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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

What an ideology is is a conceptual framework with the way people deal with reality.
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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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I’m a plain soap kind of guy.
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Whatever you tax you get less of.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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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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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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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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