Third, the bubble bursters argue that the Greenspan-Bernanke policy is inherently inflationary because of a built-in asymmetry.

The lifetime-job program was one of the concessions that the UAW won from Ford, and later from General Motors, in return for labor cost savings during contract negotiations […] Perhaps it is this rethinking of labor’s needs, on the parts of both unions and management, that will surface as the most important gain from the lifetime-job experiment.

The conjuration of Catiline.

The fire of his eye was unquenched, the rose of his cheek unpaled, and the only effect of seventy summers to be seen upon him was the snowy whiteness of his hair.