry, Inorganic chemistry, Qualitative analysis, Quantitative analysis, Physical chemistry, and Biochemistry all in one semester. The odds against any of you passing this course would be staggering to contemplate if there were any time for contemplation. However, there is not. Get out your notebooks." – Max Shulman in The Many Loves of Dobie Gillis










Jim’s Quote of the Day:

"Of course, our failures are a consequence of many factors, but possibly one of the most important is the fact that society operates on the theory that specialization is the key to success, not realizing that specialization precludes comprehensive thinking." – R. Buckminster Fuller, Operating Manual for Spaceship Earth, 1963










Jim’s Quote of the Day:

"We are apt to shut our eyes against a painful truth…For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth; to know the worst, and to provide for it. I have but one lamp by which my feet are guided; and that is the lamp of experience. I know of no way of judging the future but by the past. Let us not, I  beseech you, sir, deceive ourselves longer." – Patrick Henry, 1736-1799




Jim’s Quote of the Day:

“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost…A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.” – incoming Federal Reserve Chairman Ben S. Bernanke, Deflation: Making Sure ‘It’ Doesn’t Happen Here (Remarks to the National Economists’ Club, Washington, DC, Nov 21, 2002)