Jim’s Quote of the Day:
"At this point the debate is not about a soft landing or hard landing; it is about how hard the hard landing will be." – Nouriel Roubini, professor of economics at New York University
"At this point the debate is not about a soft landing or hard landing; it is about how hard the hard landing will be." – Nouriel Roubini, professor of economics at New York University
"Punishment is now unfashionable… because it creates moral distinctions among men, which, to the democratic mind, are odious. We prefer a meaningless collective guilt to a meaningful individual responsibility." – Thomas Szasz
“Every morning in Africa a gazelle awakens knowing it must today run faster than the fastest lion or it will be eaten. Every morning a lion awakens knowing it must outrun the slowest gazelle or it will starve. It matters not whether you are a gazelle or a lion, when the sun rises you had better be running.” – African Proverb
"The crowning illusion of our time must be the idea that you can get what you want, rather than what you deserve." – Bill Bonner
“There are two methods, or means, and only two, whereby man’s needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.” – Albert Jay Nock
“‘Need’ now means wanting someone else’s money. ‘Greed’ means wanting to keep your own. ‘Compassion’ is when a politician arranges the transfer.” – Joseph Sobran
"This country has come to feel the same when Congress is in session as when the baby gets hold of a hammer." – Will Rogers
"It is a wise man who, in quiet times, keeps his knives sharp and ready" – Lao Tzu
"Now stir the fire, and close the shutters fast, Let fall the curtain, wheel the sofa round, And while the bubbling and loud hissing urn Throws up a steamy column; and the cups That cheer but not inebriate, wait on each, So let us welcome peaceful evening in." -William Cowper, "The Task" (1785)
“Let your heart feel for the afflictions and distresses of every one, and let your hand give in proportion to your purse; remembering always the estimation of the widow’s mite, but, that it is not every one who asketh that deserveth charity; all, however, are worthy of the inquiry, or the deserving may suffer.” – President George Washington, letter to Bushrod Washington, Jan. 15, 1783
"Liberalism is a philosophy of consolation for Western Civilization as it commits suicide." – Dr. Jerry Pournelle
"Chains of habit are too light to be felt until they are too heavy to be broken." – Warren Buffett
"In peace and prosperity states and individuals have better sentiments, because they do not find themselves suddenly confronted with imperious necessities; but war takes away the easy supply of daily wants, and so proves a rough master than brings most men’s characters to a level with their fortunes." – Thucydides, circa 400 BC, during a revolt on Corfu
“Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan ‘Press On’ has solved and always will solve the problems of the human race.” – President Calvin Coolidge
"Associate yourself with men of good quality, if you esteem your own reputation; for it is better to be alone than in bad company." – President George Washington