“The desire to avoid short-term hardships leads to major dislocations in [housing] markets.”

“The problem for free-market economists is that their policy recommendations at the dawn of a recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extra-market barriers to price adjustments. This often involves short-term pain in exchange for long-term solutions, when politics rewards short-term solutions that result in long-term pain.”

“One who does a thing in order to avoid a monetary penalty does not agree; he yields to compulsion precisely the same as though he did so to avoid a term in jail."[Justice George Sutherland, in the majority opinion for the Carter Coal case]”

“In a community coursed through by energies every road leads to a worthwhile goal, provided one doesn't hesitate or reflect too long. Targets are short-term, but since life is short too, results are maximized, which is all people need to be happy, because the soul is formed by what you accomplish, whereas what you desire without achieving it merely warps the soul. Happiness depends very little on what we want, but only on achieving whatever it is.”

“You might be tempted to avoid the messiness of daily living for the tranquility of stillness and peacefulness. This of course would be an attachment to stillness, and like any strong attachment, it leads to delusion. It arrests development and short-circuits the cultivation of wisdom.”

“Being in the mood to write, like being in the mood to make love, is a luxury that isn't necessary in a long-term relationship. Just as the first caress can lead to a change of heart, the first sentence, however tentative and awkward, can lead to a desire to go just a little further.”