Rate Quotes - Page 25

• Of the second-rate leaders people speak respectfully saying, "He has done this, he has done that." Of the first-rate leaders, they do not say this. They say, "We have done it all ourselves."

  Laozi

  Teaching, People, Leader

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• Boys, the first drink is a boon, the second is a gamble, the third is poor judgment, and then the rate of descent gets steep

  Garrison Keillor

  Wine, Boys, Firsts

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• What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.

  Barack Obama

  Country, Money, Years

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• As Darwin puts it in The Descent of Man, 'Male snakes, though appearing so sluggish, are amorous.' Isn't that just like Darwin? It was one of his main ideas, you know, that the males of almost all animals have stronger passions than the females. Since then we've learned a thing or two. At any rate, the female snake is right there when spring arrives in the woods.

  Will Cuppy

  Spring, Passion, Men

  Will Cuppy (1944). “The Great Bustard and Other People: Containing: How to Tell Your Friends from the Apes and How to Become Extinct”

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• There are certain things in which mediocrity is intolerable: poetry, music, painting, public eloquence. What torture it is to hear a frigid speech being pompously declaimed, or second-rate verse spoken with all a bad poet's bombast!

  Jean de la Bruyere

  Mediocrity, Speech, Painting

  "Of Books". "Characters", Book by Jean De La Bruyère, www.ourcivilisation.com. 1688.

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• The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.

  Ron Paul

  Money, Power, Unique

  "End the Fed". Book by Ron Paul (pp. 2-3), September 16, 2009.

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• Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.

  Paul Krugman

  Philosophy, Government, Political

  Paul Krugman, Robin Wells (2012). “CourseSmart E-Book for Macroeconomics: A PDF-style E-Book”, p.227, Palgrave Macmillan

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• I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.

  Paul Krugman

  Philosophy, Cutting, Long

  "Actually, Krugman Was A Huge Advocate Of The Housing Boom" by Joe Weisenthal, www.businessinsider.com. June 17, 2009.

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• It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost.

  Paul Krugman

  Running, Jobs, Philosophy

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• The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.

  Paul Samuelson

  Philosophy, Real, Political

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• The chief arguments that are urged against an established religion, may be used with equal force against an established charity. The dissenter submits, that no party has a right to compel him to contribute to the support of doctrines, which do not meet his approbation. The rate-payer may as reasonably argue, that no one is justified in forcing him to subscribe towards the maintenance of persons, whom he does not consider deserving of relief.

  Herbert Spencer

  Philosophy, Party, Support

  Herbert Spencer (1843). “The Proper Sphere of Government: a Reprint of a Series of Letters, Originally Published in “The Nonconformist.””, p.10

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• Government, on their part, are much disposed to favor the establishment of these large companies, and to give them privileges to the detriment of their rivals, and of the public, with the expectation of receiving from them loans, either gratuitous or at a low rate which these never refuse. It is thus that the one sells its protection and the other buys it; and this is already a very great evil.

  Antoine Destutt de Tracy

  Philosophy, Government, Giving

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• For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share markets rising solidly in each of the past three years. This has been underpinned by strong growth in profits so that, notwithstanding the rise in share prices, P/E ratios have been declining on average.

  Ian Macfarlane

  Strong, Past, Average

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• The single biggest issue that I'm very sensitive to is inflation. I'm very concerned that this extended period where the interest rates were quite low and stimulated a lot of activity could breed inflation and create a problem for us.

  Sam Zell

  Issues, Problem, Economics

  "Zell tells of optimistic outlook on real estate". Interview with Denny Gainer, usatoday30.usatoday.com. May 2, 2004.

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• Interest rates are going to go up because employment is going to go up. If employment goes up, then our apartments get filled. And if employment goes up, our office buildings get filled. The reality is that increased economic activity combined with increased interest rates is basically bullish for real estate.

  Sam Zell

  Real, Office, Employment

  "Zell tells of optimistic outlook on real estate". Interview with Denny Gainer, usatoday30.usatoday.com. May 2, 2004.

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• The earth is warming at an alarming rate, we are running out of fossil fuels, and it is long past time for us to take action to correct these problems.

  William J. Clinton

  Running, Past, Long

  "Bill Clinton Announces $1B Fund for Renewable Energy", www.foxnews.com. September 22, 2006.

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• There is no debate among any statured scientists of what is happening. The only debate is the rate at which it is happening.

  James McCarthy

  Global Warming, Debate, Scientist

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• The evidence that climate change is happening is completely unequivocal... The later governments leave tackling climate change, the harder it will be to combat... The variation we are seeing in temperature or rainfall is double the rate of the average. That suggests that we are going to have more droughts, we are going to have more floods, we are going to have more sea surges and we are going to have more storms. These are the sort of changes that are going to affect us in quite a short timescale

  John Beddington

  Sea, Government, Average

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• The first law of sustainability: population growth and/or growth in the rate of consumption of resources cannot be sustained

  Albert Allen Bartlett

  Law, Growth, Population

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• We have sacrificed the old immaterial gods, and now we are occupying the temple of the Market-God. He organizes our economy, our politics, our habits, our lives, and even provides us with rates and credit cards and gives us the appearance of happiness.

  Jose Mujica

  Powerful, Humble, Giving

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• Most important, [research on affirmative action] has completely failed to show that affirmative action ever closes the academic gap between minorities and whites. And failing in this, affirmative action also fails to help blacks achieve true equality with whites - the ultimate measure of which is parity in skills and individual competence. Without this underlying parity there can never be true equality in employment, income levels, rates of home ownership, educational achievement and the rest.

  Shelby Steele

  Educational, Home, Skills

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• Look at the declining television coverage. Look at the declining voting rate. Economics and economic news is what moves the country now, not politics.

  Robert Teeter

  Country, Moving, Voting

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• Now virtue may not always be its own reward, but in any case it is not usually bought and paid for at market rates.

  Kenneth Arrow

  May, Rewards, Virtue

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• A fine marksman is with a second rate rifle is far more effective than the reverse.

  Jeff Cooper

  Gun, Rifles, Fine

  Jeff Cooper (1998). “To Ride, Shoot Straight, and Speak the Truth”, p.172, Paladin Press

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• The proliferation of state concealed carry laws has evidently reduced the rate of violent street crime to a considerable extent. When the goblins do not know who is armed and who is not, their professional enthusiasm declines. Now that Britain has made sure (insofar as any law can so insure) that everybody is disarmed, the streets arem given back to the bad kid with the baseball bat. We hope they are satisfied.

  Jeff Cooper

  Baseball, Kids, Gun

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