A Quote by Amity Shlaes
Entitlements seem to grow with prosperity; not only because they are indexed to inflation or GDP, but also because a prosperous country tells itself it can afford more benefits.
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India for sure is a mobile-first country. But I don't think it will be a mobile-only country for all time. An emerging market will have more computing in their lives, not less computing, as there is more GDP and there is more need. As they grow, they will also want computers that grow from their phone.
In an overly materialistic world, prosperity is unfortunately and invariably associated with hoards of money and countless possessions. Yet to the truly prosperous people of this world, prosperity is prosperity in its purest and original sense. Prosperity comes from the Latin word "spes", which means "hope and vigor." To the truly prosperous person, being prosperous means being positive and happy in the moment.
We have to live with the rest of the world. And it's a mistake, in my view. Trade has generally developed in this country. We actually export 12 or 13 percent of our GDP. It was only 5 percent in 1970. But it benefits us. It benefits the rest of the world. It doesn't benefit the steelworker maybe in Ohio. And that's the problem that has to be addressed, because when you have something that's good for society, but terribly harmful for given individuals, we have got to make sure those individuals are taken care of.
I am in favor of helping the prosperity of all countries because, when we are all prosperous, the trade with each becomes more valuable to the other.
Laughter is important, not only because it makes us happy, it also has actual health benefits. And that's because laughter completely engages the body and releases the mind. It connects us to others, and that in itself has a healing effect.
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
Prosperous farmers mean more employment, more prosperity for the workers and the business men of every industrial area in the whole country.
Feeling prosperous means paying your utility bills on time and with a smile on your face. Prosperity means not only giving to the homeless person, but having a smile on your face when you do it. Prosperity also means buying fresh produce with a smile on your face instead of buying day-old bread or bargain overripe fruit with a scowl on your face. Still more, being prosperous means tipping generously with a smile on your face when the waiter has given you great service instead of trying to stiff him with a mere percent, or worse, no tip at all.
As Britain prepares to leave the E.U., we need to become more efficient as an economy. We need everyone contributing to our collective prosperity, in every part of the country. We simply cannot afford to waste the potential of a generation because of mental ill-health.
During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.
A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.
Your prosperity will grow to the extent that you do. Your feeling of prosperity may require that you overcome the fear of leaving a secure job for a less secure job, with less pay, but a lot more freedom. Fact is, feeling more prosperous doesn't necessarily mean earning more money. Sometimes it means earning less money.
All of us would like to have our children and their grandchildren grow up with at least the level of prosperity that we had. In the U.S., we seem to be very selfish because the older generation is not making the sacrifices.
In the name of compassion, Obama advocates seemingly endless extensions of unemployment benefits because his economic theology holds that by paying people not to work, you will create jobs. It not only fails to factor in the obvious deterrent that extended benefits have on their recipients but also falsely assumes that transferring money from one pocket to the next generates more spending - by some mythical multiple factor, no less. Back on planet Earth, studies reveal that extending unemployment benefits results in more unemployment.
Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.
What you don't see on television is people dying today because they can't get to a doctor and they can't afford prescription drugs. That's why they are also dying. They are dying in Iraq because they are poor and they have gone into the military because they can't afford to go to college. They're dying because they're living in communities where asthma rates are extremely high because the air is filthy. The suffering of the poor and working class people is a virtual nonissue for the media. But that is the reality.
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