Fiscal Quotes

We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.

A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.

A democracy cannot exist as a permanent form of government. It can only exist until the people discover they can vote themselves largess out of the public treasury. From that moment on, the majority always votes for the canidate promising the most benefits from the public treasury, with the result that democracy always collapses over a loose fiscal policy--to be followed by a dictatorship.

And to preserve their independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers.

At the heart of every major political upheaval lies a fiscal revolution.

She gave me money to buy condoms, and instead I bought a book of baby names. That’s life. That’s love. That’s fiscally irresponsible.


The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

I favor the policy of economy, not because I wish to save money, but because I wish to save people.

Lord, the money we do spend on Government and it's not one bit better than the government we got for one-third the money twenty years ago.

A library is a different kind of social reality (of the three dimensional kind), which by its very existence teaches a system of values beyond the fiscal.

No estaba herida. Sólo gritaba de dolor. El fiscal se sentó entre una anciana mamacha que lloraba en quechua y un policía con un corte en la mano que goteaba sangre. Abril Rojo

Helping the terminally ill to consciously end their lives is a crime, while denying health care to the living is seen as sound fiscal practice.

Most economists would concede that, in theory, government has the tools to smooth the business cycle. The problem is that fiscal policy is not made in theory; it's made in Congress.

There's a power struggle going on across Europe these days. A few cities are competing against each other to see who shall emerge as the great 21st century European metropolis. Will it be London? Paris? Berlin? Zurich? Maybe Brussels, center of the young union? They all strive to outdo one another culturally, architecturally, politically, fiscally. But Rome, it should be said, has not bothered to join the race for status. Rome doesn't compete. Rome just watches all the fussing and striving, completely unfazed. I am inspired by the regal self-assurance of this city, so grounded and rounded, so amused and monumental, knowing she is held securely in the palm of history. I would like to be like Rome when I am an old lady.

And that's just the beginning. More and more, conventional wisdom says that the responsible thing is to make the unemployed suffer. And while the benefits from inflicting pain are an illusion, the pain itself will be all too real.

I have made mistakes—mighty big ones at that. Not the kind that would cause a national fiscal deficit a-la Manmohan Singh or ruin some unassuming person’s life, but the kind that makes you go into face palm mode and want to die every time you are reminded of them.

Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich. [...] "But we have also," continued the management consultant, "run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying on ship's peanut." [...] "So in order to obviate this problem," he continued, "and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and...er, burn down all the forests. I think you'll all agree that's a sensible move under the circumstances.

As many frustrated Americans who have joined the Tea Party realize, we cannot stand against big government at home while supporting it abroad. We cannot talk about fiscal responsibility while spending trillions on occupying and bullying the rest of the world. We cannot talk about the budget deficit and spiraling domestic spending without looking at the costs of maintaining an American empire of more than 700 military bases in more than 120 foreign countries. We cannot pat ourselves on the back for cutting a few thousand dollars from a nature preserve or an inner-city swimming pool at home while turning a blind eye to a Pentagon budget that nearly equals those of the rest of the world combined.

Once I had asked, ‘But are you a Democrat or a Republican?” and Jonathan said, “I’m socially progressive but fiscally conservative,” and Doug Miles, a football player who also came to Sunday breakfast but only ever read the sports section and ignored everyone, lifted his head and said, “Is that like being bisexual?” Which I actually thought was funny, even though I was pretty sure Doug was a jerk.

Neoliberalism’s guiding principle is not free markets, nor fiscal discipline, nor sound money, nor privatization and offshoring – not even globalization. All these things were byproducts or weapons of its main endeavour: to remove organized labour from the equation.

first law of fiscal dynamics—that money cannot be gained or lost, only moved—they’d

Modernity starts with the state monopoly on violence, and ends with the state’s monopoly on fiscal irresponsibility.

A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy...

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.

I’m fiscally conservative but socially liberal…’I’m not sure if I believe that really exists,’ I replied. ‘I know what you’re trying to say. But ‘I love the gays but don’t care about the poor’ can’t be described as liberal in any sense.

I'm a woman; in so many ways I've been programmed to please. I took the job and spent time hunkered over figures, budgets, charts, and fiscal-year projections. I tried, but I hated it. "Working at a job you don't like is the same as going to prison every day," my father used to say. He was right. I felt imprisoned by an impressive title, travel, perks, and a good salary. On the inside, I was miserable and lonely, and I felt as if I was losing myself. I spent weekends working on reports no one read, and I gave presentations that I didn't care about. It made me feel like a sellout and, worse, a fraud. Now set free, like any inmate I had to figure out what to do with the rest of my life.

