“Anyway, maybe there weren't any solutions. Human society, corpses and rubble. It never learned, it made the same cretinous mistakes over and over, trading short-term gain for long-term pain.”

“The problem for free-market economists is that their policy recommendations at the dawn of a recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extra-market barriers to price adjustments. This often involves short-term pain in exchange for long-term solutions, when politics rewards short-term solutions that result in long-term pain.”

“lenders to trade their long-term income streams for short-term cash. Say”

“I'll take an earnest person over a hip person every time, because hip is short term. Earnest is long term.”

“There is certainly a satisfaction and dignity to be gained in coming to terms with the mistakes one has made in the course of one’s life”

“As Paul Saffo, a forecaster of large-scale change at Discern Analytics, observes wisely, 'Change is never linear. Our expectations are linear, but new technologies come in S curves, so we routinely overestimate short-term change and underestimate long-term change.' Never mistake a clear view for a short distance, he adds.”