Recent Blog Posts
-
The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
Dec 19 20087:52 pm EDT -
S.E.C. Short-Sale Ban: Pretty Much Useless
Dec 19 20083:45 pm EDT -
Advice from Japan: Don't Forget TARP 1
Dec 19 20082:31 pm EDT -
Chart of the Day: Money Market Stress Easing
Dec 18 20088:57 pm EDT
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Words of Wisdom
Arthur Laffer speaking last month to graduates of Mercer University:
Pursuing your dream of prospering will benefit everyone . . . When I graduated from Yale University, we had a serious commencement speaker not like the one you are stuck with today. The commencement speaker was President John F. Kennedy. And the point I'm making today is the same point he made all those years ago. He said, "No American is ever made better off by pulling a fellow American down, and all of us are made better off whenever any one of us is made better off." He concluded by using the analogy that "a rising tide raises all boats."
Never forget or be ashamed of the fact that pursuing your own self interest furthers everyone's interest. Without you, the poor would be poorer.
And from new New York Mets manager Jerry Manuel:
Manuel met resistance from a helmet-tossing Jose Reyes on Tuesday night, when the shortstop's left hamstring tightened and he didn't want to leave the game. Reyes eventually headed for the showers, and shortly afterward apologized to Manuel for the well-intentioned insubordination. "I told him next time he does that I'm going to get my blade out and cut him. I'm a gangster. You go gangster on me, I'm going to have to get you. You do that again, I'm going to cut you right on the field," quipped Manuel
Emphasis mine.






