“The direct cause of massive unemployment is labour market inflexibility. In fact, state intervention in the labour market and union coercion, made possible by the privileges the legal system confers on unions, results in a series of regulations which make the labour market one of the most rigid. Furthermore, due to the artificial costs labour legislation generates, the discounted value of a worker's real marginal productivity tends to fall short of the total labour cost the entrepreneur incurs in hiring the worker. This leads to markedly high unemployment, which will affect all workers whose expected marginal productivity yields a discounted value lower than the cost involved in employing them. Therefore they will be dismissed or not hired at all.”
― Money, Bank Credit, and Economic Cycles
― Money, Bank Credit, and Economic Cycles
“It's true, you know, Mark. There is nobody so virtuous as a reformed whore. We were the great robber barons-Rhodes and Robertson, Bailey and Barnato, Duff, Charleywood and Sean Courtney. We seized the land and then ripped the gold out of the earth, we hunted where we pleased, and burned the finest timber for our campfires, every man with a rifle in his hand and shoes on his feet was a king, prepared to fight anybody, Boer, Briton or Zulu, for the right of plunder.”
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“I am not such a fool as to believe that war is a thing of the past. I know people do not want war, but there is no use in saying we cannot be pushed into another war”
― War Is a Racket
― War Is a Racket
“Why are we fighting and opposing you? The answer is very simple because you attacked us and continue to attack us". Bin Laden cited foremost, U.S support for the Israeli occupation of Palestine, and the "oppression, tyranny, crimes, killing, expulsion, destruction and devastation" that have taken place there. "The blood pouring out of Palestine must be equally revenged. You must know that the Palestinians do not cry alone; their women are not widowed alone; their sons are not orphaned alone. Bin Laden claims that "The Jews have taken control of your economy" and are "Making you their servants”
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“Those who clamour so loudly for less work and more pay may find that the benefit they get now will have to be paid for at a thousand percent interest some day in the future.A payment in misery and hunger and suffering. If we are to steer off the reef of national disaster, then men will have to learn to work again, and to take seriously once more the demands of a disciplined and orderly society.”
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Dylan’s 2025 Year in Books
Take a look at Dylan’s Year in Books, including some fun facts about their reading.
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