Question: If you could pick one cause that has gotten us here, what'd you say it is? Ron Paul: Easy money. The Federal Reserve artificially lowering interest rates, deceiving the people, the investors, the savers, into believing that there's a lot of savings out there, and that we should invest more, build more houses, more cars. It's the malinvestment, which is every bit as dangerous, from the inflation of the money supply, as is the high prices that usually come.
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believing bit build cause deceiving easy federal high inflation interest invest lowering money paul people pick question reserve say should supply ron savings malinvestment ratesRelated quotes
Let no one out of laziness or continuous worldly occupations miss these holy Sunday gatherings, which God Himself handed down to us, lest he be justly abandoned by God... If you are detained and do not attend on one occasion, make up for it the next time, bringing yourself to Christ's Church. Otherwise you may remain uncured, suffering from unbelief in your soul because of deeds or words, and failing to approach Christ's surgery to receive... holy healing.
Gregory Palamas
There is no doubt, and in this I agree with Milton Friedman, that once the Crash had occurred, the Federal Reserve System pursued a silly deflationary policy. I am not only against inflation but I am also against deflation! So, once again, a badly programmed monetary policy prolonged the depression! So, once again, a badly programmed monetary policy prolonged the depression. One consequence of this policy was, of course, the fact that confidence was destroyed.
Friedrich Hayek
In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time someting like that happened in politics or religion.
Carl Sagan
Unable to create a meaningful life for itself, the personality takes its own revenge from the lower depths comes a regressive form of spontaneity raw animality forms a counterpoise to the meaningless stimuli and the vicarious life to which the ordinary man is conditioned. Getting spiritual nourishment from this chaos of events, sensations, and devious interpretations is the equivalent of trying to pick through a garbage pile for food.
Lewis Mumford
It cannot be too frequently emphasized that the behavior of any animal must depend upon on the nature of the stimulus which it meets, its anatomic and physiologic capacities, and its background of previous experience. Unless it has been conditioned by previous experience, an animal should respond identically to identical stimuli, whether they emanate from some part of its own body, from another individual of the same sex, or from an individual of the opposite sex.
Alfred Kinsey
