Regulation should focus on reducing the likelihood of runs, not just preventing failures.
监管应侧重于减少挤兑的可能性，而不仅仅是防止破产。
Legal rules are not self-executing; they require human agency to be effective.
我最害怕的莫过于共和国分裂成两个大党，每个党都在其领导人的领导下，相互对立地制定措施。
人是唯一会在同一块石头上绊倒两次的动物。
"The best stories are the ones that make you think, that stay with you long after you've finished reading them."
唯一真正的自由是说“不”的自由。