A Quote by Arthur Laffer
Which would you rather have, capital lined up on your borders, trying to get into your country or trying to get out of your country? We are the capital magnet of this planet and we are the savior for not only people, for not only freedom, but also for capital.
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In some ways you still have to buy your freedom, but that's because you live in a social structure that's organized around capital, and capital does equate with a certain kind of freedom, especially if you can start to generate capital on your own.
Astana has been the capital of Kazakhstan only since 1997, three years after Nazarbayev told a stunned parliament that a prosperous, independent country like Kazakhstan ought to have its capital 'in the center' of the country, rather than on the border.
If you would make the most of yourself, cut away all of your vitality sappers; get rid of everything which hampers you and holds you back, everything which wastes your energy, cuts down your working capital. Get freedom at any cost.
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
I think in theory, the United States finds it much easier to deal with situations where there is a leading country. You can go to the leaders of that country and say, for example, to India, "There are all these problems in Bangladesh, we really have to do something about it, what do you suggest we can do to work out a common policy?" But when you don't have the equivalent of India, you have to go capital to capital trying to put together a coalition, which is extraordinarily difficult, especially in the Arab world, because of the historic rivalries and branches of Islam.
Capital is always available for good companies, but the only question is value at which you raise capital. In bad times, you raise capital at low valuation, and in good times, you get a fair price. It separates winners from the rest.
If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it's not a problem, because you get as much as I do. The problem is that capital in capitalist countries is very heavily concentrated, especially financial capital. So then if the share of income from that source goes up, that actually exacerbates inequality.
Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.
Books constitute capital. A library book lasts as long as a house, for hundreds of years. It is not, then, an article of mere consumption but fairly of capital, and often in the case of professional men, setting out in life, it is their only capital.
Empowering innovations require long-term investments, which tie up capital for years and years. So companies are using capital to create more capital, and consequently, the world is awash in capital, but the innovations we need to advance aren't there.
capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
I think Barack Obama is a socialist. I think he cares for his country - don't get me wrong about that - but I think he truly misunderstands what this country was based upon, the values that America was based upon, which was free enterprise and having the ability to risk your capital and having a chance to have a return on your investment.
One of the reasons that Social Security is in so much trouble is that the only funding stream comes from people who get a wage. The people who get wages is declining dramatically. Most of the income in this country is made by people at the top who get dividends and - and capital gains.
There's a lot of disputes around the world, a lot of territorial conflicts around the world. But Israel is the only country in the world whose capital is not recognized. I don't think the United States recognizing Jerusalem as a capital will prevent any sort of peace agreement from happening in the future. It's not actually a sensible argument. What it will do is it will right a historic wrong. Something that should have happened 69 years ago will finally happen. And then we have to get about the process of trying to advance peace between the parties.
People are not trying to get into China, they're trying to get out of China. The United States is the only great country where people are trying to get into to this country for obvious reasons.
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