[Pen-l] A Better Stimulus Plan

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

From a quarter millennium ago:

"that they deceived every man into his own ruin; and ruined the nation, 
to enrich the directors and themselves: They sold their own stock, and 
that of the directors, under false and fictitious names, contrary to the 
obligation of their bond to the City, which obliges them to declare the 
name of the seller to the buyer, as well as the name of the buyer to the 
seller; for they knew that no man would have been willing to buy, had he 
known that the brokers and directors were in haste to sell. Thus they 
used false dice, and blinded men’s eyes, to pick their pockets. “And 
surely, Mr. Ketch,” says the counsellor, “if he who picks a man’s pocket 
is to be hanged, the rogues that pick the pockets of the whole country, 
ought to be hanged, drawn, and quartered.”
--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com
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