Deficit spending is simply a scheme for the confiscation of wealth.

Indeed, better risk management may be the only truly necessary element of success in banking.

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

If I say something which you understand fully in this regard, I probably made a mistake.

How do we know when irrational exuberance has unduly escalated asset values?

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

Any informed borrower is simply less vulnerable to fraud and abuse.