Beware the people who moralize about great issues; moralizing is easier
than facing hard facts. -- John Corry
Saturday, July 31, 2021
Friday, July 30, 2021
Fortune Quote #3291
In the flaring parks, in the taverns, in the hushed academies, your murmur
will applaud the wisdom of a thousand quacks. For theirs is the
kingdom. -- Kenneth Fearing
will applaud the wisdom of a thousand quacks. For theirs is the
kingdom. -- Kenneth Fearing
Thursday, July 29, 2021
Fortune Quote #3290
At most only a tiny set of policies have been studied with even moderate
care. -- George J. Stigler, Nobel Laureate in Economics
care. -- George J. Stigler, Nobel Laureate in Economics
Wednesday, July 28, 2021
Fortune Quote #3289
They went to work with unsurpassable efficiency. Full employment, a
maximum of resulting output, and general well-being ought to have been the
consequence. It is true that instead we find misery, shame and, at the end
of it all, a stream of blood. But that was a chance coincidence.
-- Joseph A. Schumpeter, Review of Keynes's General Theory
maximum of resulting output, and general well-being ought to have been the
consequence. It is true that instead we find misery, shame and, at the end
of it all, a stream of blood. But that was a chance coincidence.
-- Joseph A. Schumpeter, Review of Keynes's General Theory
Tuesday, July 27, 2021
Fortune Quote #3288
Facts are stubborn things; and whatever may be our wishes, our
inclinations, or the dictates of our passions, they cannot alter the state
of facts and evidence. -- John Adams
inclinations, or the dictates of our passions, they cannot alter the state
of facts and evidence. -- John Adams
Monday, July 26, 2021
Fortune Quote #3287
Every man, wherever he goes, is encompassed by a cloud of comforting
convictions, which move with him like flies on a summer day. --
Bertrand Russell
convictions, which move with him like flies on a summer day. --
Bertrand Russell
Sunday, July 25, 2021
Fortune Quote #3286
From Thomas Sowell's principles for seeing through rhetoric: 12. Many of
the "abuses" of today were the "reforms" of yesterday.
the "abuses" of today were the "reforms" of yesterday.
Saturday, July 24, 2021
Fortune Quote #3285
From Thomas Sowell's principles for seeing through rhetoric: 11. You can
always create a fraction by putting one variable upstairs and another
variable downstairs, but that does not establish any causal
relationship between them, nor does the resulting quotient have any
necessary relationship to anything in the real world.
always create a fraction by putting one variable upstairs and another
variable downstairs, but that does not establish any causal
relationship between them, nor does the resulting quotient have any
necessary relationship to anything in the real world.
Friday, July 23, 2021
Fortune Quote #3284
From Thomas Sowell's principles for seeing through rhetoric: 10.
Improbable events are commonplace in a country with more than a quarter
of a billion people.
Improbable events are commonplace in a country with more than a quarter
of a billion people.
Thursday, July 22, 2021
Fortune Quote #3283
From Thomas Sowell's principles for seeing through rhetoric: 9. The same
set of statistics can produce opposite conclusions at different levels
of aggregation.
set of statistics can produce opposite conclusions at different levels
of aggregation.
Wednesday, July 21, 2021
Fortune Quote #3282
From Thomas Sowell's principles for seeing through rhetoric: 8. Most
variables can show either an upward trend or a downward trend, depending
on the base year chosen.
variables can show either an upward trend or a downward trend, depending
on the base year chosen.
Tuesday, July 20, 2021
Fortune Quote #3281
From Thomas Sowell's principles for seeing through rhetoric: 7. The law of
diminishing returns means that even the most beneficial principle will
become harmful if carried far enough.
diminishing returns means that even the most beneficial principle will
become harmful if carried far enough.
Monday, July 19, 2021
Fortune Quote #3280
From Thomas Sowell's principles for seeing through rhetoric: 6. All things
are the same, except for the differences, and different except for the
similarities.
are the same, except for the differences, and different except for the
similarities.
Sunday, July 18, 2021
Fortune Quote #3279
From Thomas Sowell's principles for seeing through rhetoric: 5. Every
policy is a success by sufficiently low standards and a failure by
sufficiently high standards.
policy is a success by sufficiently low standards and a failure by
sufficiently high standards.
Saturday, July 17, 2021
Fortune Quote #3278
From Thomas Sowell's principles for seeing through rhetoric: 4. For every
expert, there is an equal and opposite expert, but for every fact there
is not necessarily an equal and opposite fact.
expert, there is an equal and opposite expert, but for every fact there
is not necessarily an equal and opposite fact.
Friday, July 16, 2021
Fortune Quote #3277
From Thomas Sowell's principles for seeing through rhetoric: 3. A can
always exceed B if not all of B is counted and/or if A is exaggerated.
always exceed B if not all of B is counted and/or if A is exaggerated.
Thursday, July 15, 2021
Fortune Quote #3276
From Thomas Sowell's principles for seeing through rhetoric: 2. Any
statistics can be extrapolated to the point where they show disaster.
statistics can be extrapolated to the point where they show disaster.
Wednesday, July 14, 2021
Fortune Quote #3275
From Thomas Sowell's principles for seeing through rhetoric: 1. All
statements are true, if you are free to redefine their terms.
statements are true, if you are free to redefine their terms.
