Memorial Day 2012

War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself. ~ John Stuart Mill

Hat tip to Andy at Ace of Spades HQ[*1]

A quick reminder

“Too big to fail” is just a polite way of saying “too big to succeed, but we’re going to keep propping it up, throwing good money after bad anyway, because we don’t have the wit or imagination to conceive of any alternative.”

(Yes, we’re still around. Another travel journal will be forthcoming.)