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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

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And the percentage changes in wage rates would be the same for all job grades.
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Political decisions are never random and will always lose out to innovative alternatives.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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History cannot be reduced to a set of statistics and probabilities.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Productivity is notoriously difficult to predict.
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Rules cannot take the place of character.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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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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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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