“we have more people in military bands than we have Foreign Service officers.”
— Robert Gates, current and future Secretary of Defense, in what is sure to be an oft-cited quote as the Obama Administration unveils a new diplomatic offensive.
Quote of the Day
O Lord that lends me life,
Lend me a heart replete with thankfulness.
— William Shakespeare
Quote of the Day
“It is these periods of transition, where the value of the currency is changing fast, but before price changes filter through all commerce and contracts, when financial and political disruptions often take place.”
Quote of the Day
“We have the ability to create the most competitive nation in the world — or we could implode. . . . You could create the future or defend the past.”
— Sam Palmisano, IBM CEO, November 21, 2008
Quote of the Day
“The answer is yes.”
— David Bonior, former U.S. Rep., November 20, 2008, when “asked if this was the industrial policy of the incoming Obama administration….”
Quote of the Day
“I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.”
— F.A. von Hayek
To Hayek’s observation, I would only add the corresponding phenomenon of “deflation.” Both inflation and deflation can be grouped into a singular category. Robert Mundell once called both inflation and deflation a decline in the monetary standard.
Quote of the Day
“Let us bend over and kiss our ass goodbye. Our 28-year conservative opportunity to fix the moral and practical boundaries of government is gone — gone with the bear market and the Bear Stearns and the bear that’s headed off to do you-know-what in the woods on our philosophy.”
— P.J. O’Rourke, November 10, 2008, repeating George Will’s sentiment, but from a . . . shall we say . . . different angle.
(via Don Luskin)
Quote of the Day
“Thus does a conservative era end, with a Republican administration’s policy as a punch line.”
— George Will, November 9, 2008
