Category: Quote of the Day

"Action springs not from thought, but from a readiness for responsibility." – G. M. Trevelyan

“If, [when] evil cometh upon us, [as] the sword, judgment, or pestilence, or famine, we stand before this house, and in thy presence, (for thy name [is] in this house,) and cry unto thee in our affliction, then thou wilt hear and help.” – From Jehoshaphat’s prayer, 2 Chronicle 20:9 (KJV)

"Thus saith the LORD; Cursed be the man that trusteth in man, and maketh flesh his arm, and whose heart departeth from the LORD. For he shall be like the heath in the desert, and shall not see when good cometh; but shall inhabit the parched places in the wilderness, in a salt land and not inhabited. Blessed is the man that trusteth in the LORD, and whose hope the LORD is. For he shall be as a tree planted by the waters, and that spreadeth out her roots by the river, and shall not see when heat cometh, but …

"Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore everyone, in his own interests, must thrust himself vigorously into the intellectual battle. No one can stand aside with unconcern; the interests of everyone hang on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us." – Ludwig von Mises, Socialism: An Economic and Sociological Analysis, …

Here we live in a country that has a fabulous constitution and all these guarantees, a contract between the citizens and the government – nobody knows what’s in it. It’s one of the best kept secrets. And so, if you don’t know what your rights are, how can you stand up for them? And furthermore, if you don’t know what is in that document, how can you care if someone is shredding it?” – Frank Zappa (1940 – 1993), as quoted by Spin Magazine, July 1991

“The bulls will buy stocks believing that we have another bull market on our hands. After having lost 50% of their money since 2007, they’ll lose another 20% – 30% when this rally collapses. The bears, meanwhile, are convinced that there is worse to come. They think the stimulus spending programs will cause inflation. So they’re buying gold and commodity stocks sure that when inflation comes, it will cause mining and oil stocks to soar. Maybe it will eventually. But the first big move will probably be down. They, too, will lose big. That could be the Big Surprise of …

"The strength of a Nation derives from the integrity of the home." – Kong Zi (Confucius).

"The world is filled with violence. Because criminals carry guns, we decent law-abiding citizens should also have guns. Otherwise they will win and the decent people will lose." – James Earl Jones

"The wise man does at once what the fool does finally." – Baltasar Gracian, (1601-1658)

"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." – Friedrich A. Hayek

“Icelanders discovered that trading bits of paper isn’t a productive enterprise. A handful of guys, who fancied themselves as financial experts, were taking out tens of billions of dollars in short term loans from abroad. They were then re-lending this money to themselves and their friends to buy assets, such as soccer teams, cars, homes, etc. Since the entire world’s assets were rising; thanks to people of like mentality paying crazy prices for everything, the Icelanders appeared to be making money. One non-Icelandic fund manager said that its like, “You have a dog and I have a cat. We agree …

"The wavelike movement affecting the economic system, the recurrence of periods of boom which are followed by periods of depression, is the unavoidable outcome of the attempts, repeated again and again, to lower the gross market rate of interest by means of credit expansion. There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." – Ludwig von Mises, Human …

"He who passively accepts evil is as much involved in it as he who helps to perpetrate it. He who accepts evil without protesting against it is really cooperating with it." – Dr. Martin Luther King, Jr.

"What at first was plunder assumed the softer name of revenue." – Thomas Paine

“If you think health care is expensive now, wait until you see what it costs when it’s free!” – P.J. O’Rourke