Quotation of the Day…

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… is from Wall Street Journal columnist Matthew Hennessey’s May 27th, 2025, piece titled “JD Vance Is Wrong: The Market Isn’t a ‘Tool’”:

Markets, whether for cheap consumer goods or government bonds, can’t be bullied into compliance with a political agenda. They aren’t governed by the philosophies and desires of men like Mr. Vance. They are governed by the laws of economics the way the physical world is governed by the laws of gravity. You can moan about them all you want, you can lament the trade-offs they demand and the constraints they impose, but you can’t ignore or wish them away. No amount of political will or spilled ink can overrule them. Supply and demand are undefeated.