New Rule: Whenever you think the Tea Party can't get any dumber, they get dumber. Now they're in love with Donald Trump. Because nothing says "We're serious about fiscal responsibility" quite like a billionaire whose corporations have filed for bankruptcy three times.

If," ["the management consultant"] said tersely, “we could for a moment move on to the subject of fiscal policy. . .” “Fiscal policy!" whooped Ford Prefect. “Fiscal policy!" The management consultant gave him a look that only a lungfish could have copied. “Fiscal policy. . .” he repeated, “that is what I said.” “How can you have money,” demanded Ford, “if none of you actually produces anything? It doesn't grow on trees you know.” “If you would allow me to continue.. .” Ford nodded dejectedly. “Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich.” Ford stared in disbelief at the crowd who were murmuring appreciatively at this and greedily fingering the wads of leaves with which their track suits were stuffed. “But we have also,” continued the management consultant, “run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying one ship’s peanut." Murmurs of alarm came from the crowd. The management consultant waved them down. “So in order to obviate this problem,” he continued, “and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and. . .er, burn down all the forests. I think you'll all agree that's a sensible move under the circumstances." The crowd seemed a little uncertain about this for a second or two until someone pointed out how much this would increase the value of the leaves in their pockets whereupon they let out whoops of delight and gave the management consultant a standing ovation. The accountants among them looked forward to a profitable autumn aloft and it got an appreciative round from the crowd.

Racism is not only morally wrong, but fiscally stupid.9

Avoid fiscally irresponsible people and certainly don't marry one.

A Bank is but a college of Fiscal Magic.

Most people who win the lottery are exactly as they were prior within a few years if they are not worse off. The fiscal management skills that lead one to give over daily money for scratch-offs will also cause the new money to vanish.

When prisons are privatized, issues of crime and justice are taken out of the realm of ethics or morality and placed squarely within the culture and logic of the free market. In doing so, the mission of rehabilitating or even punishing people is trumped by the market-driven goal of maximizing shareholder wealth. Further, market-based notions of “efficiency” prompt prisons to divest from everything but the crudest institutional resources. Healthful foods, mental health resources, and educational programs all become fiscal fat that must be trimmed by the prison in order to maximize the bottom line. In simple terms, we have created a world where there is profit in incarcerating as many individuals as possible for as little money as necessary.

It's a dangerous game that I've set myself up to lose. I simply don't have Mick's fiscal resources. I have to follow the path I've set, but I don't have to like it.

the fabled three horsemen of the fiscal apocalypse—fraud, waste, and abuse

When you look at Van Gogh, Jesus, Buddha, Mother Teresa from a "fiscal" perspective, they were homeless. When you look at them from a humanity perspective, they were priceless.

Reliable tax revenue is vital to the fiscal wellbeing of municipalities.

There is a correlation between the fiscal wellbeing of municipality and the economic wellbeing of a municipality.

Fiscal discipline is a vital element of well run city, especially in regard to outstanding municipal bonds.

If Americans actually understood the structure of our taxes, they would not only become angry, they might also find our economic and political systems intolerable because they are the cause of our unjust tax codes ... We could revolutionize the financial conditions of every American city and town—solve all or most of its tax revenue problems—if the property tax system were simply extended from tangible property to also include intangible property. If you want some quick solutions to our nation's fiscal problems, that would be one. Even on the simple basis of fairness, how can we justify having a property tax system that exempts the intangible property owned mostly by the richest amongst us? What a prime example of the Occupy movement's central point about the economic injustice perpetrated by the 1 percent against the 99 percent.

Alas, my “fiddle playing” will not get me to Carnegie Hall — or even to a high school recital. Berkshire, on your behalf and mine, will send the Treasury $3.3 billion for tax on its 2003 income, a sum equaling 2½% of the total income tax paid by all U.S. corporations in fiscal 2003.

But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.

Lagos was established by mainly Black Afrofuturists. Space is the Place. With considerable effort, all their fiscal and human resources and a rich, funky cultural history mixed with African myth and mythmaking, they willed the space station into being. More than a few white supremacists liked the idea of a large proportion of Black people leaving Earth. They were disappointed when Lagos flourished.

The national debt—that is, the unfunded liabilities and fiscal operating debt—amounts to tens of trillions of dollars. The Government Accountability Office, the Congressional Budget Office, and numerous other public and private institutions have sounded warning alarms about the oncoming crash. But no serious or effective steps have been taken to address this simmering financial and economic implosion.

who loves to immerse herself in a universe where fiscal cells split off to create gazillions of replicas of themselves spinning off into beautiful infinity the glittering stars of wealth that make the world go around

The United States forgot— if it ever knew— the supreme virtue of an enlightened realpolitik, which is to keep one’s powder dry, intervene militarily as a last resort (rather than a first), and maintain industrial and fiscal strength at home.

