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

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.

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.

You can’t have the capitalist system if an increasing number of people think it is unjust.

I acknowledge myself a unitarian

I think that in life, being is nothing but an illusion. If we acknowledge that and accept the fact that we are in between states, that we are moving, and this movement is the nature of our lives

If you don’t acknowledge differences, it’s as bad as stereotyping or reducing someone.

Of two friends, one is always the slave of the other, although frequently neither acknowledges the fact to himself.

To show resentment at a reproach is to acknowledge that one may have deserved it.

It is time to search out your uniqueness, applaud and acknowledge yourself, and let your own light shine.

You are designed to reinvent and re-create yourself, over and over again. And, you are here-whether you want to acknowledge it or not; whether you even know it or not-for the evolution of your own soul.

The age of every man shall be acknowledged before him in Heaven, and every man shall be rewarded for his willing service and for his time.