It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
I had the honor to meet Geraldine Ferraro on a few occasions over the years at the DNC and what struck me was how she managed to be both gutsy and graceful at the same time. Without a doubt she was a trailblazer who not only stepped outside the box but who dared to redefine it. I always left her presence with the sense that she truly knew what she was talking about but that she never felt the need to browbeat you with it - instead she inspired people to listen and then act, and to me thats the hallmark of a true leader.
It exasperated her to think that the dungeon in which she had languished for so many unhappy years had been unlocked all the time, and that the impulses she had so carefully struggled with and stifled for the sake of keeping well with society, were precisely those by which alone she could have come into any sort of sincere human contact.
I'm not that worried about [my parents] right now because they are happy people. I'm pleased that in their later years, in spite of physical ailments, they're upbeat.
Confidence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. It's indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing to think about.
Year-end financial statements express a truth about office life which is no less irrefutable yet also, in the end, no less irrelevant or irritating than an evolutionary biologist's proud reminder that the purpose of existence lies in the propagation of our genes.
It is this world, a world where cruise ships throw away more food in a day than most residents of Port-au-Prince see in a year, where white folks' greed runs a world in need, apartheid in one hemisphere, apathy in another hemisphere...That's the world! On which hope sits!
You've got to be taught, to hate and fear,
You've got to be taught, from year to year,
It's got to be drummed in your dear little ear,
You've got to be carefully taught.
I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.
We went back on a very similar manifesto to things I believe in. The difference is that after eighteen months to two years he did the biggest U-turn on policy of all time and started to go the wrong way. In the end, that cost us the next election.