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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.

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Competitively Immigration Income Level Process Profession Quota Support

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Credit-default swaps, I think, have serious problems associated with them.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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 keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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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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Then fear hits, and it comes down very sharply. When I started to look at that.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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I’m a better economist than I was a sax player.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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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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What an ideology is is a conceptual framework with the way people deal with reality.
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