History - that little sewer where man loves to wallow.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems
Most consequential choices involve shades of gray, and some fog is often useful in getting things done
The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.
Hyperinflation is not going to happen in this country, will never happen. . . The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.
We believe in a strong dollar. Chinese financial assets are very safe.
According to this law [the law of Dharma], you have a unique talent and a unique way of expressing it. There is something that you can do better than anyone else in the whole world--and for every unique talent and unique expression of that talent, there are also unique needs. When these needs are matched with the creative expression of your talent, that is the spark that creates affluence. Expressing your talents to fulfill needs creates unlimited wealth and abundance.
Everybody knows there is no fineness or accuracy of suppression; if you hold down one thing, you hold down the adjoining.
The military's own report says that one-third of deaths and casualties could have been avoided if proper body armor and vehicle armor had been provided from the start of the war.
Some general officers should pay a stricter regard to truth than to call the depopulating other countries the service of their own.