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Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Taxes
Official
Government
Virtually
Without
Raising
Take
Officials
Life
Bother
Saving
Rate
Hyperinflation
Entire
Savings
More quotes by Thomas Sowell
It is amazing how many people seem to think that the government exists to turn their prejudices into law.
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Another way of verbally masking elite preemption of other people's decisions is to use the word 'ask'-as in 'We are just asking everyone to pay their fair share.' But of course governments do not ask, they: tell. The Internal Revenue Service does not 'ask' for contributions. It takes.
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Sports are the reason I am out of shape. I watch them all on TV.
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If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.
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The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is he confuses it with feeling.
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I am so old that I can remember when liberals were liberal - instead of being intolerant of anything and anybody that is not politically correct.
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Much of the self-righteous nonsense that abounds on so many subjects cannot stand up to three questions: (1) Compared to what? (2) At what cost? and (3) What are the hard facts?.
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What is especially disturbing about the political left is that they seem to have no sense of the tragedy of the human condition. Instead, they tend to see the problems of the world as due to other people not being as wise or as noble as themselves.
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If facts, logic, and scientific procedures are all just arbitrarily socially constructed notions, then all that is left is consensus--more specifically peer consensus, the kind of consensus that matters to adolescents or to many among the intelligentsia.
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No matter how disastrously some policy has turned out, anyone who criticizes it can expect to hear: 'But what would you replace it with?' When you put out a fire, what do you replace it with?
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Welfare states on both sides of the Atlantic have discovered that largesse to losers does not reduce their hostility to society, but only increases it. Far from producing gratitude, generosity is seen as an admission of guilt, and the reparations as inadequate compensations for injustices - leading to worsening behavior by the recipients.
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Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.
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You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.
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The Constitution cannot protect us unless we protect the Constitution.
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