Here are a few key guidelines to consider: Spend less than you earn—invest the surplus—avoid debt. Do simply this and you’ll wind up rich. Not just in money. Carrying debt is as appealing as being covered with leeches and has much the same effect. Take out your sharpest knife and start scraping the little bloodsuckers off. If your lifestyle matches—or god forbid exceeds—your income, you are no more than a gilded slave. Avoid fiscally irresponsible people. Never marry one or otherwise give him or her access to your money. Avoid investment advisors. Too many have only their own interests at heart. By the time you know enough to pick a good one, you know enough to handle your finances yourself. It’s your money and no one will care for it better than you. You own the things you own and they in turn own you. Money can buy many things, but nothing more valuable than your freedom. Life choices are not always about the money, but you should always be clear about the financial impact of the choices you make.

The growing policy-reform movement is a broad church. It includes everyone from ganja-smoking Rastafarians to free-market fundamentalists and all in between. There are socialists who think the drug war hurts the poor, capitalists who see a business opportunity, liberals who defend the right to choose, and fiscal conservatives who complain America is spending $40 billion a year on the War on Drugs rather than making a few billion taxing it. The movement can’t agree on much other than that the present policy doesn’t work. People disagree on whether legalized drugs should be controlled by the state, by corporations, by small businessmen, or by grow-your-own farmers, and on whether they should be advertised, taxed, or just handed out free in white boxes to addicts.

The United States is now a bloated military empire on the cusp of steady and irrevocable economic decline. Historically, the danger in such cases is that when the fiscal stability of the empire begins to weaken, the governing elites double down on the very policies of military profligacy that caused the fiscal crisis in the first place. And that appears to be what the people who run America would like to do. This

Since the debt limit simply accommodates debt that has already been incurred, raising it should, in theory, be perfunctory. But politicians have found it a useful shibboleth for showing their fealty fiscal discipline, even as they vote to ratify the debts their previous actions have a beginning the country to pay. The symbol of railing against debt has proven politically beneficial, even if not substantively meaningful.

Wealth is not authored by material possessions, money, or “stuff,” but by what I call the three fundamental “F's”: family (relationships), fitness (health), and freedom (choice, both fiscally and personally). You will find true wealth and, yes, happiness within this wealth trinity.

I am a conservative. We can define conservatism generally as an approach to governance that values individual freedom, personal responsibility, and moral virtue as a bulwark for that same freedom. We believe in a limited role for government, fiscal discipline, and an understanding that government exists to protect our inalienable rights, among them life, liberty, and the pursuit of happiness. Government does not exist to end your suffering; it exists in order to create the proper structure, based on equality and justice, so that you may pursue your own happiness.

I believe the only thing that will correct our downward trajectory is the rekindling of the enthusiasm for individual freedom and the reestablishment of the U.S. Constitution as the dominant document of governance. Unless the majority of Americans awaken from their complacency and recognize the threat to their fundamental individual liberties imposed by continued expansion of the federal government, nothing will save us from the fate of all pinnacle nations that have preceded us, those that tolerated political and moral corruption while ignoring fiscal irresponsibility.

And, once again, the bears showed us. There they were, God help us, the Ledgers of the Earth, written in clouds and glaciers and sediments, tallied in the colours of the sun and the moon as light passed through the millennial sap of every living thing, and we looked upon it all with dread. Ours was not the only fiscal system in the world, it turned out. And worse, our debt was severe beyond reckoning. And worse than worse, all the capital we had accrued throughout history was a collective figment of the human imagination: every asset, stock and dollar. We owned nothing. The bears asked us to relinquish our hold on all that never belonged to us in the first place. Well, this we simply could not do. So we shot the bears.

If economic catastrophe does come, will it be a time that draws Christians together to share every resource we have, or will it drive us apart to hide in our own basements or mountain retreats, guarding at gunpoint our private stores from others? If we faithfully use our assets for his kingdom now, rather than hoarding them, can't we trust our faithful God to provide for us then?

Die Religionen Müsen alle Tolleriret werden und Mus der fiscal nuhr das auge darauf haben, das keine der andern abruch Tuhe, den hier mus ein jeder nach Seiner Fasson Selich werden!" [Rand-Verfügung des Königs zum Immediat-Bericht des Geistlichen Departements: Katholische Schulen und Proselytenmacherei; Berlin, 22. Mai 1740]

Protectionism, such as what U.S. president Donald Trump was attempting, amounts in effect under these circumstances (that is, in the absence of any significant expansion of state expenditure financed either by a fiscal deficit or by taxes on capitalists) to an export of unemployment to other countries. It can work only if the other countries do not retaliate. If they do, then it gives rise to a competitive “beggar-thy-neighbor” policy that only worsens the crisis by creating further uncertainties and reducing investments further.

y lo que ha dicho el fiscal es que un hombre no debe morir por tan poca cosa

„Listen,” Richard says, „unless you're about to inherit some money, what we're talking about here is irreversible, fatal. You have fiscal Ebola, Matt. You are bleeding out through your nose and your mouth and your eye sockets, from your financial asshole.” See! Fiscal Ebola? My financial asshole is bleeding? This was exactly why I started poetfolio.com; there are money poets everywhere.

