A Quote by Felix Frankfurter

If one starts with the assumption that, in the absence of specific Congressional authority, a fixed rule of law precludes contracting officers from providing in a Government contract terms reasonably calculated to assure its performance even though there be no money loss through a particular default, there is no problem. But answers are not obtained by putting the wrong question, and thereby begging the real one.
Answers are not obtained by putting the wrong question and thereby begging the real one.
The rule of law does not do away with the unequal distribution of wealth and power, but reinforces that inequality with the authority of law. It allocates wealth and poverty in such calculated and indirect ways as to leave the victim bewildered.
It is no wrong or injustice that one has many bags of the finest myrrh and garments embroidered with gold, while another has not those things, which are not necessary for our maintenance; he who has them has not thereby obtained control over anything that could be an essential addition to his nature, but has only obtained something illusory or deceptive. ...This is the rule at all times and in all places; no notice should be taken of exceptional cases, as we have explained.
A basic assumption shapes most Americans’ mindset about labor: the belief that the death of unions isn’t my problem because I’m not in a union. That assumption is wrong. Even if you aren’t a member, your pay is influenced by the strength or weakness of organized labor. The presence of unions sets off a wage race to the top. Their absence sets off a race to the bottom.
In addition to the problem of public confidence, hiring a relative also causes problems within the government organization. It can undermine the morale of government officials. It can cause confusion about what the lines of authority are; in other words, the relative may have a particular title, but many may perceive the relative's role as even more important than the title would suggest. It may be very difficult to say no to the president's son-in-law.
We can find any number of ways to criminalise begging, but when we do so, aren't we attacking the problem from entirely the wrong angle? Banning begging or rough sleeping treats street homelessness as a lifestyle choice that can be discouraged through threats of legal action and heavy-handed policing.
I start out with the assumption that a lawyer in a criminal case is going to be incompetent - substantially so. I find my assumption to be rarely wrong. Yet society starts out with the very opposite assumption.
The World Series is something that rarely gets to a number of venues in professional baseball. And that's one problem because we want the fan base of particular cities to participate in the World Series, even though there may be a lull in the particular performance of the regional team.
Democrats are just as wrong to insist the law is perfect, that the law doesn't have things that need to be fixed, and to pretend that the law did wave a magic wand and make everything in the health care system fixed.
We call 'Slavery is wrong' a moral truth because there is a specific history of theoretical investigation of a particular kind of slavery. We discussed it for centuries in metaphysical, economic, biological, and philosophical terms; we listened to all the arguments pro and con, we read all the testimonies of slaves and witnesses, and we decided. Though this 'we" is not everybody on earth, or even most people, who've never thought about slavery much.
If you want to think new thoughts that are different, then do what creative people do - get the problem reasonably clear and then refuse to look at any answers until you've thought the problem through carefully how you would do it, how you could slightly change the problem to be the correct one.
The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to "coin money or regulate the value thereof" - but rather delegated that authority, sometimes by charter and sometimes by default, to the banking system. This despite the provision in the Constitution that charged Congress with the power to 'coin money, regulate the value thereof, and of foreign Coin, and fix the Standards of weight and Measures.'
Right now we're concerned about budget. Right now we're concerned about the prospect of interest rate rise. We're concerned about government corruption, government handing out deals to specific groups. Coolidge fixed a problem like that. He came into a rough time and he, and Harding before him, fixed that by budgeting.
Money gained on Sabbath-day is a loss, I dare to say. No blessing can come with that which comes to us, on the devil's back, by our willful disobedience of God's law. The loss of health by neglect of rest, and the loss of soul by neglect of hearing the gospel, soon turn all seeming profit into real loss.
Through the influence of real art, aided by science, guided by religion... peaceful co-operation of man is now obtained by external means - by law courts, police, charitable institutions, factory inspections... It should be obtained by man's free and joyous activity.
Warren Buffett likes to say that the first rule of investing is "Don't lose money," and the second rule is, "Never forget the first rule." I too believe that avoiding loss should be the primary goal of every investor. This does not mean that investors should never incur the risk of any loss at all. Rather "don't lose money" means that over several years an investment portfolio should not be exposed to appreciable loss of principal.
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