Market prices are always wrong in the sense that they present a biased view of the future.

To be successful, you need leisure. You need time hanging heavily on your hands.

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

The dark comes before dawn. The financial markets are under great pressure because of the lack of leadership during the transition period.

Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves.

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.

Just as the process of repealing national alcohol prohibition began with individual states repealing their own prohibition laws, so individual states must now take the initiative with respect to repealing marijuana prohibition laws.