Wilson Mizner Quotes
There's nothing so comfortable as a small bankroll. A big one is always in danger.
Johnston, Alva. The Legendary Mizners. Farrar, Straus and Young, 1953.
The Stock Market went up slightly as a result of his efforts.
The result was regulation of the banks and the creation of the SEC to regulate the stock market, However, over the years, the regulations were not able to keep up with the sophisticated development of new forms of investments and financial instruments and the financial industry were able to speculate with other people’s money in ways that FDR and his reformers never imagined. Finally, even the regulation that did exist was weakened by the policies of the George W. Bush administration and the combination brought about the Great Recession of 2008 where the profits from excess speculation were privatized and the losses, socialized with the taxpayer and the American worker bearing the brunt while most of the speculators were bailed out and made more money than ever. The Obama administration tried to reform the situation, but was unable to put an end to the legal speculation with other people’s money or of having institutions that were “too big to fail.”
The big priorities will focus on the security and economic side because they really go hand in hand.
This quotation Illustrates a conflation of American national security and economics.
Wilson Mizner was an American playwright, raconteur, and entrepreneur. His best-known plays are The Deep Purple, produced in 1910, and The Greyhound, produced in 1912. He was manager and co-owner of The Brown Derby restaurant in Los Angeles, California, and was part of the failed project of his older brother Addison to create a new resort in Boca Raton, Florida. He and Addison are the protagonists of Stephen Sondheim's musical Road Show (alternately known as Wise Guys, Gold!, and Bounce).
