2024 January 26
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"We are socialists, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are determined to destroy this system under all conditions." |
"Socialist governments traditionally do make a financial mess. They always run out of other people's money." |
"A large number of people, certainly the majority of the political looter class, think the best way to deal with the rapidly deepening economic crisis is via 'stimulus packages' with money plucked off the magic money tree... which is to say, by trying to re-inflate the credit bubble that actually caused the crisis. This is a bit like treating alcoholics by urging them to buy more whiskey." |
2024 January 25
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"The real destroyer of the liberties of the people is he who spreads among them bounties, donations and benefits." |
"Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation." |
"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others." |
2024 January 24
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"The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for." |
"Anyone who believes in indefinite growth in anything physical, on a physically finite planet, is either mad or an economist." |
"Why is it when times get rough only the people have to look for ways to cut back? Why is this always just absolutely impossible for government?" |
2024 January 23
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"[E]conomic liberty and creative entrepreneurship are the basis of any solution to today’s social and economic difficulties. Blaming business, setting wages, and attempting to run the economy by decree from Washington only exacerbates the problems. Consider the minimum wage. It seems so simple: Tell business to pay its workers more. But a hike in the minimum wage is essentially a tax, punishing precisely those companies that hire workers with the least skills." |
"There are plenty of good five-cent cigars in the country. The trouble is they cost a quarter. What this country needs is a good five-cent nickel." |
"The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own." |
2024 January 22
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"I feel obliged to withhold my approval of the plan to indulge in benevolent and charitable sentiment through the appropriation of public funds... I find no warrant for such an appropriation in the Constitution." |
"What is right and what is practicable are two different things." |
According to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American’s output—which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American’s living standard would at least double. |
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