Asset Quotes - page 3
The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.
Ron Paul
We will work to prevent and repair damage by Saddam Hussein's regime to the natural resources of Iraq and pledge to protect them as a national asset of and for the Iraqi people. All Iraqis should share the wealth generated by their national economy. We will seek a swift end to international sanctions, and support an international reconstruction program to help Iraq achieve real prosperity and reintegrate into the global community.
George W. Bush
Unfortunately, pragmatism is not always good politics. The greatest asset of mid-20th century social democracy-its willingness to compromise its own core beliefs in the name of balance, tolerance, fairness and freedom-now looks more like weakness: a loss of nerve in the face of changed circumstances. We find it hard to look past those compromises to recall the qualities that informed progressive thought in the first place: what the early 20th century syndicalist Edouard Berth termed "a revolt of the spirit against... a world in which man was threatened by a monstrous moral and metaphysical materialism.”.
Tony Judt
Our Constitution has raised certain barriers against too hasty change. I believe such provision is wise. I doubt if there has been any change that has ever really been desired by the people which they have not been able to secure. Stability of government is a very important asset. If amendment be made easy, both revolution and reaction, as well as orderly progress, also become easy. The nation has lost little, but has gained much, through the necessity of due deliberation. The pressing need of the present day is not to change our constitutional rights, but to observe our constitutional rights.
Calvin Coolidge
