The legislative cannot transfer the power of making laws to any other hands: for it being but a delegated power from the people, they who have it cannot pass it over to others.

The beauty of instrumental variables is that they allow us to see the world in a new light.

The bond market is the ultimate judge of value.

朋友相逢欢聚却不饮酒，连洞口的桃花也会笑话。

脆弱不是软弱，而是彻底的诚实。