Quotes of the day

In any case, it does not help for Congressfolks to complain about "reckless lending" on the one hand and complain about "under-served borrowers" on the other. Today's under-served borrower is tomorrow's reckless loan. The scariest mortgage-market amateurs in the whole system are our elected legislators. That is what makes the government-sponsored enterprise model inherently unstable and unwise.--Arnold Kling

... wouldn't T. Boone Pickens' "greatest transfer of wealth in the history of mankind" be a transfer of wealth in the form of valuable natural resources (oil) TO the United States, and not a transfer of wealth FROM the United States in the form of paper currency?--Mark Perry

Why is that liberals want to test everything -- lead levels, stockbroker emails, etc -- except the performance of government workers -- e.g., teachers?--Mick Danger

When an environmental group formed for the sole purpose of opposing offshore oil drilling warmly embraces a plan to drill off its own coast, you know something important has changed in our culture: Americans have recognized that offshore oil drilling is largely safe.--Andrew Cline

Women do not find it difficult nowadays to behave like men, but they often find it extremely difficult to behave like gentlemen.--Sir Compton MacKenzie