John Lee: “Until [the price of] long bonds decisively break[s] down, we continue to see a soft landing in the US housing market.”

Droke: “Now that the Fed has once again gotten what it wanted, viz., a housing market slowdown, it has finally started opening the monetary spigot.”

Tustain:

America “has been more restrained in the use of its great power than any country which ever found itself at the top of the heap… Everything is being put at risk through reckless American finance.”

“There is a steady shift eastwards of the world’s gold reserves.”

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“Procrastination is the grave in which opportunity is buried.” – source unknown. Quoted by Palha.

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“Microcredit or Macrowelfare: The Myth of Grameen” by Jeffrey Tucker

Mises (Human Action): “Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.” Quoted by Herbener.

Herbener:

“Economic progress is hampered not only by legislation's deviations from the natural law, but by the uncertainty it introduces into social life.” [With reference to Hoppe’s “The Idea of a Private Law Society.”]

“If the institutions of society sit above the state, then they can constrain the state.”

RALPH RAICO - - "The Theory of Economic Development and the 'European Miracle,'" in Peter J. Boettke, ed., The Collapse of Development Planning (New York: New York University Press, 1994)

The importance of decentralization.

“Each step forward in the development of capitalism was possible because of a decentralized political system and each step backward was from political centralization.”

“By restoring natural rights and civil society, the state will recede once again.”

Financial Times, 8 November 2006, “Constant cravings”:

“Credit derivative spreads have, unusually, fallen below risk premiums on the bonds that underlie them… [This] reflects investors’ quest for yield, almost irrespective of risk.”

Barney Johnson:

“Heads of the ‘big four’ accounting firms and two others plan to say that the financial reporting model of the 20th century has become redundant… The large discrepancy between the ‘book’ and ‘market’ values of many listed companies is clear evidence that the content of traditional financial statements is of limited use, the firms say.” (Financial Times, 8 November 2006, “Big Four in call for real-time accounting”)

Jim Willie:

“The recent [dollar] rally has been incredibly weak in my view, given what has occurred with the energy market.”

Mark Thornton: “…central banks and fiat money blind us to our source of poverty.”