Thoughts For Today
On who will pay for the economic "bailouts?"
"Your children and mine. Not in the form of debt, which is the standard answer, although they'll pay for that too. But the real cost is, to me, that we will lose the goose that lays the golden eggs -- which is our unbelievably flexible and powerful financial system. We have -- until recently -- had the best capital market in the world. We look across both the stock market down to venture capital to angel investing -- the opportunity to find financing for great ideas was really unparalleled in the United States. That right now is at a standstill. If it does not come back, we will all be poorer for it."
-- Russell Roberts, George Mason University economics professor, pundit, author (Oct. 18)
And about 'public' transit:
"For most transit agencies in the United States, if they were to write a mission statement that is reflective of what they do, they would indicate that they exist for the purpose of serving their employees and vendors."
-- Wendell Cox, International transportation guru (May 31)
HT Bill Steigerwald's "2008 - The Year in Quotes" column at Townhall.com (Dec. 30)