Stock Quotes - page 13
But this brings us to what I consider the fatal flaw in the monetarist prescriptions. If the leader of the school cannot make up his own mind regarding what the most desirable rate of monetary increase should be, what does he expect to happen when the decision is put in the hands of the politicians? ... The fatal flaw in the monetarist prescription, in brief, is that it postulates that money should consist of irredeemable paper notes and that the final power of determining how many of these are issued should be placed in the hands of the government-that is, in the hands of the politicians in office. The assumption that these politicians could be trusted to act responsibly, particularly for any prolonged period, seems incredibly naive. The real problem today is the opposite of what the monetarists suggest. It is how to get the arbitrary power over the stock of money out of the hands of the government, out of the hands of the politicians.
Henry Hazlitt
Now the battle for Canadian independence does have to be fought again, but against a new form of servitude. Our struggle today is different from that of the colonial peoples, fighting against national enslavement imposed upon them by the armed forces of foreign imperialists. We are threatened with complete national enslavement to a foreign power, but that power is not, at least not yet, imposing its control by the force of arms. Canada is being sold into United States control by "her own" ruling class; the parasitic, speculative, Canadian manipulators of stock market deals, politics and governmental concessions, who are enriching themselves by trading the national future of Canada for junior partnerships in the United States monopolies.
Tim Buck
She had run down and down and down, and had at last reached a point where medicines no longer had any helpful effect upon her. I said I knew I could put her upon her feet in a week. It brightened her up, it filled her with hope, and she said she would do everything I told her to do. So I said she must stop swearing and drinking, and smoking and eating for four days, and then she would be all right again. And it would have happened just so, I know it; but she said she could not stop swearing, and smoking, and drinking, because she had never done those things. So there it was. She had neglected her habits, and hadn't any. Now that they would have come good, there were none in stock. She had nothing to fall back on. She was a sinking vessel, with no freight in her to throw overboard and lighten ship withal.
Mark Twain
Treatment of the apparently whimsical fluctuations of the stock quotations as truly non stationary processes requires a model of such complexity that its practical value is likely to be limited. An additional complication, not encompassed by most stock market models, arises from the manifestation of the market as a nonzero sum game.
Richard Arnold Epstein
We have to recover those islands, we have to recover them for the people on them are British and British stock and they still owe allegiance to the Crown and want to be British. We have to do what is necessary to recover those islands...When you stop a dictator there are always risks but there are great risks in not stopping a dictator. My generation learned that a long time ago.
Margaret Thatcher
I don't oppose all wars. What I am opposed to is a dumb war. What I am opposed to is a rash war. What I am opposed to is the cynical attempt by Richard Perle and Paul Wolfowitz and other armchair, weekend warriors in this administration to shove their own ideological agendas down our throats, irrespective of the costs in lives lost and in hardships borne. What I am opposed to is the attempt by political hacks like Karl Rove to distract us from a rise in the uninsured, a rise in the poverty rate, a drop in the median income, to distract us from corporate scandals and a stock market that has just gone through the worst month since the Great Depression. That's what I'm opposed to. A dumb war. A rash war. A war based not on reason but on passion, not on principle but on politics.
Barack Obama
Gibson: And in each instance, when the [capital gains tax] rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
Obama: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.
Barack Obama
Predictably, under democratic conditions the tendency of every monopoly - to increase prices and decrease quality - will be only more pronounced. Instead of a prince who regards the country as his private property, a temporary caretaker is put in charge of the country. He does not own the country, but as long as he is in office he is permitted to use it to his and his proteges' advantage. He owns its current use - usufruct - but not its capital stock. This will not eliminate exploitation. To the contrary, it will make exploitation less calculating and carried out with little or no regard to the capital stock, i. e., short-sighted. Moreover, the perversion of justice will proceed even faster now. Instead of protecting pre-existing private property rights, democratic government becomes a machine for the redistribution of existing property rights in the name of illusory `social security.
Hans-Hermann Hoppe
Only when the stock of wealth can be related to human energy by purchasing living energy as "labor power", offered for sale by people who have no other means of using their labor to ensure their livelihood: and only when it can relate that labor power to purchased machines - embodiments of past transformation of nature by human energy expended in the past - only then does "wealth" become "capital."
Eric Wolf
It is this mythical, or rather this symbolic, content of the religious traditions which is likely to come into conflict with science. This occurs whenever this religious stock of ideas contains dogmatically fixed statements on subjects which belong in the domain of science. Thus, it is of vital importance for the preservation of true religion that such conflicts be avoided when they arise from subjects which, in fact, are not really essential for the pursuance of the religious aims.
Albert Einstein
