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Friday, April 20, 2007

Found this quote today. Written nicely hence quoted below, did always suspect puritanical strain in self, think that clear logic must be so.

"The notion that a panic should be allowed to pursue its course is perhaps of two strains. One strain takes a certain amount of pleasure, or Schadenfreude, in the trouble visited upon the market, as retribution for excesses of the past; this somewhat puritanical or fundamentalist standpoint rather welcomes hellfire as just dessert. The other sees panic as a thunderstorm, cleaning the air. It purifies the commercial and financial elements, and tends to restore vitality and health, alike conducive to regular trade, sound progress and permanent prosperity." -Charles Kindleberger