“Then fear hits, and it comes down very sharply. When I started to look at that.”

The need for values is inbred. Their content is not.

American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.

If I seem unduly clear to you, you must have misunderstood what I said.

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.

Unfortunately, Senator, nobody knows where the next innovative idea is coming from.

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.

The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…

I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.

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.

And therewithal, whenever I found out anything remarkable, I have thought it my duty to put down my discovery on paper, so that all ingenious people might be informed thereof.

You don’t sit down and write a wish list about the person you are going to fall violently in love with. It just doesn’t work like that.

Never keep up with the Joneses. Drag them down to your level.

Never try to pull someone up who doesn’t want it…they’ll just pull you down.

My mother had very humble beginnings – to put it mildly. Her dad built their home out of timber that he cut down on their land. No heat, no air-conditioning – ‘no foolishness,’ as he would call it.

Because it is in the nature of things that they become extreme, we have passed down from manliness to cruelty. If I had been told when I was 20 that there was a tavern in the town where the brave and the cruel were gathered together,

Our prayers lay the track down which Gods power can come. Like a mighty locomotive, his power is irresistible, but it cannot reach us without rails.

Fat people who want to reduce should take their exercise on an empty stomach and sit down to their food out of breath…. Thin people who want to get fat should do exactly the opposite and never take exercise on an empty stomach.