Tuesday, October 4, 2011

Quote of the Day


"We were very lucky, actually, I never voted for President Bush, but he made the most profound statement in all of economics.  I mean, people heard about Adam Smith's invisible hand, and they've heard about animal spirits, and comparative advantage with Ricardo, but nobody topped George Bush when he stepped out there on the front lawn in September of 2008 and said the immortal ten words of economics.  He said, "If money doesn't loosen up, this sucker could go down."  (Laughter.)  That should be etched up there in the pantheon of great economists. And that message got through to the people that were working with him, and it finally got through to the U.S. Congress, and we came through it.  But Europe has not yet had anybody that can speak with that voice and that can cause the others to march behind them."

-Warren Buffet  
At Fortunes 'Most Powerful Women's Conference' Oct. 4th, 2011 

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