2023 April 14
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"Prejudice rarely survives experience." |
"Who is more foolish, the child afraid of the dark or the man afraid of the light?" |
"The real searcher after truth will not receive the old because it is old, or reject the new because it is new. He will not believe men because they are dead, or contradict them because they are alive. With him an utterance is worth the truth, the reason it contains, without the slightest regard to the author. He may have been a king or serf -- a philosopher or servant, -- but the utterance neither gains nor loses in truth or reason. Its value is absolutely independent of the fame or station of the man who gave it to the world." |
2023 April 13
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"Increasingly constructive doubt is the sign of advancing civilization." |
"The least initial deviation from the truth is multiplied later a thousandfold." |
"There is no man so friendless but what he can find a friend sincere enough to tell him disagreeable truths." |
2023 April 12
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"Heresy is only another word for freedom of thought." |
"For every problem there is one solution which is simple, neat, and wrong." |
"Where the tongue slips, it speaks the truth." |
2023 April 11
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"Petty laws breed great crimes." |
"Avoid occasions of expense ... and avoid likewise the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear." |
"The bank hath benefit of interest on all moneys which it creates out of nothing." |
2023 April 10
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"In 1950, the average family of four paid 2% of its earnings to federal taxes. Today it pays 24%." |
"The government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the government and the buying power of consumers. By adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity." |
"Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England... At the time of the Banks action I warned of its consequences... I felt that sooner or later the market had to break." |
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