The Ultimate Asset Bubble Is Gold.

Stock Market Bubbles Don't Grow Out Of Thin Air. They Have A Solid Basis In Reality, But Reality As Distorted By A Misconception.

There Is A Well-established Conviction That The Central Banks Always Do What Is Necessary To Keep The System Going And Then Afterwards You Then Take Care Of The Legal Aspects. In A Crisis, You Simply Do Not Have Time To Think About Such Concerns For Too Long.

It Is Credit That Matters, Not Money (in Other Words, Monetarism Is A False Ideology).

The More Comprehensive And Convincing A Debt Reduction Program Is, The Less Likely It Is To Fail. And Remember, Just As Germany Is Grateful To America For The Marshall Plan, Italy Would Be Grateful To Germany For Helping It Lower Its Refinancing Costs.

You Could Adjust The Punishment To Fit The Infraction. Even A Small Fine Would Be Enough To Bring An Errant Government To Heel.