James Grant: “I see a bubble in Treasury securities. I see a bubble in sovereign debts worldwide.”

I didn’t want to do deadly force.

The price mechanism is our indispensable contrivance, and without it, the store shelves would be stocked with things we don't want, if they would be stocked at all.

I said, ‘Get on the ground. Get on the ground. Get on the ground. Get on the ground.

I believe that the Fed ought to be doing much less than what it is doing, and it could do with many fewer economists.