Inequality is neither economic nor technological; it is ideological and political. This is no doubt the most striking conclusion to emerge from the historical approach I take in this book. In other words, the market and competition, profits and wages, capital and debt, skilled and unskilled workers, natives and aliens, tax havens and competitiveness—none of these things exist as such. All are social and historical constructs, which depend entirely on the legal, fiscal, educational, and political systems that people choose to adopt and the conceptual definitions they choose to work with.

London? Paris? Berlin? Zurich? Maybe Brussels, center of the young union? They all strive to outdo one another culturally, architecturally, politically, fiscally. But Rome, it should be said, has not bothered to join the race for status. Rome doesn't compete. Rome just watches all the fussing and striving, completely unfazed, exuding an air like: 'Hey- do whatever you want, but I'm still Rome. I am inspired by the regal self-assurance of this town, so grounded and rounded, so amused and monumental, knowing that she is held securely in the palm of history. I would like to be Rome when I am an old lady.

Bethesda … Would I be wrong in guessing you work for Uncle Sam?" "Why, yes. You must be very familiar with Washington, Mr. Fenton. Does your work bring you there often?" Anywhere but on our sandbar the little ploy would have worked. My hunter's gene twitches. "Which agency are you with?" She gives up gracefully. "Oh, just GSA records. I'm a librarian." Of course. I know her now, all the Mrs. Parsonses in records divisions, accounting sections, research branches, personnel and administration offices. Tell Mrs. Parsons we need a recap on the external service contracts for fiscal '73. - 'The Women Men Don't See

If the case isn't plea bargained, dismissed or placed on the inactive docket for an indefinite period of time, if by some perverse twist of fate it becomes a trial by jury, you will then have the opportunity of sitting on the witness stand and reciting under oath the facts of the case-a brief moment in the sun that clouds over with the appearance of the aforementioned defense attorney who, at worst, will accuse you of perjuring yourself in a gross injustice or, at best, accuse you of conducting an investigation so incredibly slipshod that the real killer has been allowed to roam free. Once both sides have argued the facts of the case, a jury of twelve men and women picked from computer lists of registered voters in one of America's most undereducated cities will go to a room and begin shouting. If these happy people manage to overcome the natural impulse to avoid any act of collective judgement, they just may find one human being guilty of murdering another. Then you can go to Cher's Pub at Lexington and Guilford, where that selfsame assistant state's attorney, if possessed of any human qualities at all, will buy you a bottle of domestic beer. And you drink it. Because in a police department of about three thousand sworn souls, you are one of thirty-six investigators entrusted with the pursuit of that most extraordinary of crimes: the theft of a human life. You speak for the dead. You avenge those lost to the world. Your paycheck may come from fiscal services but, goddammit, after six beers you can pretty much convince yourself that you work for the Lord himself. If you are not as good as you should be, you'll be gone within a year or two, transferred to fugitive, or auto theft or check and fraud at the other end of the hall. If you are good enough, you will never do anything else as a cop that matters this much. Homicide is the major leagues, the center ring, the show. It always has been. When Cain threw a cap into Abel, you don't think The Big Guy told a couple of fresh uniforms to go down and work up the prosecution report. Hell no, he sent for a fucking detective. And it will always be that way, because the homicide unit of any urban police force has for generations been the natural habitat of that rarefied species, the thinking cop.

In practice, the term “populism” has become the ultimate weapon in the hands of the objectively privileged social classes, a means to dismiss out of hand any criticism of their preferred political choices and policies. Gone is the need for any debate about novel social and fiscal arrangements or alternative ways of organizing globalization. It is enough to brand dissenters as “populists” to end all discussion with a clear conscience and foreclose debate.

He llegado a pensar que después de todo, la conciencia es simultáneamente nuestro cielo y nuestro infierno. El famoso Juicio Final, lo llevamos aquí, en el pecho. Todas las noches, sin ser conscientes de ello, enfrentamos un Juicio Final. Y es de acuerdo a su dictamen que podemos dormir tranquilos o revolcarnos en pesadillas. Somos juez y parte, fiscal y defensor, que mas remedio. Si nosotros mismos no sabemos condenarnos o absolvernos ¿Quién será capaz de hacerlo?…

To summarise, the design of Nordic tax systems has over time created a ‘fiscal illusion’, whereby the public is not aware of the taxes they are paying. One can reflect on whether it is really in line with democratic principles to raise taxes in a way such that citizens are unaware of them. Interestingly, few proponents of introducing a Nordic model of high taxes in other countries stress that such a move would require hiding the true cost of taxation from the public.

