Deval Patrick

I grew up on the south side of Chicago, most of that time on welfare. My mother and sister and I used to live with my grandparents and various cousins. We shared a two-bedroom tenement, and the three of us slept in one of those bedrooms and had a set of bunk beds.

The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.