A Quote by Milton Friedman
Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.
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Leadership is, among other things, the ability to inflict pain and get away with it - short-term pain for long-term gain.
Remember anything you want that's valuable requires you to break through short-term pain in order to gain long-term pleasure.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
Anyway, maybe there weren't any solutions. Human society, corpses and rubble. It never learned, it made the same cretinous mistakes over and over, trading short-term gain for long-term pain.
As a prisoner of conscience committed to peaceful transition to democracy, I urge Europe to apply economic sanctions against Ethiopia. What short-term pain may result will be compensated by long-term gain. A pledge to re-engage energetically with a democratic Ethiopia would act as a catalyst for reform.
Delegation requires the willingness to pay for short term failures in order to gain long term competency.
We must shift our thinking away from short-term gain toward long-term investment and sustainability, and always have the next generations in mind with every decision we make.
The government - the ultimate short-term-oriented player - cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will take enormous risks in such interventions, especially if the expenses can be conveniently deferred to the future. Some of the price-tag is in the form of back- stops and guarantees, whose cost is almost impossible to determine.
The government can indefinitely control both short-term and long-term interest rates.
Who knew, in 2000, that compassionate conservatism meant bigger government, unrestricted government spending, government intrusion in personal matters, government ineptitude, and cronyism in disaster relief? Who knew, in 2000, that the only bill the president would veto, six years later, would be one on funding stem-cell research? A more accurate term for Mr. Bush's political philosophy might be incontinent conservatism.
Politicians and the government have become too interested in short-term gains. Of course, if you look at the direct financial returns in the short term, human space flight is expensive. But they need to look longer term.
When you start with why, which decision you make becomes very easy. It is so hard to do when you may suffer a short term loss or you may lose out on some short term gain. But in the long run it's way more powerful and way more stable.
I believe compassion to be one of the few things we can practice that will bring immediate and long-term happiness to our lives. I'm not talking about the short-term gratification of pleasures like sex, drugs or gambling (though I'm not knocking them), but something that will bring true and lasting happiness. The kind that sticks.
In a liberal democracy rapid, radical and fundamental economic change must benefit the many not the few, if it is to gain popular, long-term political support.
We are aware that many national farm organizations are putting forth various plans to provide both short- and long-term relief to our nation's agricultural producers. While we believe long-term solutions are essential, the current situation demands a more immediate response.
Young people, under the social contract, suggest a long term investment. What we have today is a government that believes that young people - since they are a long term investment - are a liability. This is system that only believes in short-term investments.
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