A Quote by Murray Rothbard
Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.
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Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.
In fact, a large part of what we think of as economic activity is designed to accomplish what high transaction costs would otherwise prevent or to reduce transaction costs so that individuals can negotiate freely and we can take advantage of that diffused knowledge of which Friedrich Hayek has told us.
Every country in the world is battling the rising cost of health care. No community anywhere has demonstrably lowered its health-care costs (not just slowed their rate of increase) by improving medical services. They've lowered costs only by cutting or rationing them.
Usually, the leaders appear in the moment of the highest stress, when it is time, speaking symbolically, to go to the barricades. Then people, clever, capable, but focused on their own tasks, will leave their immediate occupations and go to the barricades, because there is nowhere to hide.
I did everything young. I was always in a hurry to do everything. I had kids young and I worked young and I didn't have time to go back to school because I wasn't willing to give up anything that I had.
The credit/debit card transaction system is antiquated, expensive, and inefficient. There are over nine steps to complete a transaction from the time a customer swipes their card to payment processing, settlement, and when the merchant finally gets paid. Every step along the way costs both the consumer and the vendor in additional fees.
There are a lot of things going on that's causing a lot of these young kids to head in the wrong direction. I know a lot of kids that are cutting school. I try to give out a positive message, trying to get kids focused. If they don't then they're going to end up like every other hoodlum in the street.
If we want an all-volunteer force, the bottom line is that we're going to have to take care of these people who were willing to do what the bulk of people weren't willing to do. Going to war is dangerous - you can get killed doing it. And the question is, Are the American people willing to recognize the sacrifices of these young people?
You have to struggle a bit, hustle a little, and be willing to go bankrupt. Once you're willing to do that, everything opens up and you get the freedom. My joke is that next year, I'll make the first film that costs zero dollars.
I don't know if you've ever been skiing, but if you go to the slope you'll see all these kids fearlessly zooming by. It's only when we get older that fear creeps in. But for me, it just never has. And when it comes to racing, it's always about who is willing to go further, who is willing to take that extra step. I'm willing to take any amount of pain to win. I'm hungry like you.
So I simply don't buy the concept of "Generation X" as the "lost generation." I see too many good kids out there, kids who are ready and willing to do the right thing, just as Jack was. Their distractions are greater, though. There's no more simple life with simple choices for the young.
While other kids were into New Kids on the Block, I was into Harold Lloyd and Stan Laurel.
I'm willing to make a fool out of myself in public. I'm also willing to make those mistakes that you're going to make the first time you go out, so hopefully the next time it will be better.
Starting out so young meant missing out on a lot of things that kids do, that your friends are doing, whether it was playing team sports or school dances with friends. I remember having fights with my mother when I was young about 'Why can't I just go have frozen yogurt with my friends after school and go hit on the girls at the library?'
If they're trying to get high school kids to go to the D-League, I will be shouting from mountaintops saying, 'What is this going to do to a generation of kids who say, 'All right, I'm going to do this,' you get one or two years to make it, and now you're out without any opportunities. Who's taking care of those kids now?'
A writer is obviously at his most natural and relaxed when he writes in the first person. Writing is a personal transaction between two people, conducted on paper, and the transaction will go well to the extent that it retains its humanity.
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