People From Connecticut

""He commanded that something should be given her to eat." Has any body's daughter or any body's son been raised from spiritual death in your congregation, or in your class recently? If so, give the revived soul something to eat."

"There is a great deal too much in the world, of the "heavenly-mindedness" which expends itself in the contemplation of the joys of paradise, which performs no duty which it can shirk, and whose constant prayer is to be lifted in some overwhelming flood of Divine grace, and be carried, amidst the admiration of men and the jubilance of angels, to the very throne of God."

"In the time of Jesus the mount of transfiguration was on the way to the cross. In our day the cross is on the way to the mount of transfiguration. If you would be on the mountain. you must consent to pass over the road to it."

"The moment you accept God's ordering, that moment your work ceases to be a task, and becomes your calling; you pass from bondage to freedom, from the shadow-land of life into life itself."

"Just as sure as the days go by, Jesus will come to us, looking for fruit; and He will come in personal hunger, needing and longing for the fruit which we might have ready for Him."

"It takes practice to use one's eyes, even when God has opened them. And there are some believers who never get beyond confounding a doctrinal statement of a truth with a living exemplification of that truth."

"Here is where a great many professed disciples of Jesus fail of being real disciples. They have regularly enlisted, have put on their uniform, and there they stand before the recruiting office, with knapsacks and blankets on their backs, with muskets at "carry," marking time to the martial music — although some of them don't do even that; and there they have stood since their enlistment, never marching a rod."

"If a man is unable to find the way to Jesus, he ought to be led. It is good work this bringing the blind to Him who alone can give them sight."

"Jesus has never slept for an hour while one of His disciples watched and prayed in agony."

"There are ever two ways of striving to fill one's place in the world: one is by seeking to prove one's self useful; the other, by striving to render one's self useless. The first way is the commoner and the more attractive; the second is the rarer and more noble."

"A loving trust in the Author of the Bible is the best preparation for a wise study of the Bible."

"An over-readiness to criticise or to depreciate a minister of Christ is proof of a lack of devotion to Christ."

"Attention is our first duty whenever we want to know what is our second duty. There is no such cause of confusion and worry about what we ought to do, and how to do it, as our unwillingness to hear what God would tell us on that very point."

"Not prayer without faith, nor faith without prayer, but prayer in faith, is the cost of spiritual gifts and graces."

"Dodd's proposal takes regulatory authority away from one unaccountable institution and gives it to another even bigger one. This will not solve our problems."

"If anyone was questioning whether or not Peter Schiff was truly a Republican, he's certainly made it clear today. After eight years of the Bush Administration's lax regulation and market-first mentality, the last thing we need is to further reduce regulation and allow Wall Street to run the show. Chris Dodd is leading the way to put a balance back into a system that for years has been too far out of whack and ensure that consumers are protected first and foremost."

"Existing regulators had all the powers they needed, and more, and they failed miserably to foresee and prevent this crisis. Chris Dodd is now asking us to put all our eggs in one basket and trust a "super regulatory agency." He should know better than to centralize power in the hands of Washington bureaucrats - it's precisely the arrangement that caused our current problems. I think most Connecticut voters know that we need fewer czars in Washington, not more. As long as Fannie and Freddie and Congress are meddling with the economy, changing the structure of the regulators is basically rearranging deck chairs on the Titanic."

"Schiff likes to say he 'predicted' the financial collapse, but with ludicrous theories like these, we're predicting that he'll never be a U.S. Senator."

"I'm interrupting my career. It's not like I want my new career in politics. But I'm willing to interrupt it the same way that somebody interrupted their career and joined World War II and went off to fight the Nazis. I don't think that I'm that heroic, and I don't think I'm risking as much as a soldier. But it's the same principle."

"While it's refreshing to see Chris Dodd finally realize that we need to end the politicization of the Federal Reserve, his latest proposal merely repeats the mistakes that have created this crisis."

"Paying attention to the CPI and the others is like leaving your house on a rainy day without carrying an umbrella because a government weather report told you it was sunny."

"Transferring regulatory authority from one unaccountable agency to another will not solve any problems."

