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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

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Deserve End Lose Neither Power Principle Republication Swap

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
ALAN GREENSPAN

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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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There are no easy choices. Easy choices are long gone.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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I have long argued that paying down the national debt is beneficial for the economy.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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The tub helps me relax, and it’s a great place to read.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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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
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