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“Quantitative easing is what you do when nothing else works. It is an admission of failure.”
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“Quantitative easing is what you do when nothing else works. It is an admission of failure.”
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Benron Bukake’s epitaph will be:
“He was willing to create a bigger problem
in the future
to solve a smaller problem
today.”
Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea, and there isn’t even any oil. Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema. This is effectively the proposition that created Dubai – it was a stupid idea before the crash, and now it is dangerous.
[Hat tip]