“Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.”

Every group spends more when its income grows.

Prescriptive regulations, such as telling electric utilities what kinds of coal to burn or what kinds of scrubbers to install on their smokestacks, were not only intrusive, they were also grossly inefficient.

In almost every instance, air and water quality goals were met more cheaply and quickly when we taxed pollution than when we tried to regulate it directly.

The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit.

They need to know that they are under financial obligations to nobody, other than public lending institutions, except to the extent that they are publicly declared.

Financial storm definitely passed.

Money, financial matters were to help people, to help them survive, not to have a bigger house or a bigger car and that sort of thing, because I hear that from so many kids, they often don’t know why their father won’t spend more time with them.

I can tell you about health care and also about the financial reform bill. The Barack Obama, the President personally and his administration officials at his direction were very much involved.

Theirs is an endless road, a hopeless maze, who seek for goods before they seek for God.

The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on the nation.

The best way to measure your investing success is not by whether you’re beating the market but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.