But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.
[N]o country can be well governed unless its citizens as a body keep religiously before their minds that they are the guardians of the law and that the law officers are only the machinery for its execution, nothing more.
When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.
Government does not create wealth. The major role for the government is to create an environment where people take risks to expand the job rate in the United States.
I think the oversight is great, and I think that oversight ought to be devoted almost entirely to the question is this being done at market you know. In other words, you want to make sure that the government isn't investing foolishly. But you don't want to care about which congressional districts it goes to or whether banks get favored over.
Our campaign was not hatched in the halls of Washington -- it began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston. ...This is your victory.
A writer is like a gypsy. He owes no allegiance to any government. If he is a good writer he will never like any government he lives under. His hand should be against it and its hand will always be against him.
Whether manufactured by black, white, brown or yellow hands, a widget remains a widget – and it will be bought anywhere if the price and quality are right. The market is a more powerful and more reliable liberating force than government can ever be.
The prudent capitalist will never adventure his capital . . . if there exists a state of uncertainty as to whether the Government will repeal tomorrow what it has enacted today.
America is governed by rules of law, and those are not ones that the President of the United States or anybody else can just set aside for the sake of expediency Even when we are deeply supportive of Turkish democracy, and even when we care deeply about any attempts to overthrow their government or any other illegal actions, we've got to go through a legal process.
As long as the government's actions are secret, it cannot be held accountable. A government for the people and by the people should be transparent to the people.
The national government...will maintain and defend the foundations on which the power of our nation rests. It will offer strong protection to Christianity as the very basis of our collective morality.
The laws of Nature, that is to say the laws of God, plainly made every human being a law unto himself, we must steadfastly refuse to obey those laws, and we must as steadfastly stand by the conventions which ignore them, since the statutes furnish us peace, fairly good government, and stability, and therefore are better for us than the laws of God, which would soon plunge us into confusion and disorder and anarchy if we should adopt them.