The Wisdom and Knowledge Thread

MenacingMonk

Tranquilo
Joined
May 7, 2012
Messages
61,247
Reputation
7,793
Daps
134,268
Reppin
West where the Sunsets
Drop some jewels that can enlighten the mind. Whether it's a simple quote or a paragraph.

"In peace, prepare for war."

"An open mind is the stepping stone to peace."

"Never have a rotation on doing things, Mix and match."

"An observant eye can spot treachery from afar."


Add on.
 

ogc163

Superstar
Joined
May 25, 2012
Messages
9,027
Reputation
2,140
Daps
22,318
Reppin
Bronx, NYC
"Depart from this point, make the law religious, fraternal, equalizing, industrial, literary, or artistic, and you will be lost in vagueness and uncertainty; you will be upon unknown ground, in a forced Utopia, or, what is worse, in the midst of a multitude of contending Utopias, each striving to gain possession of the law, and to impose it upon you; for fraternity and philanthropy have no fixed limits, as justice has. Where will you stop? Where is the law to stop? One person, Mr. de Saint Cricq, will only extend his philanthropy to some of the industrial classes, and will require the law to slight the consumers in favor of the producers. Another, like Mr. Considerant, will take up the cause of the working classes, and claim for them by means of the law, at a fixed rate, clothing, lodging, food, and everything necessary for the support of life. A third, Mr. Louis Blanc, will say, and with reason, that this would be an incomplete fraternity, and that the law ought to provide them with tools of labor and education. A fourth will observe that such an arrangement still leaves room for inequality, and that the law ought to introduce into the most remote hamlets luxury, literature, and the arts. This is the high road to communism; in other words, legislation will be—as it now is—the battlefield for everybody’s dreams and everybody’s covetousness."


"When law and force keep a man within the bounds of justice, they impose nothing upon him but a mere negation. They only oblige him to abstain from doing harm. They violate neither his personality, his liberty, nor his property. They only guard the personality, the liberty, the property of others. They hold themselves on the defensive; they defend the equal right of all. They fulfill a mission whose harmlessness is evident, whose utility is palpable, and whose legitimacy is not to be disputed. This is so true that, as a friend of mine once remarked to me, to say that the aim of the law is to cause justice to reign, is to use an expression that is not rigorously exact. It ought to be said, the aim of the law is to prevent injustice from reigning. In fact, it is not justice that has an existence of its own, it is injustice. The one results from the absence of the other."
 

Darts

Spittin' em
Joined
Jun 17, 2012
Messages
5,506
Reputation
830
Daps
13,058
"Why shoot the breeze about it, when you could be about it?"
 

Type Username Here

Not a new member
Joined
Apr 30, 2012
Messages
16,368
Reputation
2,385
Daps
32,641
Reppin
humans
A man should look for what is, and not for what he thinks should be.

"The secret to creativity is knowing how to hide your sources."

"We can't solve problems by using the same kind of thinking we used when we created them."

It is a miracle that curiosity survives formal education.

-Albert
 

Brown_Pride

All Star
Joined
Jun 8, 2012
Messages
6,416
Reputation
785
Daps
7,887
Reppin
Atheist for Jesus
If you hit a man, in time his wounds will heal. If you steal from a man, you can replace what you've stolen. But always cross in the green, never in between. Because the honorable Elijah Muhammed Ali floats like a butterfly and stings like a bee. And always remember my brother, one fish, two fish, red fish, blue fish, knick knack, paddy whack, give a dog a bone, two thousand, zero, zero, party, oops! Out of time, my bacon smellin' fine.
 
Joined
May 30, 2012
Messages
1,757
Reputation
-205
Daps
815
Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which — through a complex series of steps — the banks accept in place of tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets. The law of supply and demand is not to be conned. As the supply of money (of claims) increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society lose value in terms of goods. When the economy's books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes with the money proceeds of the government bonds financed by bank credit expansion.


---Alan Greenspan.
 
Top