A Quote by Alan Greenspan
I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.
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I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.
We developed during the 1990s a series of budget process rules that helped us bring to heel these deficits, diminishing every year and moving the budget so into surplus.
I'm not a knee-jerk conservative. I passionately believe in free markets and less government, but not to the point of being a libertarian.
A hundred welfare programs, spending more and more billions, lead to chronic budget deficits, which lead to increased paper-money issues, which lead to higher prices.
With the exception of the geometrical series, there does not exist in all of mathematics a single infinite series the sum of which has been rigorously determined. In other words, the things which are the most important in mathematics are also those which have the least foundation.
Today I said to the calculus students, "I know, you're looking at this series and you don't see what I'm warning you about. You look and it and you think, 'I trust this series. I would take candy from this series. I would get in a car with this series.' But I'm going to warn you, this series is out to get you. Always remember: The harmonic series diverges. Never forget it."
The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause budget deficits to soar. The U.S. dollar, which has become a mere corollary of government finance, is likely to survive the soaring deficits.
I've recently rediscovered Anthony Trollope. I used to read him back in college, and a friend turned me on to a whole new series of his work, 'The Palliser Series.' It's a series of seven or eight books.
We have a series of regular meetings with South African business. Big business. Black business. Agriculture. As well, of course, with the trade unions. A whole series of meetings like that which engage issues that these South African social partners need to address.
Far as the government's reform agenda is concerned, a series of measures have been enacted which should increase the supply potential of the economy.
The Jacksonians were libertarians, plain and simple. Their program and ideology were libertarian; they strongly favored free enterprise and free markets, but they just as strongly opposed special subsidies and monopoly privileges conveyed by government to business or to any other group.
I have been in the series for over 3 years - 3 series. There will be a fourth series next year which of course I won't be in because I'm now dead. So in total I appeared in 25 episodes.
A woman's chastity consists, like an onion, of a series of coats. You may strip off the outer ones without doing much mischief, perhaps none at all ; but you keep taking off one after another, in expectation of coming to the inner nucleus, including the whole value of the matter. It proves, however, that there is no such nucleus, and that chastity is diffused through the whole series of coats, is lessened with the removal of each, and vanishes with the final one which you supposed would introduce you to the hidden pearl.
Notable enough, however, are the controversies over the series 1 - 1 + 1 - 1 + 1 - ... whose sum was given by Leibniz as 1/2, although others disagree. ... Understanding of this question is to be sought in the word "sum"; this idea, if thus conceived - namely, the sum of a series is said to be that quantity to which it is brought closer as more terms of the series are taken - has relevance only for convergent series, and we should in general give up the idea of sum for divergent series.
It's very different doing a food show in America and doing one in Britain. I did a 20-part series for the BBC series called 'Eating With the Enemy.' The budget for all 20 episodes was probably the budget for a single episode of 'Top Chef.' It's the difference between making a home movie in your backyard and going to Hollywood.
The other General Welfare Clause is in the first of the authorities given to the Congress and it's not a grant, it's a restriction. By which I mean it doesn't say Congress can legislate for the general welfare, it means that everything Congress must do has to enhance the general welfare of the United States of America. It can't grant things to individuals, it can only legislate for the government.
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