Money is only a vehicle. It will take you where you want to go, but it can’t take the helm. You must learn to navigate yourself towards your own economic success and create your own path to becoming fiscally fit and financially savvy. In school we’re not taught about the wonderful world of finance. We’re taught to get good grades so we can get a good job. We all now realize that a job is the worst way to build wealth. Without the proper knowledge and wisdom our views about money remain distorted.

Much of America is now in need of an equivalent of Mrs. Thatcher's privatization program in 1980s Britain, or post-Soviet Eastern Europe's economic liberalization in the early Nineties. It's hard to close down government bodies, but it should be possible to sell them off. And a side benefit to outsourcing the Bureau of Government Agencies and the Agency of Government Bureaus is that you'd also be privatizing public-sector unions, which are the biggest and most direct assault on freedom, civic integrity, and fiscal solvency.

In the report by the Institute of Fiscal Studies the authors ask, "if calories are declining, why is weight increasing?" I kind of feel like the smart Alec kid at school, which I never was, who shoots their hand up and is almost jumping out of their seat to answer.

Marconi recognized that with no revenue and no contracts and in the face of persistent skepticism, he needed more than ever to capture an ally of prominence and credibility. Through Fleming, however, Marconi also hoped to gain a benefit more tangible. His new idea, the feat he hoped would command the world’s attention once and for all, would require more power and involve greater danger, physical and fiscal, than anything he had attempted before. When it came to high-power engineering, he knew, Fleming was the man to consult. UNLIKE LODGE OR KELVIN, Fleming was susceptible to flattery and needful of attention, as evidenced by the fact that upon receiving Marconi’s telegram he made sure the London Times got a copy of it. The Times published it, as part of its coverage of Marconi’s English Channel success.

Social Security and Medicare were sold to the public as insurance programs. They are not. As such, they now rely mostly on the “contributions” of younger workers and massive federal borrowing to subsidize them. Despite repeated and dire warnings about their unsustainable fiscal condition from the trustees appointed to oversee them, younger workers are compelled to continue to pay into these programs, from which they are unlikely to benefit upon their retirement and for which future generations will bear the brunt of their eventual collapse.

People have themselves to blame for their decisions; that is undeniable. But don't we have a legal obligation to structure a system that is balanced, not savagely slanted against minorities and the poor? Don't we have a fiscal responsibility to take a commonsense approach to reducing the cost to taxpayers? Don't we have a moral responsibility to offer redemption to someone who has paid his debt instead of unyielding retribution against him and his family?... Aren't we a nation that believes our fellow citizens deserve, at some point, a second chance?

But if racism is pictured as parents asserting their rights as taxpayers & questioning whether the Brown decision applies to "their schools"; if it is shown in calls for more "law & order" & "fiscal responsibility"; if it is demonstrated in the lack of public will to address differentials in resources & services in schools, streets, policing & housing; if it is revealed in the kinds of issues the news media chooses not to cover; if it is illustrated in who stays silent when inequality is brought to light--then it raises questions about where we are today.

They had the certain knowledge that they were the first American generation to have little hope of doing better than their parents, the generation that would suffer for the fiscal excesses of the Reagan eighties, that spent their entire sexual prime in the shadow of AIDS, that spent their childhoods having nightmares about nuclear war. They felt powerless to rescue an embattled environment and spent most of their lives with either Reagan or Bush in the White House, enduring a repressive sexual and cultural climate. And they felt helpless and inarticulate in the face of it all.

As long as there are no routes back to full employment except that of somehow restoring business confidence, he pointed out, business lobbies in effect have veto power over government actions: propose doing anything they dislike, such as raising taxes or enhancing workers' bargaining power, and they can issue dire warnings that this will reduce confidence and plunge the nation into depression. But let monetary and fiscal policy be deployed to fight unemployment, and suddenly business confidence becomes less necessary, and the need to cater to capitalists' concern is much reduced.

Voltaire exclaims: ‘Oh metaphysics! We have come precisely as far as in the time of the early Druids.’c But what other science has always had, like it, the constant handicap of an antagonist ex officio, an appointed fiscal prosecutor, and a king’s champion in full armour who attack it defenceless and unarmed? It will never reveal its true powers or be able to take its giant strides as long as it is expected to conform, under threat, to the dogmas that accrue to the ever so tiny capacity of the great mob. First they bind our arms, and then they mock us for not being able to achieve anything.

