Thursday, September 6, 2012

Mario Draghi Channels Lord Kelvin

In an announcement of stunning hubris that would make even Bill Clinton blush, European Central Bank President Mario Draghi proclaimed today that "the Euro is irreversible."

This breathtaking lunacy ranks right up there with English physicist Lord Kelvin's 1895 pronouncement that "There is nothing new to be discovered in physics now. All that remains is more and more precise measurement." 

Five years later the great German physicist Max Planck introduced the theory of quantum mechanics, and five years after that Albert Einstein published his paper on the Special Theory of Relativity.

In other news, President Obama has announced that his re-election will finally make the oceans recede.