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"Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work."
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"The ideal form of government is democracy tempered with assassination."
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Personal Development
"All government, indeed every human benefit and enjoyment, every virtue, and every prudent act, is founded on compromise and barter."
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Personal Development
"Bush is very clever. When the debate should have been about the deterioration of our cities and the lack of action by government, he sent in his idiot to make an outrageous statement about Murphy Brown."
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Personal Development
"Sure the people are stupid: the human race is stupid. Sure Congress is an inefficient instrument of government. But the people are not stupid enough to abandon representative government for any other kind, including government by the guy who knows."
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Personal Development
"As America celebrates Memorial Day, we pay tribute to those who have given their lives in our nation's wars."
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Personal Development
"Government has no other end, but the preservation of property."
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Personal Development
"Government is an evil; it is only the thoughtlessness and vices of men that make it a necessary evil. When all men are good and wise, government will of itself decay."
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Personal Development
"It is hard to feel individually responsible with respect to the invisible processes of a huge and distant government."
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Personal Development
"The Establishment Clause prohibits government from making adherence to a religion relevant in any way to a person's standing in the political community."
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Personal Development
"We are a forward-looking people, and we must have a forward-looking government."
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Personal Development
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"In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth."
Experience
"After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive."
Ability
"Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work."
Government
"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today."
Economy
"To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world."
Finance
"I think that over the last few decades, we have seen better economic outcomes than in the past."
Past
"And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets."
Science
"Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly."
Economy
"Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like."
Home
"Inflation is lower and more stable and the real business cycle fluctuations are more modest."
Business
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