"The social system of private property and limited government is the only system that tends to debarbarize all those who have the innate capacity to acquire personal culture."
~Ludwig von Mises
Mar 5, 2011
Sam Zell on US debt and inflation expectations
I don't know who's buying 30-year fixed-rate debt. I don't understand TIPS, which are projecting 30 years of benign inflation. I mean, this is the Tooth Fairy coming back in spades.
~Sam Zell, chairman, Equity Investments, CNBC, March 3, 2011
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