Contact
Privacy
Book: The Scandal of Money: Why Wall Street Recovers but the Economy Never Does
Quotes of Book: The Scandal of Money: Why Wall
TOP TAGS :songwritingoildrug-addictiontheory-of-everythingfuturopillarpersonalgrade

  1. George Gilder _ The Scandal of Money: Why Wall

    All entrepreneurial and technological ventures, according to a canonical paper by the productivity theorist Robert Gordon, face the closing of the world's "productivity frontier.
    book-quote

  2. George Gilder _ The Scandal of Money: Why Wall

    President Obama's friend and counselor Ta-Nehisi Coates, from his perch atop the bestseller lists and at the pinnacle of power in America, denounces the American Dream, in terms that echo Obama's previous spiritual guide, Pastor Wright in Chicago, as a "genocidal weight of whiteness.
    book-quote

  3. George Gilder _ The Scandal of Money: Why Wall

    Warren Buffett summed up the conventional view with his usual pith: "Gold gets dug out of the ground . . . we melt it down, dig another hole, bury it again and pay people to stand around guarding it. . . . Anyone from Mars would be scratching their head."2
    book-quote

  4. George Gilder _ The Scandal of Money: Why Wall

    Piketty would impose a progressive annual tax on capital. By a static analysis, such a tax might reduce the yield of capital to the rate of GDP expansion and thus eliminate the bias toward top-heavy accumulation by elites. Upholding the secular stagnation theory of permanent growth slowdown, he naturally focuses on depressing the return to capital. Taking money from the rich and giving it to government might seem to address "inequality." But by putting capital into the hands of the least productive users of it-politicians-he would aggravate the very stagnation he warns against.
    book-quote

  5. George Gilder _ The Scandal of Money: Why Wall

    Republicans have been running on tax-cut proposals since the era of Harding and Coolidge. Tax-rate reductions and simplifications are urgently needed. But again, there is no mention of the key problems of a global economy in decline-of the acceptance by economic elites of inevitable and irremediable stagnation. We have not faced the fact that the Federal Reserve's capacity to command growth is a god that has failed.
    book-quote

  6. George Gilder _ The Scandal of Money: Why Wall

    The source and root of all monetary evil {is} the government monopoly on the issue and control of money. -Friedrich Hayek
    book-quote

  7. George Gilder _ The Scandal of Money: Why Wall

    Egalitarians never seem to understand that promoting economic equality in theory means promoting resentments and polarization in practice, making everyone worse off. -Thomas Sowell {2016}
    book-quote

  8. George Gilder _ The Scandal of Money: Why Wall

    To the Austrian economics of subjectivity, time provides an objective foundation.
    book-quote

  9. George Gilder _ The Scandal of Money: Why Wall

    Devoid of the outside influences of capital and technology, the source of bitcoin value becomes the pure irreversible passage of time. The
    book-quote

  10. George Gilder _ The Scandal of Money: Why Wall

    The invention of reliable and recognizable timepieces-clocks and bell towers-liberated workers from the bondage of piecework, which entails regimentation to count the pieces and favors quantity over quality, slavery over free labor.
    book-quote

  11. George Gilder _ The Scandal of Money: Why Wall

    thus has been the only commodity whose future price is always equal to the spot price plus the rate of interest over the time period. A million paper dollars held since 1913, when the Federal Reserve Bank was created, would be worth $20,000 today, down 98 percent. A million dollars of gold in 1913 would now be worth $62 million.
    book-quote
Categories