Quotes of the day

...people who frown in photos are five times more likely to get a divorce than people who smile.--Clara Moskowitz

TARP has become a little bit of a scarlet letter.--Jamie Dimon

But picture Isaac Newton scribbling down the laws of physics every day, and every night God comes in and erases the scribblings, changes the laws, and fiddles with the constants. That is what macro is like.--Arnold Kling

Days after North Korea launched, Mr. Obama announced he wants to reduce our nuclear arms inventory so as to "give us a greater moral authority to say to Iran, don't develop a nuclear weapon; to say to North Korea, don't proliferate nuclear weapons." Who would ever invoke "moral authority" with Somalia's pirates? So why North Korea or the others?--Daniel Henninger