Monday, March 2, 2009

Einstein is not at the Treasury

Insanity is doing the same thing over and over again and expecting different results.

-- Albert Einstein
Sadly, it seems that the above quote qualifies as profound wisdom to our folks in government. In the past week, we have seen the re-bailout of Citi, the re-bailout of AIG, and the re-birth of the bad bank.

Do we really need someone of Einstein's intelligence to realize that the same-old bailout is just not working?

1 comment:

Anonymous said...

Einstein may have said it but it's false (and actually symptomatic of his refusal to accept quantum physics). This is easily seen when you add a random element to your activity. Although you may perform the same action, the outcome will differ depending on the random variable.