Sublime

Rayburn would say, “I’m not for sale”—and then he would walk away without a backward glance, as he had walked away from a President. His integrity was certified by his bankbook. At his death, at the age of seventy-nine, after decades as one of the most powerful men in the United States, a man courted by railroad companies and oil companies, his

On April 13 FDR asked Congress for legislation to protect individual home owners from foreclosure. Home ownership was a guarantee of social and economic stability, said Roosevelt, and to protect home owners from “inequitable enforced liquidation at a time of general distress is a proper concern of the Government.”

A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.

Warren’s house in Emerald Bay became newsworthy later on during Arnold (“The Terminator”) Schwarzenegger’s successful 2003 campaign to become governor of California. Initially, Buffett was a supporter and an economic adviser to Arnold. One campaign issue was how to cut California’s budget deficit. The problem was caused largely by the anti-tax

By 1957, $133,000,000 of public monies had been expended on urban renewal in all the cities of the United States with the exception of New York; $267,000,000 had been spent in New York.

George Stigler, a thirty-five-year-old economist at the University of Minnesota. Inflation had diluted the 40-cent minimum wage, and people were calling for an increase to 60 or even 75 cents an hour, which translates to $9.51 and $11.88 in June 2022 dollars. “Economists have not been very outspoken on this type of legislation,” Stigler wrote. “It