A Quote by Tyler Cowen
Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism.
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People think what's in the US today is capitalism. It's not even close to capitalism. Capitalism doesn't have a central bank, capitalism doesn't have taxes, it doesn't have regulations; capitalism is just voluntary transactions. What they have in the US today I call crapitalism. But it's sad that so many people are confused and they think, 'Oh that's free markets in the US', when it's one of the least free market countries on earth.
A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
When we speak of institutions, economists mean more than just organizations. We mean conventions, even rules, about how things are done.
Fearful people are more dependent, more easily manipulated and controlled, more susceptible to deceptively simple, strong, tough measures and hard-line postures. ... They may accept and even welcome repression if it promises to relieve their insecurities.
Critics of consumer capitalism like to think that consumers are manipulated and controlled by those who seek to sell them things, but for the most part it's the other way around: companies must make what consumers want and deliver it at the lowest possible price.
...in place of the Old Bottom Line of money and power, a New Bottom Line of Love and Generosity is possible. People of all faiths need to shape a political and social movement that reaffirms the most generous, peace-oriented, social justice-committed, and loving truths of the spiritual heritage of the human race.
People speak because they are afraid of silence. They speak mechanically whether aloud or to themselves. They are intoxicated by this vocal gruel that ensnares every object and every being. They talk about rain and fine weather; they talk about money, about love, about nothing. And even when they are talking about their most exalted love, they use words uttered a hundred times, threadbare phrases.
I am convinced that love is the most durable power in the world. It is not an expression of impractical idealism, but of practical realism. Far from being the pious injunction of a Utopian dreamer, love is an absolute necessity for the survival of our civilization. To return hate for hate does nothing but intensify the existence of evil in the universe. Someone must have sense enough and religion enough to cut off the chain of hate and evil, and this can only be done through love.
But here's the bottom line, the president of the United States, he controls the bully pulpit, he can talk about anything he wants to talk about.
Instead of a bottom-line based on money and power, we need a new bottom-line that defines productivity and creativity as where corporations, governments, schools, public institutions, and social practices are judged as efficient, rational and productive not only to the extent they maximize money and power, but to the extent they maximize love and caring, ethical and ecological sensitivity, and our capacities to respond with awe and wonder at the grandeur of creation.
People don't stop me on the street and throw things at me. But I'm aware of what that dynamic is, so whenever people react strongly to a character and say that they hate me, I take it as a job well done. And for most people, there's a sense of removal. Most people are not saying, "Oh, my god, I hate you!" Most people that have reactions say, "I love to hate your character."
If I were assigned poems I suppose I'd write more of them but it is entirely voluntary and for the most part ignored in the market sense of the word so the language to me is most intimate, most important, most sublime and most satisfying when it gets done.
There's a stigma that guys hate romance and hate love, but that's not true. Look at 'Iron Man.' There's a whole through-line plot about his relationship with Pepper, and everybody loves it.
The bottom line in the Christian life is obedience and most people don't even like the word.
Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.
When I'm talking about one of the things that define my career and what is most special to me, stats, they are what they are. The bottom line is you want to impact the place you go and the people you're around, and I hope I've done that in my football career, both on and off the field.
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