History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

Rules cannot take the place of character.

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

There is no evidence that the business cycle has been repealed.