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Tuesday, March 04, 2008

Quote of the Day 

From the February 22, 2008 issue of the excellent Grant's Interest Rate Observer.

This publication supports a program of free and unhindered price discovery in the financial markets. We favor non-intrusive and constitutionally limited government. We like our dollars hard, our taxes low, and our foreign enemies on the run. We note, however, that these preferences, taken together, are shared by none of the mainstream candidates.
Too true.

2 Comments:

By Blogger TigerHawk, at Tue Mar 04, 04:37:00 PM:

Great stuff. Jim Grant's book Money of the Mind, which is a history of credit in America, is actually fascinating.  

By Blogger Charlottesvillain, at Wed Mar 05, 09:48:00 AM:

I had the pleasure of sitting next to Jim at a lunch in October. A very dry, sarcastic wit. If one were to take him at his word, we should all be shoveling cash into gold with both hands. Of course we would have been doing this for the last ten years.  

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