James Grant: “I didn’t want to do deadly force.”

I see a bubble in Treasury securities. I see a bubble in sovereign debts worldwide.

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.

The Fed has created a high-yield bond market without the yield.