Tuesday, July 13, 2021
Fortune Quote #3274
... we prefer the policy of immediate sterilization, of making sure that
parenthood is absolutely prohibited to the feeble-minded. --
Margaret Sanger, founder of Planned Parenthood
parenthood is absolutely prohibited to the feeble-minded. --
Margaret Sanger, founder of Planned Parenthood
Monday, July 12, 2021
Fortune Quote #3273
There is but one practical and feasible program in handling the great
problem of the feeble-minded... to prevent the birth of those who would
transmit imbecility to their descendants. -- Margaret Sanger,
founder of Planned Parenthood
problem of the feeble-minded... to prevent the birth of those who would
transmit imbecility to their descendants. -- Margaret Sanger,
founder of Planned Parenthood
Sunday, July 11, 2021
Fortune Quote #3272
...the most urgent problem to-day is how to limit and discourage the
over-fertility of the mentally and physically defective. --
Margaret Sanger, founder of Planned Parenthood
over-fertility of the mentally and physically defective. --
Margaret Sanger, founder of Planned Parenthood
Saturday, July 10, 2021
Fortune Quote #3271
Today... civilization has brought sympathy, pity, tenderness, and other
lofty and worthy sentiments, which interfere with the law of natural
selection. We are now in a state where our charities, our compensation
acts, our pensions, hospital, and even our drainage and sanitary equipment
all tend to keep alive the sickly and the weak, who are allowed to
propagate and in turn produce a race of degenerates. -- Margaret
Sanger, founder of Planned Parenthood
lofty and worthy sentiments, which interfere with the law of natural
selection. We are now in a state where our charities, our compensation
acts, our pensions, hospital, and even our drainage and sanitary equipment
all tend to keep alive the sickly and the weak, who are allowed to
propagate and in turn produce a race of degenerates. -- Margaret
Sanger, founder of Planned Parenthood
Friday, July 9, 2021
Fortune Quote #3270
You must not only want what you want, but you must want what it leads
to. -- French proverb
to. -- French proverb
Thursday, July 8, 2021
Fortune Quote #3269
The greatest evil is not now done in sordid "dens of crime" that Dickens
loved to paint. It is not done even in concentration camps and labor
camps. In those we see its final result. But it is conceived and ordered
(moved, seconded, carried, and minuted) in clean, carpeted, warmend, and
well-lighted offices by quiet men with white collars and cut fingernails
and smooth shaven cheeks who do not need to raise their voice. --
C.S. Lewis
loved to paint. It is not done even in concentration camps and labor
camps. In those we see its final result. But it is conceived and ordered
(moved, seconded, carried, and minuted) in clean, carpeted, warmend, and
well-lighted offices by quiet men with white collars and cut fingernails
and smooth shaven cheeks who do not need to raise their voice. --
C.S. Lewis
Wednesday, July 7, 2021
Fortune Quote #3268
The wise and correct course to follow in taxation is not to destroy those
who have already secured success, but to create conditions under which
every one will have a better chance to be successful. -- Calvin
Coolidge
who have already secured success, but to create conditions under which
every one will have a better chance to be successful. -- Calvin
Coolidge
Tuesday, July 6, 2021
Fortune Quote #3267
The collection of any taxes which are not absolutely required, which do
not beyond reasonable doubt contribute to the public welfare, is only a
species of legalized larceny. -- Calvin Coolidge
not beyond reasonable doubt contribute to the public welfare, is only a
species of legalized larceny. -- Calvin Coolidge
Monday, July 5, 2021
Fortune Quote #3266
You can have a Lord, you can have a King, but the man to fear is the tax
collector. -- Sumerian clay tablet, circa 4,000 B.C.
collector. -- Sumerian clay tablet, circa 4,000 B.C.
Sunday, July 4, 2021
Fortune Quote #3265
It is a signal advantage of taxes on articles of consumption that they
contain in their own nature a security against excess. -- Alexander
Hamilton
contain in their own nature a security against excess. -- Alexander
Hamilton
Saturday, July 3, 2021
Fortune Quote #3264
Lower rates of taxation will stimulate economic activity and so raise the
levels of personal and corporate income as to yield within a few years an
increased -- not a reduced -- flow of revenues to the federal
government. ... The present tax codes ... inhibit the mobility and
formation of capital, add complexities and inequities which undermine the
morale of the taxpayer, and make tax avoidance rather than market factors a
prime consideration in too many economic decisions. -- JFK
levels of personal and corporate income as to yield within a few years an
increased -- not a reduced -- flow of revenues to the federal
government. ... The present tax codes ... inhibit the mobility and
formation of capital, add complexities and inequities which undermine the
morale of the taxpayer, and make tax avoidance rather than market factors a
prime consideration in too many economic decisions. -- JFK
Friday, July 2, 2021
Fortune Quote #3263
The American people will never knowingly adopt Socialism. But under the
name of 'liberalism' they will adopt every fragment of the Socialist
program, until one day America will be a Socialist nation, without knowing
how it happened. -- Norman Thomas
name of 'liberalism' they will adopt every fragment of the Socialist
program, until one day America will be a Socialist nation, without knowing
how it happened. -- Norman Thomas
Thursday, July 1, 2021
Fortune Quote #3262
We can't expect the American people to jump from Capitalism to Communism,
but we can assist their elected leaders in giving them small doses of
Socialism, until they awaken one day to find that they have
Communism. -- Nikita Khrushchev, about FDR's New Deal
but we can assist their elected leaders in giving them small doses of
Socialism, until they awaken one day to find that they have
Communism. -- Nikita Khrushchev, about FDR's New Deal
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