Fund Quotes - page 3
Not only was he ignorant, but he had not even those conditions within himself which made knowledge possible. All that there was developed of him, at present, was a fund of energy, self-esteem, hope, courage, and daring, the love of action, life, and adventure; his life was in the outward and present, not in the inward and reflective; he was a true ten-year old boy, in its healthiest and most animal perfection. What she was, the small pearl with the golden hair, with her frail and high-strung organization, her sensitive nerves, her half-spiritual fibres, her ponderings, and marvels, and dreams, her power of love, and yearning for self-devotion, our readers may, perhaps, have seen. But if ever two children, or two grown people, thus organized, are thrown into intimate relations, it follows, from the very laws of their being, that one must hurt the other, simply by being itself; one must always hunger for what the other has not to give.
Harriet Beecher Stowe
As is often the case with major disputes in economics, the argument over fiscal policy went on for years, with some critics of fiscal policy still defending their position when this book went to press. It seems fair, however, to say that among economists a more or less Keynesian view of the effects of fiscal policy came to prevail. Careful statistical studies at the International Monetary Fund and else where showed that austerity policies have historically been followed by contraction, not expansion. Recent experience, in which countries like Spain and Greece that were forced into severe austerity also experienced severe slumps, seemed to confirm that observation. Furthermore, it was clear that those who had predicted a sharp rise in U. S. interest rates due to budget deficits, leading to conventional crowding out, had been wrong: U. S. long-term interest rates remained near record lows even during the years from 2009 to 2012, when the government ran very large deficits.
Paul Krugman
Burns's Brother Gilbert, a man of much sense and worth, has told me that Robert, in his young days, in spite of their hardship, was usually the gayest of speech; a fellow of infinite frolic, laughter, sense and heart; far pleasanter to hear there, stript cutting peats in the bog, or such like, than he ever afterwards knew him. I can well believe it. This basis of mirth, a primal element of sunshine and joyfulness, coupled with his other deep and earnest qualities, is one of the most attractive characteristics of Burns. A large fund of Hope dwells in him; spite of his tragical history, he is not a mourning man. He shakes his sorrows gallantly aside; bounds forth victorious over them.
Thomas Carlyle