Combine loose money with flawed financial theories and the creation of byzantine financial products, and ultimately modern financial alchemy "has a distinctly statist and paternalist tone, and one which, taken to its logical conclusion, implies the establishment of nothing less than a world government with the power to redistribute most of our income at will," explain the authors.
The exercise of arbitrary or dictatorial power is, of course, the whole purpose and function of all those agencies, commissions, and czars.
"Even mainstream economists recognize the role that price discrimination can play in allowing producers and consumers to exploit potential gains from trade."
The rebels’ overriding grievance was against the tax farmers and tax officials: “It is they who have forced [the peasants] to take up a
The bottom line here is that insurance of this kind — as opposed to catastrophic insurance like car insurance, which pays for accidents and not for oil changes and general repairs — creates moral hazard.
"Gentlemen, you are piling up a heritage of conflict and litigation over water rights, for there is not sufficient water to supply the land." – John Wesley Powell
"The point of employment is not just jobs: it is productive and economically viable jobs."
Interviewd by Susan Modaress on PressTV’s “The Autograph,” 14 July 2010. In this episode, Dr.
Catholic political thought had come a long way from the Spanish scholastics.
I will continue to repeat that all people will be made better off in the long run by lowering taxes, easing regulations, stopping fiscal-policy interventions, and not giving the state the power to print fiat money.
