Birth: October 14, 1983
The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years.….
Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're p….
The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standa….
The commercial paper market, when that dries up, you know, that's just like sucking the blood out of the economic body of the United States..
Soil is a living ecosystem and is a farmer's most precious asset. A farmer's productive capacity is directly related to the health of his or her soil..
I mean people -- people don't get -- they don't get smarter about things that get as basic as greed and you can't stand to see your neighbor getting ….
You want to be greedy when others are fearful..
As long as you have markets, you'll have excesses. People went crazy with tulip bulbs. They went crazy with the South Sea Bubble, they went crazy int….
If you owe money, you can't pay them out. You just pay for everything, you do smart things, you eventually get very rich. If you do smart things and ….
I mean, the job is Pearl Harbor. And you better not spends weeks and weeks and weeks trying to assign blame or deciding on a complete plan for fighti….
We have a terrific economy, it's like a great athlete that's had a cardiac arrest..
You may be very mad at some guy that walked away with a huge golden parachute, but that really isn't the important thing. I mean, if Pearl Harbor cam….
People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X..
You can go back to tulip bulbs in Holland 400 years ago. The human beings going through combinations of fear and greed and all of that sort of thing,….
I think it's terrible for people in effect to say that income from investment should be taxed at a much lower rate than income from labor..
Beware of geeks, you know, bearing formulas..
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at th….
I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp. That goes back to 1932, although it was really….
We had the great depression, we had two world wars, we had the flu epidemic. We had oil shock. We had all these terrible things happen. But something….
Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system..
The good thing is, we have household formation in this country. We have a country where I don't know whether it's a million households a year or more….