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— Gautama Buddha"Persevere in thy quest and thou shalt find what thou seekest. Pursue thy aim unswervingly and thou shalt gain victory. Struggle earnestly and thou shalt triumph."
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A university anywhere can aim no higher than to be as British as possible for the sake of the undergraduates, as German as possible for the sake of the public at large-and as confused as possible for the preservation of the whole uneasy balance.
— Clark Kerr
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Then, when the Fed's fire hoses started spraying an elephant soup of liquidity injections in every direction, and its balance sheet grew by $1.3 trillion in just thirteen weeks compared to $850 billion during its first ninety-four years, I became convinced that the Fed was flying by the seat of its pants, making it up as it went along. It was evident that its aim was to stop the hissy fit on Wall Streetm and that the thread of a Great Depression 2.0 was just a cover story for a panicked spree of money printing that exceeded any other episode in recorded human history.
— David Stockman
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