Tony Dwyer: positively-shaped yield curve is bullish

Please don't get bearish when there's a positively-shaped yield curve.

~ Tony Dwyer, as appeared on CNBC, January 25, 2018

Robert Patton on school vouchers

Those proponents of liberty who advocate the voucher system fail to recognize that, in so doing, they are giving an implicit endorsement to a principle that they profess to oppose. The fundamental premise of the voucher plan is identical to that underlying the present system of state education. The coercive power of the state (which in the final analysis means the threat or use of the gun) will still be used to seize the property of private individuals in the name of an undefinable public good.

~ Robert Patton, The Freeman [April 1971]

Bertrand Russell on conquering fear

Fear is the main source of superstition, and one of the main sources of cruelty.  To conquer fear is the beginning of wisdom.

~ Bertrand Russell