If financial institutions won't cooperate with us, we will assume that they are sheltering money in tax havens and act accordingly
We must spend now as an investment for the future.
You're right, we did it. We're very sorry. But thanks to you, we won't do it again.
Ben Bernanke, in a speech on Milton Friedman's 90th birthday acknowledging the Fed's role in deepening the Great Depression, Nov. 8, 2002
Business Week, April 27, 2009
The People of Virginia declare and make known that the powers granted under the Constitution being derived from the People of the United States may be resumed by them whensoever the same shall be perverted to their injury or oppression and that every power not granted thereby remains with them and at their will.
State of Virgina's Ratification of the US Constitutional
If you don't think government bureaucrats can make questionable decisions, then you haven't dealt with many government bureaucrats.
I cannot find any authority in the Constitution for public charity. [To approve the measure] would be contrary to the letter and spirit of the Constitution and subversive to the whole theory upon which the Union of these States is founded.
-- President Franklin Pierce's 1854 veto of a measure to help the mentally ill.
The man of system, on the contrary, is apt to be very wise in his own conceit, and is often so enamoured with the supposed beauty of his own ideal plan of government, that he cannot suffer the smallest deviation from any part of it. He goes on to establish it completely and in all its parts, without any regard either to the great interests or the strong prejudices which may oppose it: he seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board; he does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single piece has a principle of motion of its own, altogether different from that which the legislature might choose to impress upon it.
The Theory of Moral Sentiments VI,II,2
You too can have the soothing feeling of nature's own baby-soft wool being pulled gently over your resting eyes
Herbert Lawrence (Herblock) Block
"We have earthquakes but then we forget and do nothing. It's not in our culture to take precautions or build in an appropriate way in areas where there could be strong earthquakes,"
Obama is a leveler. He has come to narrow the divide between rich and poor. For him the ultimate social value is fairness. Imposing it upon the American social order is his mission.
Most of our nation's great problems, including our economic problems, have as their root decaying moral values.
Walter E. Williams
When you deny your individuality, when you give it away for acceptance into a subgroup of people, you are harming the country.
As I see it, the debate turns, ultimately, on whether you hold man's survival, or man's survival qua man as your touchstone. My argument, essentially, is that it is only the latter that Objectivism contemplates.
Retroactive (or ex post facto) law- i.e., a law that punishes a man for an action which was not legally defined as a crime at the time he committed it- is rejected by and contrary to the entire tradition of Anglo-Saxon jurisprudence. It is a form of persecution practiced only in dictatorships and forbidden by every civilized code of law. It is specifically forbidden by the United States Constitution. It is not supposed to exist in the United States and it is not applied to anyone- except to businessmen.
America's Persecuted Minority: Big Business
Suddenly the focus of the morality has shifted from simply helping other people to sacrificing in order to do it. You're judged as virtuous if you sacrifice a lot for the cause. In fact, how moral the act is gets measured by how much you benefit or sacrifice for it. If you benefit, it lowers how moral it was. If you sacrifice for it, it increases the virtue of the act by showing how dedicated you are to helping other people.
"If it's really a charitable contribution, I'm assuming [the tax savings] shouldn't be the determining factor of whether you're giving to the homeless shelter down the street." The change in the deduction rate, he added, "is not going to cripple" wealthy taxpayers.
Barack H. Obama
...prosperity foregone is invisible. In other words, we can never tell how much richer we would have been without today's level of congressional interference in our lives...
Walter E. Williams
Floor, or table? I don't care!
Dialog from Battlestar Galactica
Helen to Saul Tighe "Deadlock"
Will capitalism be any different?
Charlie Rose interview of Timothy Geithner
The process by which these changes have been forced upon this body is so deeply offensive to me, and so deeply undemocratic, that it puts the omnibus appropriations package in jeopardy ...
Sen. Robert Menendez (D-NJ)
The highest moral act anyone can do is productive work.
Jason Lewis (Radio Host)
...with our financial house on fire, Obama makes clear both in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy.
The idea that capitalism -- in the 'unknown ideal' sense of which Rand spoke -- lends itself to pull-peddling and corporate welfare, is pure, and total, nostrum. This myth needs to be exploded, if ever folks are to gain a correct and productive idea of the inherent benevolence of capitalism. The conflation of centralized initiation of force ("subsidies," "regulations," and bailouts for bad investments) with capitalism is the pivotal issue at hand. This wrong-headed view must be countered by correct epistemology and ethics. It must not continue to infect the minds of the masses.
Edward D. Thompson
But the triumph of ideas was completed by the Treatise of Human Nature [by David Hume], which discards spirits also, and leaves ideas and impressions as the sole existences in the universe. ... It seemed very natural to think, that the Treatise of Human Nature required an author, and a very ingenious one too; but now we learn, that it is only a set of ideas which came together, and arranged themselves by certain associations and attractions.
An Inquiry Into the Human Mind
If schools had pre-empted the right to teach computer use we would be in a horrible mess right now instead of leading the world in this literacy.
