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Capital Quotes
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I should not regret a fair and full trial of the entire abolition of capital punishment.
James Madison
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One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn't cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that's precisely why tax revenues have soared. When a department store wants to make more money, it doesn't raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.
Mike Rosen
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So far as school education is concerned, many of the assumptions necessary for market efficiency fail, the main problems being imperfect information, imperfect capital markets, and external effects.
Nicholas Barr
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If a lack of money had prevented people from improving their lot, then mankind would still be living in the caves: unless you believe that investment capital first arrived from outer space.
Anthony Daniels
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A man who applies his labour to the investing of objects with value by the creation of utility of some sort, can not expect such a value to be appreciated and paid for, unless where other men have the means of purchasing it. Now, of what do these means consist? Of other values of other products, likewise the fruits of industry, capital, and land. Which leads us to a conclusion that may at first appear paradoxical, namely, that it is production which opens a demand for products.
Jean-Baptiste Say
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The present assault on capital is but the beginning. It will be but the stepping-stone to others, larger and more sweeping, till our political contests will become a war of the poor against the rich—a war constantly growing in intensity and bitterness.
Stephen Johnson Field
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Slavery is useful for early accumulation of capital, but it is too rigid for industrial development. Slaves had to be given crude non-breakable tools which held back the capitalist development of agriculture and industry. That explains the fact that the northern portions of the U.S.A. gained far more industrial benefits from slavery than the South, which actually had slave institutions on its soil; and ultimately the stage was reached during the American Civil War when the Northern capitalists fought to end slavery within the boundaries of the U.S.A. so that the country as a whole could advance to a higher level of capitalism.
Walter Rodney
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For all of us who have been fortunate enough to make capital, we can't take it with us in any case, so let's act responsibly with it. Let's put something back in.
Ronald Cohen
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Production functions involving only land, labor and capital... never work and never explain economic development.
Kenneth Boulding
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Certain types of loudmouthism should be a capital offense among decent people.
Robert A. Heinlein
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Stop torturing yourself, her friends said. Stop living in the past. He was gone. Capital G—Gone. He wasn't coming back. She should focus not on the pain, but on the possibility. Something good would come from all this heartache, something always did. Everything, her friends told her, happened for a reason. She should start looking for the silver lining. She thought she might start looking for new friends.
Aryn Kyle
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Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy' — as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.
James K. Galbraith
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It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become - of all things - Wall Street's own slogan.
Robert Kuttner
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Companies and leaders who treat knowledge management as just another branch of IT don't understand how human beings learn and create... Unlike land, capital, energy, labor, and technology — the conventional inputs into business practice — knowledge is innately self-renewing. It is produced and consumed simultaneously. Its value increases with use, rather than being depleted as with industrial goods or commodities. Above all, it is a resource created by humans acting in relationship with one another.
Ikujiro Nonaka
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The Bible has been interpreted to justify such evil practices as, for example, slavery, the slaughter of prisoners of war, the sadistic murders of women believed to be witches, capital punishment for hundreds of offenses, polygamy, and cruelty to animals. It has been used to encourage belief in the grossest superstition and to discourage the free teaching of scientific truths. We must never forget that both good and evil flow from the Bible. It is therefore not above criticism.
Steve Allen
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I then went on to suggest that we make a serious effort to gauge the demand over the next five to ten years, and make plans to meet that demand. In building new facilities, I suggested that we "use corporation funds for such new plants needed for armament if that gives us better control over same from the long term position in relation to the master plan." Accelerated depreciation made the use of corporate funds all the more feasible, and relieved the government of the necessity of providing capital for the plants.
Alfred P. Sloan
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Page, Arizona, Shithead Capital of Coconino County: any town with thirteen churches and only four bars has got an incipient social problem. That town is looking for trouble.
Edward Abbey
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We assume... that the banking system must be prepared to expand (or contract) the total supply of money to the extent necessary to prevent any scarcity (or plenty) of funds in the capital market which may be induced by any other disturbing factor, from causing a rise (or fall) in interest rates
James Meade
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Put bluntly, if investors can't be convinced that investing in banks will deliver appropriate returns, capital will be sucked out of the industry, causing credit availability to fall and the cost of credit to rise.
Mervyn King, Baron King of Lothbury
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But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
John Maynard Keynes
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I am also, I must confess, a little sceptical of the theory that we have a right, if we could, to pass on our capital burden to future generations. I remarked last year in this context that our predecessors had not passed any significant part of their burden on to us.
John James Cowperthwaite
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There can be no greater error then in supposing that capital is increased by non-consumption.
David Ricardo
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The young artists of today understand nothing; they copy to satiety the classic ornaments and designs, and reproduce them in so cold a manner that they lose all meaning. The ancients obtained their designs from nature. They found their models in the garden, even in the vegetable garden. They drew their inspiration from its source. The cabbage-leaf, the oak-leaf, the clover, the thistle, and the brier are the motives of the Gothic capital. It is not photographic truth, but living truth, that we must seek in art.
Auguste Rodin
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Today knowledge and human capital are becoming an organisation's key resources, and the ability to find, attract and retain talent has become an essential skill that any successful organization must embrace.
Nigel Cumberland
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A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower,... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.
Robert Rubin
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Quote of the day
Two important characteristics of maps should be noticed. A map is not the territory it represents, but, if correct, it has a similar structure to the territory, which accounts for its usefulness.
Alfred Korzybski
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