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The genius of happiness is still so rare. To possess it means to approach life with the humility of a beggar, but to treat it with the proud generosity of a prince; to bring to its totality the deep understanding of a great poet and to each of its moments the abandonment and ingenuousness of a child.

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Paul Volcker

The standard of living of the average American has to decline.

American, Average, Decline, Living, Standards
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It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking. ' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

Century, Fact, Facts, Gold, Inflation, Unique

The only thing useful banks have invented in 20 years is the ATM.

Atm, Banks, Thing, Years

What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.

Business, Dancing, Life, Real, Rich

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

Business, Financial, Giving, Innovation, Shred

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

Anymore, Benefits, Facts, Good, People, Thought
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