Of course, shedding the debt burden would be a happy development for our country, but it would nevertheless pose a big dilemma for the Fed. Our primary lever of monetary policy was buying and selling treasury securities-Uncle Sam's IOU's. But as the debt was paid down, those securities would grow scarce, leaving the Fed in need of a new set of assets to effect monetary policy.
Alan GreenspanRelated topics
assets big burden buying country course debt development dilemma effect fed happy leaving lever need pay policy pose primary selling set shedding treasuryRelated quotes
We catched fish, and talked, and we took a swim now and then to keep off sleepiness. It was kind of solemn, drifting down the big still river, laying on our backs looking up at the stars, and we didn't ever feel like talking loud, and it warn't often that we laughed, only a kind of low chuckle. We had mighty good weather, as a general thing, and nothing ever happened to us at all, that night, nor the next, nor the next.
Mark Twain
In this century the writer has carried on a conversation with madness. We might almost say of the twentieth-century writer that he aspires to madness. Some have made it, of course, and they hold special places in our regard. To a writer, madness is a final distillation of self, a final editing down. It's the drowning out of false voices.
Don DeLillo
Yes, the universe had a beginning. Yes, the universe continues to evolve. And yes, every one of our body's atoms is traceable to the big bang and to the thermonuclear furnace within high-mass stars. We are not simply in the universe, we are part of it. We are born from it. One might even say we have been empowered by the universe to figure itself out - and we have only just begun.
Neil deGrasse Tyson
We grow great by dreams. All big men are dreamers. They see things in the soft haze of a spring day or in the red fire of a long winter's evening. Some of us let these dreams die, but others nourish and protect them nurse them through bad days till they bring them to the sunshine and light which comes always to those who hope that their dreams will come true.
Woodrow Wilson
We need to be careful not to harbour any resentment against those who harm us, but rather to pray for them with love. Whatever any of our fellow men does, we should never think evil of him. We need always to have thoughts of love and always to think good of others. Look at Saint Stephen the first martyr. He prayed, Lord, do not hold this sin against them. We need to do the same.
Porphyrios of Kafsokalyvia