We were born a nation of entrepreneurs. That is why so many people came to this country from so many different nations and cultures around the globe. The entrepreneur sees the opportunity, takes action, and successfully learns from the experience. They go on to create wealth. They become part of that demographic that is called “the rich.” They, not the government, drive the economy and create jobs. Only a mind with an envious, greedy perspective would consider punitively taxing the rich as a viable solution to our fiscal miasma. This is a solution springing from the fount of ignorance and deemed wise only by fools.

the strongest predictor of students’ success is related to their social circumstances. The social, intellectual, and fiscal resources, or “capital,” students bring with them into schools, whether charter or traditional, are much more important than the structure of the school or even the quality of the teachers

What with the doctrines that are now widely accepted and the policies accordingly expected from the monetary authorities, there can be little doubt that current union policies must lead to continuous and progressive infl ation. The chief reason for this is that the dominant “fullemployment” doctrines explicitly relieve the unions of the responsibility for any unemployment and place the duty of preserving full employment on the monetary and fiscal authorities. The only way in which the latter can prevent union policy from producing unemployment is, however, to counter through inflation whatever excessive rises in real wages unions tend to cause.

Ideally, a fair and equitable society would regulate debt in line with the ability to be paid without pushing economies into depression. But when shrinking markets deepen fiscal deficits, creditors demand that governments balance their budgets by selling public monopolies. Once the land, water and mineral rights are privatized, along with transportation, communications, lotteries and other monopolies, the next aim is to block governments from regulating their prices or taxing financial and rentier wealth. The neo-rentier objective is threefold: to reduce economies to debt dependency, to transfer public utilities into creditor hands, and then to create a rent-extracting tollbooth economy. The financial objective is to block governments from writing down debts when bankers and bondholders over-lend. Taken together, these policies create a one-sided freedom for rentiers to create a travesty of the classical “Adam Smith” view of free markets. It is a freedom to reduce the indebted majority to a state of deepening dependency, and to gain wealth by stripping public assets built up over the centuries.

The ones with the most generous social provisions are the northern European countries: Germany, Netherlands, Denmark, Sweden, Finland, and Norway. These are export-oriented, surplus economies with sound fiscal balances and strong social safety nets. The claim that Europe’s fiscal mess is the result of overly generous social welfare systems simply cannot be substantiated.

El problema con los estados de la federacion, es que se trata de poderes sin obligaciones, en los mas diversos temas, desde la seguridad de su poblacion hasta la proteccion de sus ciudadanos en caso de desastres nacionales. El caso extremo de falta de obligaciones es el fiscal. Como los estados demandan recursos, pero no los recaudan, quien tiene que obtenerlos es la federacion.

There is a major difference between theoretical knowledge and experiential knowledge. Academics think they know how the economy should work; successful business owners know how the economy does work. They have been there and done it. Our government should be turning to those who have experiential knowledge when it comes to solving our fiscal problems. They would realize that many of their current policies may sound good but don’t work in the real world and must be abandoned. They would spend less and live within their means. They would be promoting the creation of more entrepreneurs and business owners, instead of hiring more bureaucrats, consulting more academics, and enlisting more lawyers to harass and prosecute the true wealth creators of this nation.

My only allegiance is to my country.  The success of our country is built on hard work, sacrifice, innovation, integrity, and confidence.  How can you be confident if you can’t get a job?  How can you be confident if the mortgage on your home is higher than your home’s value?  How can you be confident when our elected officials haven’t given us one single idea how to fix this situation? – Jeremy Lyons

The three terms of Federalist rule had been full of dazzling accomplishments that Republicans, with their extreme apprehension of federal power, could never have achieved. Under the tutelage of Washington, Adams, and Hamilton, the Federalists had bequeathed to American history a sound federal government with a central bank, a funded debt, a high credit rating, a tax system, a customs service, a coast guard, a navy, and many other institutions that would guarantee the strength to preserve liberty. They activated critical constitutional doctrines that gave the American charter flexibility, forged the bonds of nationhood, and lent an energetic tone to the executive branch in foreign and domestic policy. Hamilton, in particular, bound the nation through his fiscal programs in a way that no Republican could have matched. He helped to establish the rule of law and the culture of capitalism at a time when a revolutionary utopianism and a flirtation with the French Revolution still prevailed among too many Jeffersonians. With their reverence for states’ rights, abhorrence of central authority, and cramped interpretation of the Constitution, Republicans would have found it difficult, if not impossible, to achieve these historic feats. Hamilton

