Top Ten Reasons to Oppose a GLI Page 7 of 8 (Back to page 1)
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"Wealth is the product of man's capacity to think." -- Ayn Rand
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"You have to use your money to create,
operate and build businesses."
-- J. Paul Getty, (quoting his father) "How To Be Rich," 1965
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"Contradictions do not exist. Whenever you think you are facing a
contradiction, check your premises. You will find that
one of them is wrong." -- Ayn Rand
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"A newspaper company, like a public broadcaster, could be organized as a
not-for-profit, tax-exempt corporation. It could still sell papers and
advertising, it could still develop new Internet revenues, it would
still pay market wages and salaries (or maybe better), it could
re-invest in improving its own staff and facilities and operations, it
just couldn't make a profit. And it wouldn't pay taxes or dividends."
Posted by Tyler Cowen on December 10, 2005 at 07:12 AM in Economics, "Newspapers as non-profits?"
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"It is a socialist idea that profit is a vice; I consider that the real
vice is making losses." -- Winston Churchill
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"The question depends on what we are comparing think tanks to. The
for-profit sector? The NSF? Blogging? Free-lance writing? Direct grants
from foundations? They all have their pluses and minuses. The key
question is whether the different pieces fit together in a useful way."
-- Tyler Cowen, "The debate over think tanks"
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"Capitalism without bankruptcy is like Christianity without hell."
--Frank Borman [one of the first moon astronauts]
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"Mankind achieved civilization by developing
and learning to follow rules…"
-- F. A. Hayek, "The Fatal Conceit: The Errors of Socialism, 1988
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"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."
-- Warren Buffett
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"Capitalism without bankruptcy is like Christianity without hell."
--Frank Borman (repeat)
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"If you can count your money, you don't have a billion dollars."
-- J.Paul Getty
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"It seems to never occur to fools that merit and good fortune are
closely united." -- Johann Wolfgang von Goethe
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"An IQ score is a better predictor of job productivity than a job
interview, reference checks or college transcript." -- Richard J.
Herrnstein and Charles Murray, "The Bell Curve: Intelligence and Class
Structure in American Life," 1994
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"If you give a person a fish, they'll fish for a day. But if you train a
person to fish, they'll fish for a lifetime." -- Dan Quayle
* NOTE: In a postmodern Hayekian society, 'fish' would be replaced
with 'knowledge.' As such, Quayle should have said: "If you give a
person a knowledge, they'll knowledge for a day. But if you train a
person to knowledge, they'll knowledge for a lifetime."
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"Man can live and satisfy his wants only by ceaseless labor; by the
ceaseless application of his faculties to natural resources.
This
process is the origin of property."
-- Frederic Bastiat, "The Law," 1850
* NOTE: In a postmodern Randian, Hayekian society this would read: "Man
can live and satisfy his wants only by ceaseless labor;
by the ceaseless application of his faculties to 'thinking' alone.
This process is the origin of property."
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* NOTE: By way of contrast, and by quite conventional
economic thinking,William Vickrey wrote:
"Much of the conventional economic wisdom
prevailing in financial circles,
largely subscribed to as a basis for governmental policy,
and widely accepted by the media and the public,
is based on incomplete analysis,
contrafactual assumptions,
and false analogy.
For instance, encouragement to saving is advocated
without attention to the fact that for most people
encouraging saving is equivalent to discouraging consumption
and reducing market demand,
and a purchase by a consumer or a government
is also income to vendors and suppliers,
and government debt is also an asset.
Equally fallacious
are implications that what is possible or desirable for individuals
one at a time
will be equally possible or desirable for all
who might wish to do so
or for the economy as a whole."
"Fifteen Fatal Fallacies of Financial Fundamentalism [:] A Disquisition on Demand Side Economics," October 5, 1996
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novel? Explain."
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"Money is your means of survival. The verdict you pronounce upon the
source of your livelihood is the verdict you pronounce upon your life.
If the source is corrupt, you have damned your own existence. Did you
get your money by fraud?" -- "an excerpt from 'Atlas Shrugged', 1957, by Ayn Rand. It is reprinted from the
Estate of Ayn Rand," Capitalism Magazine
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* NOTE: Clearly, today's 'postmodern' Randians are very different than
the 'modern' ones who lived when Ayn Rand was alive or in 1997 when
David Kelley wrote: "Rand was defending the classical liberal view of
the sanctity of the individual as an end in himself" ("A Philosophy for
the 21st Century").
* NOTE: But how can you be a self-made, self-sufficient individual when
you need people to support you
by giving you money?
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