federal quotes

No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.

- Milton Friedman
  'The Fed Has No Clothes', in The Wall Street Journal,15  Apr.

   What the federal government does basically is borrow money from people and mail it to people.

- George Will
  Of entitlement programs. ABC TV broadcast,19 Sep.