Sublime
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Wells—writing on behalf of President Johnson—asserted that “the industry which this legislation is designed to encourage is actually less than that which will be destroyed by the passage of this bill.” Furthermore, the veto included strong statements against the type of special interest fervor which characterized the wartime period and would largel
... See morePrinting money is a stealth tax on wealth that disincentivizes holding money, as above. It has the same first-order effect on wealth transfers but has hidden second-order effects of misdirecting capital due to political expediency and cowardice.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
the chamber of commerce growth mentality had won the war over those who wanted to preserve the tradition of the ancient city. Nothing had stopped the greed.
Michael McGarrity • Serpent Gate (Kevin Kerney Novels Series)
Retail trade, we are told, is not a natural part of the art of getting wealth (1257a). The natural way to get wealth is by skilful management of house and land. To the wealth that can be made in this way there is a limit, but to what can be made by trade there is none. Trade has to do with money, but wealth is not the acquisition of coin. Wealth de
... See moreBertrand Russell • History of Western Philosophy
We could hold an ad hoc election, what H. L. Mencken described, with less exaggeration than he might have thought, as “an advanced auction of stolen goods.” And to make the example more realistic, we would agree to share some of the money we collected from you with these anonymous bystanders in exchange for their support. That is the role the moder
... See moreJames Dale Davidson, Lord William Rees-Mogg • The Sovereign Individual: Mastering the Transition to the Information Age
For artists hailing mostly from poor and working-class backgrounds, the perennial, high-paying patronage promised by Americans was no less than the proverbial pot of gold.
Harvey R. Neptune • Caliban and the Yankees: Trinidad and the United States Occupation
The tiny group of “have yachts” are more politically coherent and powerful than the enormous mass of “have-nots,” and they will act to keep it that way.