The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.

It is the quality of lending over the quantity of lending.

Quality takes time and reduces quantity, so it makes you, in a sense, less efficient. The efficiency-optimized organization recognizes quality as its enemy. That's why many corporate Quality Programs are really Quality Reduction Programs in disguise.

When you dwindle down quantity, what you are left with is quality

i had fired 9-millimeters before and didn't like them. they weren't as accurate as my .38 special. they weren't as safe, and they could jam. i had never been one to substitute quantity for quality, and there was no substitution for being informed and practiced

One man’s panic funds another’s picnic.