Jim’s Quote of the Day:

" …vaults of the central banks and return to the pockets and purses of private individuals, for gold is the only really sound money with intrinsic value. The desire to return to gold is understandable, and we hope to see it realized some day, although the argument in favor of the gold standard is not always stated in a valid way. The distinctive function of gold money does not consist in its intrinsic value or in the constancy of that value, which fluctuates even in the absence of government intervention. The excellence of metallic money in free circulation consists in …










Jim’s Quote of the Day:

“We who lived in concentration camps can remember those who walked through the huts comforting others, giving away their last piece of bread. They may have been few in number, but they offer sufficient proof that everything can be taken from a person but the last of the human freedoms – to choose one’s attitude in any given set of circumstances – to choose one’s own way. ” – Victor Frankl







Jim’s Quote of the Day:

“Of all the wonderful things government says, that’s always been just about my favorite [government spending creates jobs]. As opposed to if you get to keep the money. Because what you’ll do is go out and bury it in your yard, anything to prevent that money from creating jobs. They never stop saying it. They say it with a straight face and we in the press will write that down. We will say, ‘This is expected to create x number of jobs.’ On the other hand, we never say that the money we removed from another part of the economy …







Jim’s Quote of the Day:

“Welcome to a depression. Not such a bad thing, really. Just a period of adjustment…a time for fixing, re-organizing, downsizing, and mending. There’s a time to every purpose under heaven. This is the time to take stock and shape up. But wait again. It doesn’t feel like a depression. Where are the soup lines? Where are the Okies packing up and moving to California? Where are Ziegfield Girls, the Civilian Conservation Corps and Eleanor Roosevelt? How come this depression’s not in black and white? Well…because this is a 21st century depression. This depression is in living color…and it comes to …




Jim’s Quote of the Day:

"History is not merely what happened; it is what happened in the context of what might have happened. Therefore it must incorporate, as a necessary element, the alternatives, the might-have-beens." – Professor Hugh Trevor-Roper, Regis Professor of Modern History; Oxford University, valedictory address 20 May 1980; quoted in History Today, Vol. 2, Issue 7, July 1982, p. 88