Category: Quote of the Day

“And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty.” – Frédéric Bastiat

"It is our duty to endeavor always to promote the general good; to do to all as we would be willing to be done by were we in their  circumstances; to do justly, to love mercy, and to walk humbly before God. These are some of the laws of nature which every man in  the world is bound to observe, and which whoever violates exposes himself to the resentment of mankind, the lashes of his own  conscience, and the judgment of Heaven. This plainly shows that the highest state of liberty subjects us to the law of nature and  the …

“I vow to thee, my country, all earthly things above, Entire and whole and perfect, the service of my love; The love that asks no question, the love that stands the test, That lays upon the altar the dearest and the best; The love that never falters, the love that pays the price, The love that makes undaunted the final sacrifice. I heard my country calling, away across the sea, Across the waste of waters she calls and calls to me. Her sword is girded at her side, her helmet on her head, And round her feet are lying the …

"In God we trust, all others bring data." – W. Edwards Deming, later popularized as a motto engraved on the entrance of a NASA research laboratory

"…while statists in both parties have refined appealing to the lowest common denominator voter to an art, they’ve largely forgotten what happens to a culture that panders to the slow, stupid, and lazy at the expense of the clever, intelligent, and industrious. It dies." – Bob Owens

"Time to beat those plowshares back into swords." – Robert A. Heinlein

"The Second Amendment is a doomsday provision, one designed for those exceptionally rare circumstances where all other rights have failed—where the government refuses to stand for reelection and silences those who protest; where courts have lost the courage to oppose, or can find no one to enforce their decrees. However improbable these contingencies may seem today, facing them unprepared is a mistake a free people get to make only once." – Ninth Circuit Judge Alex Kozinski

“In winter, lying in bed, I thought of one thing until my head hurt:  there, on the shelves in the shops, there had been canned fish.  Why hadn’t I bought it?  Why had I bought only eleven jars of cod-liver oil, and not gone to the chemist’s a fifth time to get another three?  Why hadn’t I bought a few vitamin C and glucose tablets?  These ‘whys’ were terribly tormenting.  I thought of every uneaten bowl of soup, every crust of bread thrown away, every potato peeling, with as much remorse and despair as if I’d been the murderer of …

“Jump down the shelters to get away The boys are cockin’ up their guns Tell us General is it party time? If it is can we all come? Don’t think that we don’t know Don’t think that we’re not tryin’, no no no Don’t think we move too slow It’s no use after cryin’ Sayin’ ‘It’s a mistake, it’s a mistake It’s a mistake, it’s a mistake.’” – Men At Work, “It’s A Mistake” (Lyrics by Colin Hay.)

“Ye are bought with a price; be not ye the servants of men.” – 1 Corinthians 7:23 (KJV)

“Take a deep breath and remember that the whole world sucks, America sucks less, and Texas during deer season doesn’t suck at all.” – Ted Nugent

“Soccer’s a ‘jogging man’s’ sport and a sport for overprotective mothers who want to shield their young men from injury. I find soccer to be a robust metaphor for European foreign policy.” – Temple University Professor Stanley Ridgeley (Stan was one of my MIOBC classmates, back in 1985.)

“We are deceived when we consent to think about the ‘price of gold.’ At the very outset of our thoughts regarding gold, we are wrong, just as astronomers prior to Copernicus were wrong in thinking about the solar system as geo-centric, with the Sun, Moon and planets describing perfect circles around Earth. Gold is ? to follow the astronomical simile ? the center of the monetary universe, and the planets ? the currencies ? circle the Sun, which represents gold. The correct starting point is the price of a currency expressed in terms of gold, and not the other way around. When the price of the …

“Everyone’s got plans….until they get hit.” – Heavyweight boxing champion Mike Tyson

“Right now, the FOMC has ‘a tiger by its tail’ – it has lost control of monetary policy.  The Fed can’t stop buying assets because interest rates will rise and choke the recovery.  In short, today’s decision not to taper was driven by unimpressive economic data, the fear of a 3% yield on the 10 year Treasury and gridlock in Washington.  If the economy cannot handle a 3% yield on the 10 year, then the S&P 500 should not be north of 1700.  It is remarkable that the equity market continued to buy into easy money over economic growth.  QE3 …