Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives

If I've made myself clear, I've misspoken.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.