Investors are worried that something is going to blow up tomorrow — they just think it’s a crazy world.

Everything reminds Milton Friedman of the money supply. Well, everything reminds me of sex, but I keep it out of the paper.

well-functioning markets have no innate tendency to promote excellence in any form. They offer no resistance to forces making for a descent into cultural barbarity or moral depravity.

Given the track record of the Bush administration, he’s done all right by the Fed. But with these next two vacancies, I’d like to see him bring in some people with the capacity to think...

infants typically toiled their way to an early death in the pits and mills of the Black Country.