"Nobody is entitled to someone else's money, that is the bottom line. People think they are entitled to it because they think they paid into it, nobody paid into anything, it was a fraud. Every single dollar that the gov collected in social security taxes, has already been spent, there is nothing there, there is no money, so the only money the government gets to make current payment is the money it can take from people who are still working. Its a transfer from the working poor in many cases to the retired rich. We don't have the money, I feel bad for the fact people made promises we can't keep, I feel bad for the people that invested with Bernie Madoff and lost their money, but its the same principle, its the same Ponzi scheme. We have to put an end to it, we have to find real solution to these problems because if we keep on denying that they exist and keep on spending money, we're going to destroy the value of everyone's benefits."

"[Consumer credit] is like giving yourself a blood transfusion from your left arm to your right. Nothing is accomplished, except the possibility of spilling blood on the floor. But it's not even that benign."

"The real bubble in China is in US Treasuries, in US dollars."

"What America has succeeded in creating is not an economy impervious to shocks, but merely one which enables their consequences to be postponed to a later date."

"There are no checks and balances if the gov is wrong, if a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut, if he bets wrong, he loses, if the gov bets wrong, they just get bigger, they just appropriate more money, it's a bottomless pit, because they either get it from the tax payers or run it off a printing press."

"Too many people in Connecticut are struggling right now, and the last thing we need is meddling politicians making things worse. Only by cutting deficit spending, reducing burdensome regulations, and letting people keep more of their hard-earned dollars will we get our economy back on track."

"...it is the natural tendency of market economies to lower prices that makes them so successful."

"When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed."

"I'm not saying it wasn't a crime. I just saying it's not pedophilia. When I was in college I had sex with under age girls. That doesn't make me a pedophile."

"Real economic growth emanates from increased productivity, which tends to hold prices down."

"One of the biggest attractions of the euro is that it is seen as the most likely candidate to replace the dollar as the reserve currency."

"… it is precisely because it is not a democracy that China will likely be so successful...What is of vital importance for economic success is economic freedom, meaning the protection of private property, the rule of law, and minimal regulation and taxation, not the right to vote."

"It is a common misconception that low wages are the main factor influencing prices. The reality is that low capital costs, and the absence of taxation and regulation, are far more important."

"Borrowing to build factories is not the economic equivalent of borrowing to buy television sets, and it’s amazing just how few modern economists can see the difference...Borrowing to produce is the way poor countries become rich. Borrowing to consume is the way rich countries become poor. A vivid example of the latter is the stream of container ships unloading at U.S. ports and going back empty because we have nothing to ship."

"Think about all the rules and regulations American businesses have to deal with. How can we compete with nations that don’t impose those excessive burdens? Does anyone think that the United States could ever have become a great power with all the rules, regulations, and taxation that exist today?"

"Here’s why I would recommend against [selling the U.S. stock markets short]....Retail brokers normally require investors to hold any short-sale proceeds in U.S. dollars, usually earning no interest. The dollar, seen through my famously jaundiced eye, could lose more purchasing power than the security you sold short lost value....I’ve got a much better idea, which is to borrow dollars and spend them to acquire foreign income-producing assets, using the income to pay the interest."

"In the long run, the euro as a fiat currency may very well fail like the U.S. dollar. (2006, before Greece)"

"In the perspective of previous bear markets, notably those of the 1930s and the 1970s, the prospects look even worse. Economic conditions now are as bad as or worse than what existed then."

"If Enron had been forced to pay cash dividends, it could never have pulled that caper off!"

"It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management."

"Non-dividend-paying growth stocks can be attractive but should be viewed as speculation rather than investing."

"Mutual funds are an overrated investment heavily promoted by Wall Street."

"Inflation is the unhappy result of our monetary mismanagement and the ultimate cause of the coming economic collapse."

"While we’ve been buying time, things have gone from bad to worse. We have debased our currency so much it is already beyond control. We just haven’t felt the full impact yet because we have had massive artificial support from abroad."

"If you think mutual funds aren’t a flagrant enough example of conflict of interest, try hedge funds."

"Stocks that are selected conservatively and pay high cash dividends [higher than bonds] are, in fact, my favorite investment alternative, especially where there is the prospect of currency profits...."

"Today, of course, our current inflation problem is firmly rooted in the irresponsible monetary policies of maestro Greenspan."

"The Constitution denies the states the power to make anything other than gold or silver coins legal tender in payment of debts."