“If prices go down, we will have problems – problems in the sense of spillover to other areas.”

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.

They seem to sense… that gold and economic freedom are inseparable.

Gold still represents the ultimate form of payment in the world.

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.

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

I love travelling, and had the pleasure of being in the most developed country in the world and then parts of two of the most pristine natural areas of the world: the Galapagos islands and the Equador Amazon jungle.

Never comment on a woman’s rear end. Never use the words ‘large’ or ‘size’ with ‘rear end’. Never. Avoid the area altogether. Trust me.

You will never maximize your potential in any area without coaching. It is impossible. You may be good. You may even be better than everyone else. But without outside input you will never be as good as you could be.

We learn by practice. Whether it means to learn to dance by practicing dancing or to learn to live by practicing living, the principles are the same. One becomes in some area an athlete of God.

In digital era, privacy must be a priority. Is it just me, or is secret blanket surveillance obscenely outrageous?

We were made for more than compromise. We were made for God’s promises in every area of our lives.

Every human being was born with an inherent gift, and that gift is their gift to humanity; they are supposed to serve humanity in the area of their gifting.

As areas of knowledge grow, so too do the perimeters of ignorance.