The great irony, then, is that the nation’s most famous modern conservative economist became the father of Big Government, chronic deficits, and national fiscal bankruptcy. It was Friedman who first urged the removal of the Bretton Woods gold standard restraints on central bank money printing, and then added insult to injury by giving conservative sanction to perpetual open market purchases of government debt by the Fed. Friedman’s monetarism thereby institutionalized a régime which allowed politicians to chronically spend without taxing. Likewise, it was the free market professor of the Chicago school who also blessed the fundamental Keynesian proposition that Washington must continuously manage and stimulate the national economy. To be sure, Friedman’s “freshwater” proposition, in Paul Krugman’s famous paradigm, was far more modest than the vast “fine-tuning” pretensions of his “salt-water” rivals. The saltwater Keynesians of the 1960s proposed to stimulate the economy until the last billion dollars of potential GDP was realized; that is, they would achieve prosperity by causing the state to do anything that was needed through a multiplicity of fiscal interventions. By contrast, the freshwater Keynesian, Milton Friedman, thought that capitalism could take care of itself as long as it had precisely the right quantity of money at all times; that is, Friedman would attain prosperity by causing the state to do the one thing that was needed through the single spigot of M1 growth.

Mais au nom de quelle logique économique devrait-on interdire les emprunts nécessaires pour construire des routes, des universités, des crèches, des hôpitaux ? En matière d'investissement, il serait pertinent d'appliquer aux comptes publics le même raisonnement qu'aux comptes de l'entreprise. Le déficit et l'endettement public sont parfaitement justifiés, quand ils financent des biens et des équipements publics indispensables et dont l'effet positif sur le développement suscitera à terme les rentrées fiscales permettant de rembourser les crédits contractés.

Then you can go to Cher's Pub at Lexington and Guilford, where that selfsame assistant state's attorney, if possessed of any human qualities at all, will buy you a bottle of domestic beer. And you drink it. Because in a police department of about three thousand sworn souls, you are one of thirty-six investigators entrusted with the pursuit of that most extraordinary of crimes: the theft of a human life. You speak for the dead. You avenge those lost to the world. Your paycheck may come from fiscal services but, goddammit, after six beers you can pretty much convince yourself that you work for the Lord himself. If you are not as good as you should be, you'll be gone within a year or two, transferred to fugitive, or auto theft or check and fraud at the other end of the hall. If you are good enough, you will never do anything else as a cop that matters this much. Homicide is the major leagues, the center ring, the show. It always has been. When Cain threw a cap into Abel, you don't think The Big Guy told a couple of fresh uniforms to go down and work up the prosecution report. Hell no, he sent for a fucking detective.

Un hombre bajito y de lentes, mal afeitado y con el pelo grasiento comía chocolate a su lado. Su bata médica estaba manchada de mostaza, salsa criolla y una cosa marrón, pero mantenía en los hombros limpios para disimular en su blancura la caspa que nevaba de su cabeza. -Soy Faustino Posadas, médico legista. Le extendió una mano manchada de chocolate, que el fiscal estrechó. Luego lo llevó por un pasadizo oscuro lleno de dolores. Algunas personas se acercaban gimiendo, pidiendo ayuda, pero el médico las derivaba con un gesto a la primera sala, con la enfermera, por favor, yo sólo veo muertos.

El fiscal Chacaltana puso el punto final con una mueca de duda en los labios. Volvió a leerlo, borró una tilde y agregó una coma con tinta negra. Ahora sí. Era un buen informe. Seguía todos los procedimientos reglamentarios, elegía sus verbos con precisión y no caía en la chúcara adjetivación habitual de los textos legales. Evitaba las palabras con ñ-porque su Olivetti del 75 había perdido la ñ-pero conocía suficientes palabras para no necesitarla. Podía escribir "cónyuge" en lugar de "señor esposo", o "amanecer" en lugar de "mañana". Se repitió satisfecho que, en su corazón de hombre de leyes, había un poeta pugnando por salir.

I interpret your question as applying more to financial stability in the euro area than to the euro itself. I do not think there has been a crisis. The euro is the single currency of 330 million people and enjoys a high degree of confidence among investors and savers because it has delivered price stability remarkably well over the last 11½ years. What we had was a situation in which a number of countries had not respected the Stability and Growth Pact. These countries have now engaged in policies of fiscal retrenchment that were overdue. They have to implement vigorously these policies which are decisive for the preservation and consolidation of financial stability in Europe.

You can have a lot of political “change” in the United States, but will it really change that much? Will it change the amount of money in someone’s bank account? Will it change contracts? Will it void contracts that already exist? And contracts on contracts? And contracts on contracts on contracts? Not really. So I say that free speech in many Western places is free not as a result of liberal circumstances but rather as a result of such intense fiscalization that it doesn’t matter what you say. The dominant elite doesn’t have to be scared of what people think, because a change in political view is not going to change whether they own their company or not; it is not going to change whether they own a piece of land or not. But China is still a political society, although it is rapidly heading toward a fiscalized society. And other societies, like Egypt, are still heavily politicized. Their rulers really do need to be concerned about what people think, so they expend proportionate efforts on controlling freedom of speech. But I think young people actually innately have fairly good values. Of course it’s a spectrum, but they have fairly good values most of the time and they want to demonstrate them to other people, and you can see this when people first go to university. They become hardened as a result of certain things having a payoff and other things not having a payoff.

