Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

Modern man drives a mortgaged car over a bond-financed highway on credit-card gas.

Literature was formerly an art and finance a trade; today it is the reverse

Literature was formerly an art and finance a trade; today it is the reverse

Alexander Hamilton originated the put and take system in our national treasury: the taxpayers put it in, and the politicians read more

Alexander Hamilton originated the put and take system in our national treasury: the taxpayers put it in, and the politicians take it out.

One-third of the people in the United States promote, while the other two-thirds provide.

One-third of the people in the United States promote, while the other two-thirds provide.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

A holding company is a thing where you hand an accomplice the goods while the policeman searches you.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

We estimate the wisdom of nations by seeing what they did with their surplus capital.

Finance, like time, devours its own children.

Finance, like time, devours its own children.

Finance is the art of passing currency from hand to hand until it finally disappears.

Finance is the art of passing currency from hand to hand until it finally disappears.