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Jeremy's journal

The peculiar evil of silencing the expression of an opinion is, that it is robbing the human race; posterity as well as the existing generation; those who dissent from the opinion, still more than those who hold it. If the opinion is right, they are deprived of the opportunity of exchanging error for truth: if wrong, they lose, what is almost as great a benefit, the clearer perception and livelier impression of truth, produced by its collision with error.

John Stuart Mill


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🦋 Neither a Borrower nor a Lender be

So Bear Stearns is done for. (I did a fair amount of work for them in my first job.) Good analysis from John Quiggin.... More from Jared Bernstein. Nouriel Roubini asserts that it is not in the Fed's power to be of much help here.

posted morning of Monday, March 17th, 2008

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