![]() ![]() This is a combined three-part article that includes: Europeans just react to events as they happen and hope things don’t get worse." Treasury prints “In God We Trust” on the dollar the ECB might as well print “Kick the Can Down the Road” on the euro. The European Central Bank doesn’t stand for anything but improvisation: the U.S. Today the whole Eurozone is in slow-motion crisis, and nobody is in charge. This describes Europe since the early 1970s, when the continent succumbed to undirected bureaucratic drift. ![]() An indefinite pessimist looks out onto a bleak future, but he has no idea what to do about it. Even today pessimism still dominates huge parts of the world. "Every culture has a myth of decline from some golden age, and almost all peoples throughout history have been pessimists. Buy the book on amazon (opens new window) flashbooks book summary on: Zero To One : Notes on Startups, or How to Build the Future by Peter Thiel, Blake Masters ![]()
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