e-musing

Jan 3

“Complete ‘realism’ is clearly unattainable, and the question whether a theory is realistic ‘enough’ can be settled only by seeing whether it yields predictions that are good enough for the purpose in hand or that are better than predictions from alternative theories.” Milton Friedman

“Having dealt with the clean reality of metals, technology, production all his life, he had acquired the conviction that one had to concern oneself with the rational, not the insane—that one had to seek that which was right, because the right answer always won—that the senseless, the wrong, the monstrously unjust could not work, could not succeed, could do nothing but defeat itself. A battle against a thing such as that bill seemed preposterous and faintly embarrassing to him, as if he were suddenly asked to compete with a man who calculated steel mixtures by the formulas of numerology.” on Hank Rearden’s political views in Atlas Shrugged

Nov 28

“A plurality of Americans call themselves independents, and on the most divisive economic argument—how to solve the budget mess—two in three of them back a combination of spending cuts and tax rises. But politics is being driven by extremists who reject any such compromise.” The Economist

Nov 17

“Tablets” weren’t a category that anyone needed to give a damn about until the iPad. It was a massive hit not because it managed to remove any of the problems inherent to tablets, but because it was so delightful, fun, and pleasant to use that anyone who tried their friend’s iPad for a few minutes needed to have one of their own.” http://www.marco.org/2011/11/17/kindle-fire-review

Oct 5

President Obama on the Passing of Steve Jobs

…he transformed our lives, redefined entire industries, and achieved one of the rarest feats in human history: he changed the way each of us sees the world.

Sep 14

“If Bernanke continues shoveling in hundreds of billions to needy bankers, five years from now Americans (and the rest of the world) may look back fondly on the present the way the 2001 downturn now seems like a minor inconvenience.” The Importance of Capital Theory - Robert P. Murphy - Mises Daily

Aug 9

“In the fall of 1997, Michael Dell was asked what he would do if he were CEO of Apple. He answered that he would shut it down and give the money back to the shareholders (link). Today, nearly 14 years later, Dell (DELL) is worth $27 billion and Apple is worth 12.7 Dells.” http://tech.fortune.cnn.com/2011/08/09/apple-is-briefly-the-worlds-most-valuable-public-company/

“Our economy is lubricated by a sophisticated and stable credit market whose most vital component is also the most ephemeral: trust.” S&P’s credit rating cut: Downgrading our politics | The Economist

Jul 29

My afternoon

Vendor: Do you think you should have errors?
Me: If the program isn't giving me any results, it would nice if it told me why.

Jul 14

“The president and Congressional Republicans are locked in a staring contest over a pissing contest over who will blink first. My bet: whoever gets their eyes pissed in.” Stephen Colbert

e-musing

on Apple things and other random bits of consciousness @eddie_smith is practically efficient

President Obama on the Passing of Steve Jobs

My afternoon

on Apple things and other random bits of consciousness

@eddie_smith is practically efficient