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"The problem of how we finance the welfare state should not obscure a separate issue: if each person thinks he has an inalienable right to welfare, no matter what happens to the world, that's not equity, it's just creating a society where you can't ask anything of people."
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"He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange."
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Personal Development
"Thirty to 40 years ago, most financial decisions were fairly simple."
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Personal Development
"When you work hard in a job that suits your living standards, never greed for fortune because you will distract yourself from fulfilling other important priorities and participating in leisure activities in your current life. You will eventually gain the fortune if you set up a wise investment goal by having pride and confidence on your savings."
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Personal Development
"In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems."
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Personal Development
"Alimony is the curse of the writing class."
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Personal Development
"Any bull market covers a multitude of sins, so there may be all sorts of problems with the current system that we won't see until the bear market comes."
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Personal Development
"Many critics of the Palestinians, especially those in Congress, think the current calm is merely the eye of the storm. That's why the House of Representatives approved a foreign aid package last week that forbade the direct financial assistance to the Palestinian Authority ."
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Personal Development
"A penny saved is not a penny earned if at the end of the day you still owe a quarter."
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Personal Development
"I wanted to make Jerusalem as feature film. But we couldn't finance it only through theatrical release, we couldn't get all the money we needed. We had to get some money from television. So we said, ok, let's do it both ways. So we did it in four parts."
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Personal Development
"Poor is the man who does not know his own intrinsic worth and tends to measure everything by relative value. A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth."
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"The unions still have a job to do, representing their members' interests to governments and parliaments. And I think collective agreements still have a role, alongside markets and laws."
Job
"I had to think whether, after 50 years of hard slog, I was still lucid and fresh enough for the job."
Job
"The countries that share this conception should be able to go further together, without excluding the others, since they can still live in a greater community of exchange and co-operation."
Community
"This desire for equity must not lead to an excess of welfare, where nobody is responsible for anything."
Desire
"Fundamentally, American society is composed of individuals who don't go out of their way to do each other favours."
Society
"Yes, the European model remains superior to that of America and Japan."
Nation
"The problem with a purely collective system is not only that it requires economic growth, and the right sort of demographic trends, but that it prevents people thinking about their futures in a responsible way."
People
"Therefore one should speak at the same time of national citizenship and wider European citizenship."
Time
"We have to struggle against the conservatives from all sides, not only the right-wingers, but also the left-wing conservatives who don't want to change anything."
Change
"The European model is in danger if we obliterate the principle of personal responsibility."
Danger
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