The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before. – Ron Chernow
We really havent had very much experience with people funding their retirement out of the stock market, and we dont know, frankly, how it would work under every scenario. – Ron Chernow
The public has lost faith in the ability of Social Security and Medicare to provide for old age. Theyve lost faith in the banking system and in conventional medical insurance. – Ron Chernow
There will be trying times during Obamas presidency, and liberty will need staunch defenders. Can Obama reshape liberalism to be, as it was under F.D.R., a fighting faith, unapologetically patriotic and strong in the defense of liberty? That would be a service to our country. – Bill Kristol
Then your words of abuse today may turn into a universally valid principle of denigration, for words are magical formulae. They leave fingermarks behind on the brain, which in the twinkling of an eye becomes the footprints of history. One ought to watch one’s every word. – Franz Kafka, quoted by Gustav Janouch, Conversations with Kafka