Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state.
Paul SingerIt is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.
Paul SingerDerivatives trading should be standardized and as much as possible moved to clearinghouses.
Paul SingerThe recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. “QE Infinity” has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying.
Paul Singer