Quotes of the day

I am still of the opinion that as long as there is a sizeable minority saying that the market has capitulated, the market has not capitulated.--Megan McArdle

The problem with Citi, I think, is not that it's too big to fail, but rather that it's too big to rescue.--Felix Salmon

A purposive qualifying phrase that contradicts the word or phrase it modifies is unknown this side of the looking glass (except, apparently, in some courses on Linguistics)….[I]f “bear arms” means, as the petitioners and dissent think, the carrying of arms for military purposes, one simply cannot add “for the purposes of killing game.” The right “to carry arms in the militia for the purpose of killing game” is worthy of the mad hatter.--Antonin Scalia, writing for the majority in District of Columbia v. Heller