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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

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Academic Government Jargon Mechanism More Nothing Scheme State Strip Support Welfare

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

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Greenspan, who knew so much more than most, knew far less than most supposed.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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Credit-default swaps, I think, have serious problems associated with them.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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