John Taylor Gatto
[paraphrase] "President Obama will talk about his early success. In just one month, he has already expanded government by 15%. That's a success."
political commentator [to be announced]
Live (streaming) audio at http://minnesota.publicradio.org/ (Obama's address to Congress)
One of the wonders of our times is how much more attention is paid to the living conditions of a bunch of cut-throats locked up in Guantanamo than to the leading international sponsor of terrorism getting nuclear weapons.
What's a demonstration? It's when students show how much they don't know by repeating it loudly.
An American Carol
If I hired musicians to sing at my bar, your damn right I can require them to sing on my command!
Are all rights Inalienable?
One of the most important skills for political success is the ability to make confident assertions of absurdities or lies.
In securing victory, no strategem is more profitable than claiming already to have achieved it.
Wikipedia (Anonymous Editor)
Imagine you see a person at work taking buckets of water from the deep end of a swimming pool and dumping them into the shallow end in an attempt to make it deeper....That scenario is equivalent to what Congress and the new president proposes for the economy.
Walter E. Williams
I think it is a great shame, that many people never develop a conscious enough sense of the pleasures of beauty, or self-actualization, or the admirable qualities of character in another person, or a host of other aspects of life. And failing to do so, they are ill-equipped to find the proper balance in their life.
C. Jeffery Small
Its one thing to be so deluded that you think everyone should pay for your pet programs. Its quite another to think everyone but you should pay for them.
Ryan Keith Roper
Daschle Bows Out
One skin, one driver.
"After Obama's election, I felt as close to hopelessness about this country's future as I've ever felt. But now I see a possible ray of hope. It may be that Republicans -- since at this point they have nothing to lose, and in the face of the disaster to which Obama is leading us -- will finally return to to the principles that once animated their party, and particularly to the defense of capitalism. And it might even happen that the controls Obama will establish, with their concomitant impoverishment of the country, will awaken the American voter to the fact that freedom is to his best interest, not entitlements and Big Brother. If both those things were to happen, then the long agony that faces us will have been worthwhile."
Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire.
Our financial markets are only as strong as those who regulate them.
Chris Dodd, Sen (D)
Jan 27 Senate speech by Chris Dodd, 188 Days after he promised to release the terms of his sweetheart Countrywide home mortgages
The problem with socialism is that you eventually run out of other people's money.
I don't expect 100 per cent agreement from my Republican colleagues, but I do hope that we can all put politics aside and do the American people's business right now. ... The American people expect action.
Barack H. Obama
"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation."
Dr. Adrian Rogers
I'd go so far as to say that recognition of the invalidity of the stolen concept is Objectivism in its essence. Rand's ethics depends upon it - her identification of the concept of value depending upon the concept of life is an example. Attempts to deny her axiomatic concepts based upon more derivative ideas such as doubt are another example of the fallacy. Almost every denial of one of Rand's formulations is based upon the stolen concept.
What is original to Objectivism
A dead thing can go with the stream, but only a living thing can go against it.
Gilbert Keith Chesterton
Unfortunately, what happens in Hollywood does not stay in Hollywood.
The Federal Register, which lists new regulations, annually averaged 72,844 pages between 1977 and 1980. During the Reagan years, the average fell to 54,335. During the Bush I years, they rose to 59,527, to 71,590 during the Clinton years and rose to a record of 75,526 during the Bush II years. Employees in government regulatory agencies grew from 146,139 in 1980 to 238,351 in 2007, a 63 percent increase. In the banking and finance industries, regulatory spending between 1980 and 2007 almost tripled, rising from $725 million to $2.07 billion. So here's my question: What are we to make of congressmen, talking heads and news media people who tell us the financial meltdown is a result of deregulation and free markets? Are they ignorant, stupid or venal?
We have tried spending money. We are spending more than we have ever spent before and it does not work ... After eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!
Treasury Secretary under FDR, after 2 terms of FDR's "New Deal". Quote originally posted on DrHurd.com.
What's required is a new declaration of independence. Not just in our nation but in our own lives. Independence from ideology and small thinking. Independence from prejudice and bigotry. Independence from selfishness. An appeal not to our easy instincts but to our better angels.
Barack H. Obama
Nothing teaches objectivity like doing a basic physics experiment and proving to yourself first hand that the laws of physics aren't some made up thing like the tooth fairy or santa claus.
Knowledge about Knowledge
George Walsh was asked whether he thought Beethoven's Pastoral Symphony sounded malevolent. He said: "Of course. Can't you just hear the sheep gnashing their teeth?"
Ayn Rand on Beethoven
[T]he only acceptable outcome of this war, both for Israel and for the civilized world, is ... the disintegration of Hamas rule. It is already under way. This is not about killing every last Hamas gunman. Not possible, not necessary. Regimes rule not by physically overpowering every person in their domain, but by getting the majority to accept their authority. That is what sustains Hamas, and that is what is now under massive assault.
Two Endgames for Israel