Posts Tagged ‘theory’

“Science lets you understand how and why things work. Technology lets you put the theory into practice. And capital gives you the time and material to make use of science and technology.” -Doug Casey

“In theory, there is no difference between theory and practice.  But in practice, there is.” -Yogi Berra

Central bankers have taken it upon themselves to sponsor great bull markets in the hopes of making people spend more because they will feel richer.  That was the theory.  But they neglected to think through the full consequences of these policies.” -Jim Grant