Benjamin Graham

The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking

— A. A. Milne

There are several measures that the Fed (or any central bank) can take to reduce the risk of falling into deflation. The U.S. Government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost

— Ben Bernanke, successor to Fed. Chairman Alan Greenspan: November, 2002 at the National Economists Club, Washington, D.C.