The Dell Theory of Conflict Prevention argues that no two countries that are both part of the same global supply chain will ever fight a war as long as they are each part of that supply chain.
Thomas FriedmanRead
If the Republican Party continues to take the view that there must be no tax increases, we're stuck. Capitalism can't work without safety nets or fiscal prudence, and we need both in a sustainable balance.
Interpretation
A balanced approach to taxation and safety nets is essential for a functioning capitalist system.
Thomas Friedman emphasizes that for capitalism to thrive, there needs to be a sustainable balance between tax policies and safety measures. He argues that the refusal to consider tax increases limits the ability to provide necessary social supports and maintain fiscal responsibility, hinting at the interconnectedness of economic policies and societal welfare.
In practice
This quote can be used in a political debate about tax policies and social welfare.
The Dell Theory of Conflict Prevention argues that no two countries that are both part of the same global supply chain will ever fight a war as long as they are each part of that supply chain.
When it comes to dealing with the world's climate and energy challenges, I have a simple rule: change America, change the world.
The hidden hand of the market will never work without a hidden fist -- McDonald's cannot flourish without McDonnell Douglas, the builder of the F-15. And the hidden fist that keeps the world safe for Silicon Valley's technologies is called the United States Army, Air Force, Navy and Marine Corps.
Do you know what my favorite renewable fuel is? An ecosystem for innovation.
If you don't visit the bad neighborhoods, the bad neighborhoods are going to visit you.
Inspiring conduct has so much more of an impact than coercing it.
There should be no unemployment. There is large percentage of labor now which cannot make a living because wages are not high enough. That is industry's 2nd job. 1st job is to make good product. 2nd pay a good wage.
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.
Debt is a social and ideological construct, not a simple economic fact.
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.
There's nothing in Keynesian economics that would allow you to solve stagflation. But there's nothing in neoclassical economics that would allow you to solve stagflation, either.
Subscribe for the occasional hand-picked quote. No noise.