REMEMBER! Friday September 19 is International Talk Like a Pirate Day!
18th September 2008
Jerry Pournelle also has some things to say about statistics and systems analysis.
American have got to understand that moving money around in circles is not actually production; that most “services” in the service economy aren’t actually need or producing much — did we need 100,000 sales agents for high risk mortgages that put illegal immigrants into $400,000 houses on interest only loans? Sure there are real service jobs, like mechanics and plumbers, who take things that don’t work and make things that do work, but that’s not the same as selling bad mortgages to people who shouldn’t be borrowing money in the first place.