The Free Lunch Has Still To Be

Excessive Optimism Sows The Seeds Of Its Own Reversal.

Anything That We Can Do To Raise Personal Savings Is Very Much In The Interest Of This Country.

Any Onset Of Increased Investor Caution Elevates Risk Premiums And, As A Consequence, Lowers Asset Values And Promotes The Liquidation Of The Debt That Supported Higher Asset Prices, ... This Is The Reason That History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.

Regulators Have Not Been Able To Achieve The Level Of Future Clarity Required To Act Pre-emptively. The Problem Is Not Lack Of Regulation But Unrealistic Expectations. What We Confront In Reality Is Uncertainty, Some Of It Frighteningly So...

If You Get Beyond The Political Rhetoric [and Assembled A Group To Solve Social Security] It Would Take Them 15 Minutes. It Would Take Them 15 Minutes Only Because 10 Minutes Was Used For Pleasantries.