Jim’s Quote of the Day:

"The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another." – Milton Friedman










Jim’s Quote of the Day:

“These six [things] doth the LORD hate: yea, seven [are] an abomination unto him: A proud look, a lying tongue, and hands that shed innocent blood, An heart that deviseth wicked imaginations, feet that be swift in running to mischief, A false witness [that] speaketh lies, and he that soweth discord among brethren.” – Proverbs 6:16-19 (KJV)







Jim’s Quote of the Day:

“The people don’t like to be conquered, sir, and so they will not be. Free men cannot start a war, but once it is started, they can fight on in defeat. Herd men, followers of a leader, cannot do that, and so it is always the herd men who win battles and the free men who win wars. You will find that is so, sir.” – John Steinbeck, The Moon Is Down










Jim’s Quote of the Day:

“At any given moment there is an orthodoxy, a body of ideas which it is assumed all right-thinking people will accept without question. It is not exactly forbidden to state this or that or the other, but it is ‘not done’… Anyone who challenges the prevailing orthodoxy finds himself silenced with surprising effectiveness.” – George Orwell




Jim’s Quote of the Day:

“Americans are in the process of ruining themselves. They are transforming assets into liabilities, trading the real wealth that was built up over generations for the quick fix of debt. The ‘equity’ they own in their homes has fallen to its lowest level since the government began tracking it in 1965. The asset – the home – has been replaced by mortgage debt.” – Bill Bonner (Editor of The Daily Reckoning)