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Yet the gap between revenues and expenditures had to be filled, even if by printing rubles. If the budget could not be balanced immediately, the only other solution was to tolerate deficits today with the hope that a pick-up in growth would
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“Despite the fact that social security is a fraud in every respect, there are many who, ignoring the evidence, support it because "we must not let the old folks suffer destitution." This implies that before 1937 it was habitual for children to cast their nonproductive parents into the gutter. There is no evidence for that, and there are no records supporting the implication that all over sixty-five regularly died of hunger. The present crop of children are just as considerate of their old folks as were the pre-1937 vintage, and it is a certainty that if their envelopes were not tapped they would be in better position to show their filial devotion. Besides, if the government did not take so much of our earnings, we would be better able to save for our later days.”
― The Income Tax: Root of All Evil
― The Income Tax: Root of All Evil
“In China there was no agricultural lobby that opposed decollectivization; instead, Chinese peasants actively fought for control over their farms.17 Chinese industries, like those in any country, pushed for subsidies and government support, but manufacturing played a smaller role in China’s economy and politics than in the Soviet Union, so industries were unable to undermine change.”
― The Struggle to Save the Soviet Economy: Mikhail Gorbachev and the Collapse of the USSR
― The Struggle to Save the Soviet Economy: Mikhail Gorbachev and the Collapse of the USSR
“We shall understand the mode of purification by confession, and that of contemplation by analysis, advancing by analysis to the first notion, beginning with the properties underlying it; abstracting from the body its physical properties, taking away the dimension of depth, then that of breadth, and then that of length. For the point which remains is a unit, so to speak, having position; from which if we abstract position, there is the conception of unity.”
― Volume 12. The Writings of Clement of Alexandria
― Volume 12. The Writings of Clement of Alexandria
“The economic decline of a society without property rights is followed by the loss of other values. It is only when we have a sufficiency of necessaries that we give thought to nonmaterial things, to what is called culture. On the other hand, we find we can do without books, or even moving pictures, when existence is at stake. Even more than that, we who have no right to own certainly have no right to give and charity becomes an empty word; in a socialistic order no one need give thought to an unfortunate neighbor because it is the duty of the government, the only property owner, to take care of him; it might even become a crime to give a "bum" a dime. When the denial of the right of the individual is negated through the denial of ownership, the sense of personal pride, which distinguishes man from beast, must decay from disuse.
The income tax is not only a tax; it is an instrument that has the potentiality of destroying a society of humans.”
― The Income Tax: Root of All Evil
The income tax is not only a tax; it is an instrument that has the potentiality of destroying a society of humans.”
― The Income Tax: Root of All Evil
“Yet the gap between revenues and expenditures had to be filled, even if by printing rubles. If the budget could not be balanced immediately, the only other solution was to tolerate deficits today with the hope that a pick-up in growth would reduce the relative cost of the deficit in the medium term. Gorbachev thus embraced a strategy of market reform without a balanced budget. He hoped this would spark higher growth.”
― The Struggle to Save the Soviet Economy: Mikhail Gorbachev and the Collapse of the USSR
― The Struggle to Save the Soviet Economy: Mikhail Gorbachev and the Collapse of the USSR
Classical (Laissez-Faire) Liberalism
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Including within it neo-liberalism, libertarianism, objectivism, anarcho-capitalism, minarchism, and American conservatism, this classical or "market" ...more
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Study and discussion of the important questions of ethical and political philosophy from Confucius and Socrates to the present. Rules (see also the ...more
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A group devoted to books related to the Austrian School of economics and libertarian political and social theory.
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— last activity Nov 19, 2018 06:48AM
A group for those interested in studying the Church Fathers and the early Church more generally, including the early theologians.
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