Potent Quotables (updated periodically)

  • "If you like sausages and laws, you should never watch either one of them being made." -- Otto von Bismarck
  • "God who gave us life, gave us liberty. Can the liberties of a nation be secure when we have removed a conviction that these liberties are the gift of God? Indeed I tremble for my country when I reflect that God is just, that his justice cannot sleep forever." -- Thomas Jefferson
  • "The best way to prove a stick is crooked is to lay a straight one beside it" -- FW Boreham
  • "There are two kinds of people in the world. Those who walk into a room and say, 'There you are' and those who say, 'Here I am'" -- Abigail Van Buren
  • "It was not political rhetoric, mass rallies or poses of moral indignation that gave the people a better life. It was capitalism." -- Thomas Sowell

Friday, December 19, 2008

Hoenig Rules

Hoenig: "We've witnessed nothing short of an economic coup in this country. Paulson and Bush have turned what could have been a short six-month slowdown into one of the worst economic periods in modern times. You can't fix capitalism with socialism.

Worse off, the free market is mistakenly getting the blame for the economic chaos that's been caused by government intervention. Freddie, Fannie, the Community Reinvestment Act and the easy money policy from the Federal Reserve were all government-led intrusions into a free market. That's what has prompted the collapse...not speculators or nefarious operators on Wall Street."

and a little later...

"I'm inspired by my 104 year old grandmother, who to this day still reminds me of the importance of frugality and thrift. 'Make a dollar, save a quarter' she says. This is simple advice but would have kept countless Americans from financial ruin in recent years."
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