“So if debt is unpayable, and is steadily increasing, does there have to come a moment when the debt is repudiated?”
Mis-Inflation, p. 62
A Talent in the Ground
“A guy in a bunker with a chest full of gold might survive okay, but God put us here to thrive, not simply survive. The issue is not whether he is putting his resources into the right kind of investment, but rather whether he is becoming the right kind of man.”
Mis-Inflation, pp. 60-61
Even If the Debt Were Increasing in Real Terms
“If the government debt load is shrinking relative to the GDP, then we are moving in a direction where government spending has decreasing influence over a growing economy.”
Mis-Inflation, p. 45
Can’t Do Everything
“It seems to me that our team is really good at explaining the fact of having fallen off the skyscraper, and really bad at judging the distance to the sidewalk.”
Mis-Inflation, p. 20
Like a Balloon
“Given the amount of helium we have been pumping into the economy in recent years, it is a very real question to me why that economy hasn’t floated off yet.”
Mis-Inflation, p. 4
Pick Your Poison
“We talk about how reckless government spending really is a catastrophic thing, but how the looming catastrophe might not be what everyone was anticipating—more like carbon monoxide poisoning than a giant fireball.”
Mis-Inflation, p. vi
An Even Emptier Glass
“We are not arguing that the glass is half full when most conservatives say it is half empty. We are saying that everybody is looking at the wrong glass, and the one we are looking at is even emptier.”
Mis-Inflation, p. v
Even More Wicked
“The dragon obeys all the rules of the story. He hates them, but he obeys them. If you ever meet a dragon in a story that does not obey the rules, then that story is even more wicked than the dragon is.”
Black Magic Woman
“Just inside the door, was something that looked like a giant spider, but just for a moment. Andrew blinked and instead there was a beautiful woman, with a red sash and white robe, raven hair, and eyes as black as the knife in his pouch.”
Just a Little One
“The longer he had been in Greenland, the more he had felt his spirits rising, and the less he feared meeting the dragon. In fact, on some mornings, he was almost looking forward to meeting the dragon. And maybe there was something here for him to fight. Maybe a little dragon for practice.”