Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
Milton FriedmanRead
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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
Everything is explained now. We live in an age when you say casually to somebody 'What's the story on that?' and they can run to the computer and tell you within five seconds. That's fine, but sometimes I’d just as soon continue wondering. We have a deficit of wonder right now.
If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences.
It may be true in the case of autism that if you start off with a deficit in terms of empathy or mind reading, you've just got more time to devote to understanding the world by systemizing.
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
It occurs to me as I write that this "white light," usually presented dippily (evidence of afterlife, higher power), is in fact precisely consistent with the oxygen deficit that occurs as blood flow to the brain decreases. "Everything went white," those whose blood pressure has dropped say of the instant before they faint.
The fight against child slavery is the fight against traditional mindset, policy deficit, and lack of accountability and urgency for children across the globe.
Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.
As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and make sure we are not leaving a mountain of debt for the next generation.
Those who can't imagine change reveal the deficits of their imaginations, not the difficulty of change.
No industry or country can reach its full potential until women reach their full potential. This is especially true of science and technology, where women with a surplus of talent still face a deficit of opportunity.
There is no deficit in human resources; the deficit is in human will.
Conservatives were brought up to hate deficits and justifiably so. We've long thought there are two things in Washington that are unbalanced - the budget and the liberals.
I don't think losing 3 million jobs, having deficits as far as the eye can go, having 2 million people lose their health insurance, turning your back on kids in schools and not funding No Child Left Behind represents a vision.
A surplus of effort could overcome a deficit of confidence.
In my view, [the trade deficit] will create political turmoil at some point...Pretty soon, I think there will be a big adjustment.
From the point of view of the meditative traditions the entire society is suffering from attention deficit hyperactivity disorder.
The world doesn't just revolve around you. There's a lot of talk in this country about the federal deficit. But I think we should talk more about our empathy deficit.
What is the empathy deficit? The inability of people to stand in other folks shoes. It's hard to empathize with people who have different values than you
We cannot expect that everyone, to use the phrase of a decade ago, will talk sense to the American people. But we can hope that fewer people will listen to nonsense. And the notion that this Nation is headed for defeat through deficit, or that strength is but a matter of slogans, is nothing but just plain nonsense.
Technology usually provides a series of tradeoffs. Each asset is offset by a deficit...A major problem occurs when those who suffer from technology's defecits and those who benefit are not the same people.
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