There Are No Easy Choices. Easy Choices

We Need, In Effect, To Make The Phantom 'lock-boxes' Around The Trust Fund Real.

While Local Economies May Experience Significant Price Imbalances, A National Severe Price Distortion Seems Most Unlikely In The United States, Given Its Size And Diversity.

I've Been In And Out Of Wall Street Since 1949, And I've Never Seen The Type Of Animosity Between Government And Wall Street. And I'm Not Sure Where It Comes From, But I Suspect It's Got To Do With A General Schism In This Society Which Is Really Becoming Ever More Destructive.

When Trust Is Lost, A Nation's Ability To Transact Business Is Palpably Undermined.

Any Onset Of Increased Investor Caution Elevates Risk Premiums And, As A Consequence, Lowers Asset Values And Promotes The Liquidation Of The Debt That Supported Higher Asset Prices, ... This Is The Reason That History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.