Currency Quotes - page 10
The idea of a liberal elite is not intellectually robust. It's never been enunciated with anything approaching scholarly rigor, it has been refuted countless times, and it falls apart under any sort of systematic scrutiny.Yet the idea persists. It did not die with Richard Nixon or peter out with the busing controversy or depart the national scene with the wily Bill Clinton. Indeed, it has greater currency on the street today than do twenty years' worth of blue-ribbon studies and a lifetime of responsible sociology.
Thomas Frank
The principle underpinning the EU is not "We, the people" but "We know better than the people" - not just on capital punishment and the single currency, but on pretty much anything that comes to mind. Not so long ago, Jean-Pierre Chevenement, France's Defence Minister at the time, insisted that the United States was dedicated to the "organized cretinization of our people." As a dismissal of American pop culture - MTV, Disney - this statement is not without its appeal, though it sounds better if you've never had the misfortune to sit through a weekend of continental television. But the reality is that nobody is as dedicated to the proposition that the people are cretins than M. Chevenement and the panjandrums of the new 'Europe.' The EU is organized on this assumption. If, like the Danes and now the Irish, they're impertinent enough to tick the wrong box in referenda on deeper European integration, we'll just keep asking and re-asking the question until they get it right.
Mark Steyn
Conditions have greatly changed in Great Britain since the end of the war owing to the existence of full employment. Negotiations about wages between the two sides of industry now take place in entirely different circumstances. There is no reserve of labour to compete for jobs. ... If wages rise faster than productivity the increases in cost can usually be passed on in increased selling prices. There is thus in the economic system very much less check on the upward movement of money wages. ...if wages at home rise unchecked, it is more likely in general that exports will gradually cease to be competitive and there will be balance of payments difficulties. These can be met, in the end, by devaluation. A succession of devaluations completely undermines confidence in any currency. ... It is clear that a very difficult problem faces a country such as ours, which wishes to maintain full employment and yet to avoid the undoubted evils of rising prices and balance of payments difficulties abroad.
Hugh Gaitskell
The confectioner relied equally on the power which he possessed of injuring or benefiting, as he should elect, the property of nearly every man in the community. And, finally, he relied on the utility of his institution to the government, in the collection, safe keeping, and disbursement of its revenues; and to the public, in regulating domestic and foreign exchange, in furnishing a currency of nearly uniform value over the whole empire, and in which government dues could be paid without the procurement of sugar, that was scarce as well as cumbersome.
Alexander Bryan Johnson
