Tag Archives: Cyprus

Learn your lesson, little people of Europe

Rules are for the little people:

During the period when all banks in Cyprus were supposedly closed, Russian oligarchs, Cypriot politicians, and other depositors — who just happen to be extremely wealthy and influential — were somehow able to spirit their assets out of the country before the levy kicked in, leaving medium-sized depositors, mostly entrepreneurs, to bear the brunt of the “haircut”. —Dirty Money, Clean Money: Cyprus and Germany | Gates of Vienna.

What was it that Ayn Rand said? When you take away the economy of money, you get the economy of pull.

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