Quote of the Day
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.
Reserve your right to think, for even to think wrongly is better than not to think at all.
Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
We reserve the term 'genius' for people who are creative, who are innovators, who think in ways that are entirely new. In the Middle Ages, the term 'genius' was reserved for people with the best memories. That is telling.
Our worldly successes cannot be guaranteed, but our ability to achieve spiritual success is entirely up to us, thanks to the grace of God. The best advice I know is to give is to give those worldly things your best but never your all - reserve the ultimate hope for the only one who can grant it.
Our policy is very simple. The Jewish state was set up to defend Jewish lives, and we always reserve the right to defend ourselves.
I mean, I'm a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That's the case in Britain. We're not a reserve currency, so we need to get on and deal with this issue.
The need for a non-veteran reserve became painfully obvious in the Korean war when many of the men who were being called to serve were World War II veterans participating in Ready Reserve units.
J. Anthony Lukas
We reserve our deepest respect and admiration for those who volunteer for service and give their lives to help keep our nation secure.
The only real security that a man can have in this world is a reserve of knowledge, experience and ability.
Love is a sacred reserve of energy; it is like the blood of spiritual evolution.
Pierre Teilhard de Chardin
We human beings are strange creatures and still reserve the right to think for ourselves.
The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.
Mankind will never win lasting peace so long as men use their full resources only in tasks of war. While we are yet at peace, let us mobilize the potentialities, particularly the moral and spiritual potentialities, which we usually reserve for war.
John Foster Dulles
Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.
A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.
P. J. O'Rourke
There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.
I really enjoyed staying at an encampment at the top of a hill in the Samburu Reserve in Kenya. You reach it on a small plane; there is no electricity, no city noises and you sleep and shower under the Milky Way, with moths fluttering around a kerosene lamp, knowing that there are elephants and lions roaming free in the valley.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
The reserve of modern assertions is sometimes pushed to extremes, in which the fear of being contradicted leads the writer to strip himself of almost all sense and meaning.
There are a few things that people all around the world need to admit to themselves. Trade restraints slow economic growth, the euro is not a reserve currency, and scoreless sports ties are boring.
P. J. O'Rourke
Prices are going up. Unemployment continues to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.
I like Mitt Romney as a person. I think he's a dignified person. But I have no common ground on economics. He doesn't worry about the Federal Reserve. He doesn't worry about foreign policy. He doesn't talk about civil liberties, so I would have a hard time to expect him to ever invite me to campaign with him.
The reason most people don't express their individuality and actually deny it, is not fear of what prime ministers think of us or the head of the federal reserve, It's what their families and their friends down at the bar are going to think of them.
There are unknown forces in nature; when we give ourselves wholly to her, without reserve, she lends them to us; she shows us these forms, which our watching eyes do not see, which our intelligence does not understand or suspect.
John F. Kennedy
Martin Luther King, Jr.
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