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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

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Abandonment Banking Credit Gold Made Possible Standard Statics System Use Welfare

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Always Debt Default Money Print Probability States United
And the percentage changes in wage rates would be the same for all job grades.
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All Change Job Percentage Rate Right Same Wage
Market financed withdrawals of home equity in recent years.
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Equity Financial Home Market Recent Withdrawl Year
In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Corruption Exist Extend Favor General Government Sell Something
Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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Confiscation Deficit Scheme Simply Spend
How do we know when irrational exuberance has unduly escalated asset values?
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Escalate Exuberance Irrational Unduly Value
Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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Able Archive Been Clarity Emotively Future Pre Regulator Require
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Aftermath Dealt History Period Premium Protracted Risk
I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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Federal Reserve Initiation Market Pressure Themselves Think
I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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Clear Guess Out Particular Turn Warn You
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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Benefit Cash Guarantee Like Power Purchase
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Create Foreigner Job Little Lose Protectionism Retaliate Surely
Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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Against Always Any Believe Fraud Law Need Probably
While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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Accelerate Circumstance Dramatic Economic Innovation Offer Return Tendency Train
There is no evidence that the business cycle has been repealed.
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Business Cycle Evidence Repeat
They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Alternative Benefit Choice Judgement Policy Probability

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