You never can cure poverty. Poverty is in the eye of the beholder.

Germany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.

What happened was that for every $100 of money, by which I mean the cash that people keep in their pockets, and the deposits they have in the bank, for every $100 of money that there was in 1929, by 1933 there was only $67. The Federal Reserve allowed the quantity of money to decline by a third. While, at all times, it had the possibilities and the power of preventing that from happening.

The excuse for the destruction of liberty is always the plea of necessary ' that there is no alternative

The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.

There's no such thing as a free lunch.

We don't have a desperate need to grow. We have a desperate desire to grow.