A mistake is not something to be determined after the fact, but in the light of the information until that point.

Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling into gigantic, incestuous, bureaucratic banks-when one fails, they all fall. We have moved from a diversified ecology of small banks, with varied lending policies, to a more homogeneous framework of firms that all resemble one another. True, we now have fewer failures, but when they occur... I shiver at the thought.

Those who do not think that employment is systemic slavery are either blind or employed.

A Stoic is someone who transforms fear into prudence, pain into transformation, mistakes into initiation, and desire into undertaking.

People work out, they stress their body, and their body gets stronger from stress.

What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats.

Janet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery.