Anna Schwartz Quotes & Sayings

I will still get angry at Ivan the coachman, I will still argue, I will express my thoughts ineptly, there will be a wall between the holy of holies of my soul and other people, even my wife; I will still blame her for my own terror and then repent of it, I will still not understand with my reason why I pray, and will go on praying - but my life now, my whole life, regardless of whatever may happen to me, each minute of it, is not only not meaningless, as it were before, but possesses the undoubted meaning of that goodness I have the power to put into it! — Leo Tolstoy

The Fed has gone about as if the problem is a shortage of liquidity. That is not the basic problem. The basic problem for the markets is that uncertainty that the balance sheets of financial firms are credible.
-Anna J. Schwartz interviewed in the Wall Street Journal, October 18-19, 2008. — John Brian Taylor