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Favorite Quotes
- Nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers, and destroyers press upon them so fast, that there is no resisting afterwards. The nature of the encroachment upon the American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour. The revenue creates pensioners, and the pensioners urge for more revenue. The people grow less steady, spirited, and virtuous, the seekers more numerous and more corrupt, and every day increases the circles of their dependents and expectants, until virtue, integrity, public spirit, simplicity, and frugality, become the objects of ridicule and scorn, and vanity, luxury, foppery, selfishness, meanness, and downright venality swallow up the whole society John Adams
- Never spend your money before you have earned it. Thomas Jefferson
- If Stupidity got us into this mess, then why can't it get us out? Will Rogers
- Regulators talk a lot about systemic risk. They do not—and probably cannot—give a tight operational definition of what this means. So setting up an agency to prevent systemic risk, as Mr. Dodd has just proposed, is just another way to pick the public's purse. Systemic risk will forever remain in the eye of the beholder. Instead of shifting losses onto those that caused them, systemic risk regulation will continue to transfer cost to the taxpayers. The regulators protect the bankers. They continue to lose sight of their responsibility to protect the public. Alan Meltzer
- As for the men in power, they are so anxious to establish the myth of infallibility that they do their utmost to ignore truth. Boris Pasternak
- There is no duty more obligatory than the repayment of kindness. Cicero
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I’m From The Federal Reserve and I Will Improve Your Life, read it here: http://t.co/qgeTD9kT 23 hours ago
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Another Reason Why The Economy Will Not Recover, read it here: http://t.co/Fd3P0z19 2 days ago
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The Universal Truth About Government Regardless of Its Form, Time or Place, read it here: http://t.co/I8JQIEAT 2 days ago
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The law school bubble – At 50 law schools, 20% of the students are either unemployed, flunked out, or are http://t.co/bX397BCW via @addthis 2 days ago
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