QUOTES OF THE DAY

4 comments

Posted on 9th May 2014 by Administrator in Economy |Politics |Social Issues

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“In times of change and danger, when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present.”

John Dos Passos

“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.”

John C. Calhoun, 1836

“The real difficulty is with the vast wealth and power in the hands of the few and the unscrupulous who represent or control capital. Hundreds of laws of Congress and the state legislatures are in the interest of these men and against the interests of workingmen. These need to be exposed and repealed…

This is a government of the people, by the people, and for the people no longer. It is a government of corporations, by corporations, and for corporations.”

Rutherford B. Hayes, Diary and Letters of Rutherford Birchard Hayes: Nineteenth President of the United States

“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.”

John Kenneth Galbraith, The Great Crash of 1929

“As Treasury secretary under Clinton, Rubin was the driving force behind two monstrous deregulatory actions that would be primary causes of last year’s financial crisis: the repeal of the Glass-Steagall Act.. and the deregulation of the derivatives market.”

Matt Taibbi

 

4 Comments
  1. flash says:

    Forward!

    “Egalitarianism leads to democracy; democracy leads to socialism; socialism leads to economic destruction; and democratic socialism in multicultural societies leads to death and democide.

    HANS-HERMANN HOPPE, Austrian school economist, libertarian political philosopher, emeritus professor of economics, University of Nevada, distinguished fellow, the Ludwig von Mises Institute, author of Democracy: The God That Failed, and The Economics and Ethics of Private Property

    Obama%20Forward.jpg

    9th May 2014 at 7:10 am

  2. flash says:

    “So, all of the statistics on inequality that you’ve cited are ones that greatly concern me, and I think for the same reason that you’re concerned about them. They can shape the — determine the ability of different groups to participate equally in the democracy and have grave effects on social stability over time….And so I don’t know what to call our system or how to — I prefer not to give labels; but there’s no question that we’ve had a trend toward growing inequality and I personally find it very worrisome trend that deserves the attention of policy-makers.”

    Federal Reserve Chair Janet Yellen

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    9th May 2014 at 7:17 am

  3. harry p. says:

    “…small government is merely big government in embryo form.”
    Eric Peters (Eric Peters Autos)

    9th May 2014 at 7:28 am

  4. spinolator says:

    I agree with Dr. Yellen. The price of paper is dropping fast. The earnings forecast for paper producers is not looking good and there is mountains of cellulose pulp in inventory. “Paper boy” Ben messed it all up.

    9th May 2014 at 1:36 pm

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