I was at the Dallas Federal Reserve Bank today, and I got to hear one of my favorite Fed economists and lecturers, Thomas Siems, and he always includes some quotes from Winston Churchill. Here are two of today’s:

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”

“You can always count on Americans to do the right thing—after they’ve tried everything else.”