The admirals of his majesty's fleet are classed into three squadrons, viz. the red, the white, and the blue.
“And let the Fed sell bonds to bring bank reserves back down to required reserve levels, so we have restraint on bank lending and bank issuances of liability.”
“Well, I love having kids. But I have the advantage of having a lot of help, a real hands-on husband and small children whom I can easily manipulate.”