The Laissez-faire Argument Relies On The Same

By Creating The European Central Bank, The Member States Exposed Their Own Government Bonds To The Risk Of Default. Developed Countries That Issue Bonds In Their Own Currency Never Default, Because They Can Always Print Money. Their Currency May Depreciate, But The Risk Of Default Is Absent.

The Criminalization Of Marijuana Did Not Prevent Marijuana From Becoming The Most Widely Used Illegal Substance In The United States And Many Other Countries. But It Did Result In Extensive Costs And Negative Consequences.

Market Prices Are Always Wrong.

There Is No Point In Being Confident And Having A Small Position.

I Don't Panic. The Same Thing Applies To Me As To Everybody Else, So I'm Given To Euphoria And Despair. And I Would Say That I Basically Have Survived By Recognizing My Mistakes.