“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
“When human beings act, they inevitably synthesise memories of the past into new expectations and mental images for the future, regarding the different stages in the action process they will follow. The future is never predetermined, but instead the actor imagines, creates and builds it step by step. Therefore, the future is always uncertain, since it has yet to be done or built, and the only part of it the actor possesses consists of specific ideas, mental images or expectations he hopes to realise through the completion of stages he imagines.”
― Money, Bank Credit, and Economic Cycles
― Money, Bank Credit, and Economic Cycles
“All of it was like that-similar but subtly changed, nostalgic but sad with the knowledge of loss. The past was lost-and he knew then that you can never go back. Nothing is the same, for reality can exist at one time only and in one place only. Then it dies and you have lost it and you must go on to find it at another time and in another place.”
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“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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“No man really knows about other human beings. The best he can do is to suppose that they are like himself.”
― The Winter of Our Discontent
― The Winter of Our Discontent
Dylan’s 2025 Year in Books
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