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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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Competition Country Force Shied Shortage Skill

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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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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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There are no easy choices. Easy choices are long gone.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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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.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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They seem to sense… that gold and economic freedom are inseparable.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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