Word: mightly
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...with the necessity of an independent Federal Reserve with the power to act in times of crisis. In the financial system, a bank does not need actually to be running out of money for a bank run to occur; there only needs to be the impression that the bank might be running out of money. This is why all of the major banks only received Troubled Asset Relief Program funds in concert, even though some of them needed the funding more than others. This is also why the Federal Reserve must have the power to support the financial system without...
...amendment violates one of the basic foundational principles of our central banking system: Our economy hinges on the trust that we place in the Federal Reserve to look out for the best interests of the economy at large, independent of any political influence whatsoever. Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker’s raising of interest rates to historically high levels in order to cut inflation in the early 1980s...
...might just be too close to Harvard still to understand what it has meant to me,” Hale says...
...more constructive discussion might acknowledge that the fundamental reason our world is so perilous for young men is our negative conception of manhood. Our culture emasculates men by stripping manhood of its corresponding virtues and reducing manliness to predatory sexuality. Instead of envisioning a gallant standard, Kimmel told the men to always “get consent” before continuing on their merry sexual ways. Consent is a miserable substitute for nobility, a legalistic detour around an incredibly personal situation. It doesn’t necessarily imply mutuality, and in fact, suggests that casual sex is an inherent intrusion...
...vicious or ludicrous as such; but in quantity they become sheer madness. Or induce it. "The twentieth century has never recoverd from the effects of Marx and Freud" (V.G.); "but whether this is a good thing or a bad is difficult to say" (A.E.). Now one such might be droll enough. But by the dozen? This, the quantititative aspect of grading--we are, after all, getting five dollars a head for you dolts and therefore pile up as many of you apiece as we can get--this is what too many of you seem to forget. "Coleridge may be said...