The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

-F.A. Hayek

Central Planning | Decentralization | Economics | Hubris | Ignorance

A Hideous Hermaphroditical Character which has neither the Force and Firmness of a Man, Not the Gentleness and Sensibility of a Woman

-Written by Thomas Jefferson about John Adams who paid journalist James Thomson Callender to publish it

General Jackson’s mother was a common prostitute, brought to this country by the British soldiers! She afterwards married a mulatto man, with whom she had several children, of which number General Jackson is one!

-The Cincinnati Gazette 1828 on General Jackson

To be turned out by the Pimp of the White House

-Congressman Kenneth Rayner on President Franklin Pierce

Bastard Brat of a Scotch Peddler

-John Adams on Alexander Hamilton

is a situation found in chess and other games wherein one player is put at a disadvantage because they must make a move when they would prefer to pass and not move. The fact that the player is compelled to move means that their position will become significantly weaker.

The second half of a man’s life is made up of nothing but the habits he has acquired during the first half

-Fyodor Dostoevsky

The proper function of man is to live, not to exist. I shall not waste my days in trying to prolong them. I shall use my time.

-Ian Fleming

Everytime you hear EBITDA substitute it with bullshit earnings.

-Charlie Munger