“I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.”

Rules cannot take the place of character.

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.

Fiat money in extremis is accepted by nobody. Gold is always accepted.

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more

If I say something which you understand fully in this regard, I probably made a mistake.

Market financed withdrawals of home equity in recent years.

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.

We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

If we are dealing with psychology, then the thermometers one uses to measure it have an effect.

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.

What we admire we praise; and when we praise, Advance it into notice, that its worth Acknowledged, others may admire it too.

All sympathy not consistent with acknowledged virtue is but disguised selfishness.

The criterion of truth is that it works even if nobody is prepared to acknowledge it.

A brave man acknowledges the strength of others.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

God’s grace does not come to people who morally outperform others, but to those who admit their failure to perform and who acknowledge their need for a Savior.

Those who best know human nature will acknowledge most fully what a strength light hearted nonsense give to a hard working man

I abominate a humble man, but yet I love to perceive that a man acknowledges the superiority of my sex, and youth and all that kind of thing. . .