A Quote by Hans F. Sennholz
The popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time.
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I think that we are right now - the society - is living in the Facebook era and the political system is still in the 19th century prior to the Industrial era. Why for God's sake do you need to be socially liberal and economically conservative? Or to be economically market-oriented but at the same time socially, extremely conservative? Why can't you be free in both dimensions?
I don't like stock buybacks. I think if a company has the money to buy their stock back, then they should take that and increase the dividends. Send it back to the stockholder. Let them invest their money again from the dividends.
The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.
Perhaps the greatest of all pedagogical fallacies is the notion that a person learns only the particular thing he is studying at the time.
One of the great fallacies of our time is that the Nazis rose to power because they imposed order on chaos. Precisely the opposite is true
There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.
If a lot of money goes into the stock market, it'll push up prices, making money for stock speculators. Then the insiders can decide that it's time to sell out, and the market will plunge.
Making the desirable possible requires us to make the desirable popular, electable, credible, and something that people want to hold on to.
Fears, insecurities, and the need to please can rule our lives. Our society is economically and socially set up for us to live under these pressures in order to maintain its control and survival.
I have never been able to understand why the tax comes as such a body blow to many people since the rate on long-term capital gain is lower than on most likes of endeavor (tax policy indicated digging ditches is regarded as socially less desirable than shuffling stock certificates).
I really look up to Louis C.K. I think he's great. And obviously he's very popular, more popular than me. Years ago, I was thinking, naively, it would be great to be that popular. And then I thought about it and then I realized that, with his money and his level of notoriety, he has all of the same emotions that I do.
One of the greatest problems that money creates is that you never know whether you are loved or your money is loved, whether you are desirable or your money is desirable. And it is so difficult to figure out, that one would have preferred not to have had money; at least life would have been simple.
Russia can fall apart. It's not because of the oil prices ... It's because what sticks a country together is a common interest of people. It has to be economically and socially profitable - beneficial - for people to be together. They should understand how they benefit from a large country. And if they start to feel like a large country is a source of problem, then the country collapses as the Soviet Union collapsed.
At the moment, our society’s notion of success is largely composed of two parts: money and power. But it’s time for a third metric, beyond money and power - one founded on well-being, wisdom, our ability to wonder, and to give back.
Of course, in our country, developing in a region with somewhat conservative traditions, women were desperately needed to be more engaged - socially, economically, politically.
There are people who are socially ambitious. If you go back aways, the Sculls, for instance, had a lot of money and they were socially ambitious. If you get an old master, it's not going to do you any good socially.
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