Jeremy R. Hammond
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“Your mind is programmable – if you’re not programming your mind, someone else will program it for you.”
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“While Krugman thus ignored the role of the Fed’s inflationary monetary policy, Ron Paul had explained that when interest rates are high, it encourages savings, but when the Fed artificially lowers interest rates, the incentive is to borrow and to spend, rather than to save dollars that would have less purchasing power tomorrow than today.”
― Ron Paul vs. Paul Krugman: Austrian vs. Keynesian economics in the financial crisis
― Ron Paul vs. Paul Krugman: Austrian vs. Keynesian economics in the financial crisis
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Goodreads Librari...: Clean Up III | 1036 | 715 | Jun 26, 2021 04:52PM |
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”
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“It’s true: greed has had a very bad press. I frankly don’t see anything wrong with greed. I think that the people who are always attacking greed would be more consistent with their position if they refused their next salary increase. I don’t see even the most Left-Wing scholar in this country scornfully burning his salary check. In other words, "greed" simply means that you are trying to relieve the nature given scarcity that man was born with. Greed will continue until the Garden of Eden arrives, when everything is superabundant, and we don’t have to worry about economics at all. We haven’t of course reached that point yet; we haven’t reached the point where everybody is burning his salary increases, or salary checks in general.”
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“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....”
― The Common Good
― The Common Good
“The whole educational and professional training system is a very elaborate filter, which just weeds out people who are too independent, and who think for themselves, and who don't know how to be submissive, and so on -- because they're dysfunctional to the institutions.”
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“Everyone’s worried about stopping terrorism. Well, there’s really an easy way: Stop participating in it.”
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