Quotes from John Brian Taylor

The Fed has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that uncertainty that the balance sheets of financial firms are credible. -Anna J. Schwartz interviewed in the Wall Street Journal, October 18-19, 2008.

On December 16, 2008, George W. Bush said that "to make sure the economy doesn't collapse. I've abandoned free market principles to save the free market system." And on January 8, 2009, Barack Obama said, "Only government can break the vicious cycles that are crippling our economy.