A Quote by Paul Samuelson
Rent control created deadweight loss.
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When we hear about rent control or gun control, we may think about rent or guns but the word that really matters is 'control.' That is what the political left is all about, as you can see by the incessant creation of new restrictions in places where they are strongly entrenched in power, such as San Francisco or New York.
Obesity is the result of a loss of self-control. Indeed, loss of self-control might be said to be the defining social (or anti-social) characteristic of our age: public drunkenness, excessive gambling, promiscuity and common-or-garden rudeness are all examples of our collective loss of self-control.
The bottom line is there are lots of problems that were not created by government. The biggest one is loss of middle class incomes, loss of good-paying jobs which was created by technology and globalization. Above all, when you can move a job to China or India, it reduces wages.
Politically, sometimes you get situations where rent control will go through. It is especially true in an emergency, where there is a sudden, sharp increase in demand for housing or a cut back in supply. People will simply not allow the marketplace to allocate housing resources and so you get pressures for rent control. Once you have it, it is hard to eliminate.
The Austrian School came into existence when a bunch of Viennese rent-gouging landlords didn't want rent control on the rents they could gouge out of their tenants in old Vienna, so they hired a bunch of scribblers - and that's the Austrian School.
Our world was created with a sense of order. For every loss, there is a gain. Sometimes we are so blinded by the loss that we don't see the gain, don't recognize the gift.
For me, getting comfortable with being famous was hard - that whole side of it, the loss of anonymity, the loss of privacy. Giving up that part of your life and not having control of it.
Pornography. . .overtakes lives, causing loss of the Spirit, distorted feelings, deceit, damaged relationships, loss of self-control, and nearly total consumption of time, thought, and energy.
Success is not something you own; it's something you rent, and the rent is due every day. When you stop paying rent on success, you start paying the rent on failure.
Always make sure you have your rent. At the end of the month, if you have to eat Ramen for a week because you won't have your rent money, just do it but make sure your rent is all there so you're not stressing about that. As long as you have your rent at least you have somewhere to live.
When you inhabit any of these three roles, you're reacting to fear of victimhood, loss of control, or loss of purpose. You're always looking outside yourself, to the people and circumstances of life, for a sense of safety, security, and sanity.
There are many kinds of loss embedded in a loss - the loss of the person, and the loss of the self you got to be with that person. And the seeming loss of the past, which now feels forever out of reach.
Many people believe that decentralization means loss of control. That's simply not true. You can improve control if you look at control as the control of events and not people. Then, the more people you have controlling events - the more people you have that care about controlling the events, the more people you have proactively working to create favorable events - the more control you have within the organization, by definition.
Persecutors fear loss of control. Rescuers fear loss of purpose. Rescuers need Victims-someone to protect or fix-to bolster their self-esteem.
I don't like to get angry. It doesn't make me feel good. It is very human, but it's also a loss of control, and I like to have that kind of control.
When you go through hell, your own personal hell, and you have lost - loss of fame, loss of money, loss of career, loss of family, loss of love, loss of your own identity that I experienced in my own life - and you've been able to face the demons that have haunted you... I appreciate everything that I have.
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