"We have provided capital here with a..." - Quote by Warren Buffett
We have provided capital here with a couple of institutions recently. The Federal government did that in the '30s for the RFC and I think there could well be a proper role for government in that.
More by Warren Buffett
“I'm happy when I can spend every day doing the things that I like to do. That's my luxury.”
“We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.”
“The best education you can get is investing in yourself, and that doesn't mean college or university.”
More on Government
“Some things the legislator must find ready to his hand in a state, others he must provide. And therefore we can only say: May our state be constituted in such a manner as to be blessed with the goods of which fortune disposes (for we acknowledge her power): whereas virtue and goodness in the state are not a matter of chance but the result of knowledge and purpose. A city can be virtuous only when the citizens who have a share in the government are virtuous, and in our state all the citizens share in the government.”
“Let a crown be placed thereon, by which the world may know, that so far as we approve of monarcy, that in America the law is King. For as in absolute governments the King is law, so in free countries the law ought to be King; and there ought to be no other.”
“Again, a law may be both constitutional and expedient, and yet may be administered in an unjust and unfair way.”
More on Capital
“The avowed policy of non-co-operation has been not to make political use of the disputes between labour and capital.”
“Capital has its rights, which are as worthy of protection as any other right.”
“Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.”