Pointsman is the only one here maintaining his calm. He appears unruffled and strong. His lab coats have even begun lately to take on a Savile Row serenity, suppressed waist, flaring vents, finer material, rather rakishly notched lapels. In this parched and fallow time, he gushes affluence. After the baying has quieted down at last, he speaks, soothing: “There’s no danger.” “No danger?” screams Aaron Throwster, and the lot of them are off again muttering and growling. “Slothrop’s knocked out Dodson-Truck and the girl in one day!” “The whole thing’s falling apart, Pointsman!” “Since Sir Stephen came back, Fitzmaurice House has dropped out of our scheme, and there’ve been embarrassing inquires down from Duncan Sandys—“ “That’s the P.M.’s son-in-law, Pointsman, not good, not good!” “We’ve already begun to run into a deficit—“ “Funding,” IF you can keep your head, “is available, and will be coming in before long… certainly before we run into any serious trouble. Sir Stephen, far from being ‘knocked out,’ is quite happily at work at Fitzmaurice House, and is At Home there should any of you wish to confirm. Miss Borgesius is still active in the program, and Mr. Duncan Sandys is having all his questions answered. But best of all, we are budgeted well into fiscal ’46 before anything like a deficit begins to rear its head.” “Your Interested Parties again?” sez Rollo Groast. “Ah, I noticed Clive Mossmoon from Imperial Chemicals closeted with you day before yesterday,” Edwin Treacle mentions now. “Clive Mossmoon and I took an organic chemistry course or two together back at Manchester. Is ICI one of our, ah, sponsors, Pointsman?” “No,” smoothly, “Mossmoon, actually, is working out of Malet Street these days. I’m afraid we were up to nothing more sinister than a bit of routine coordination over the Schwarzkommando business.” “The hell you were. I happen to know Clive’s at ICI, managing some sort of polymer research.” They stare at each other. One is lying, or bluffing, or both are, or all of the above. But whatever it is Pointsman has a slight advantage. By facing squarely the extinction of his program, he has gained a great of bit of Wisdom: that if there is a life force operating in Nature, still there is nothing so analogous in a bureaucracy. Nothing so mystical. It all comes down, as it must, to the desires of men. Oh, and women too of course, bless their empty little heads. But survival depends on having strong enough desires—on knowing the System better than the other chap, and how to use it. It’s work, that’s all it is, and there’s no room for any extrahuman anxieties—they only weaken, effeminize the will: a man either indulges them, or fights to win, und so weiter. “I do wish ICI would finance part of this,” Pointsman smiles. “Lame, lame,” mutters the younger Dr. Groast. “What’s it matter?” cries Aaron Throwster. “If the old man gets moody at the wrong time this whole show can prang.” “Brigadier Pudding will not go back on any of his commitments,” Pointsman very steady, calm, “we have made arrangements with him. The details aren’t important.” They never are, in these meetings of his.

Conclusión A lo largo de estas páginas, hemos visto cómo se desarrollan los procesos perversos en algunos contextos, pero es evidente que nuestra lista no es exhaustiva y que estos fenómenos van más allá del mundo de la pareja, de la familia o de la empresa. Los volvemos a encontrar en todos los grupos en donde los individuos pueden establecer rivalidades, especialmente en las escuelas y en las universidades. La imaginación humana no tiene límites cuando pretende aniquilar la buena imagen que el otro tiene de sí mismo; sirve para enmascarar las propias debilidades y para colocarse en una posición de superioridad. La cuestión del poder atañe a toda la sociedad. En todas las épocas ha habido seres carentes de escrúpulos, calculadores y manipuladores, y para los que el fin justifica los medios. Sin embargo, la multiplicación actual de los actos de perversidad en las familias y en las empresas es un indicador del individualismo que domina en nuestra sociedad. En un sistema que funciona según la ley del más fuerte, o del más malicioso, los perversos son los amos. Cuando el éxito es el valor principal, la honradez parece una debilidad y la perversidad adopta un aire de picardía. Con el pretexto de la tolerancia, las sociedades occidentales renuncian poco a poco a sus propias prohibiciones. Pero, al aceptar demasiado, como lo hacen las víctimas de los perversos narcisistas, permiten que se desarrollen en su seno los funcionamientos perversos. Numerosos dirigentes o políticos, que ocupan no obstante una posición de modelo para la juventud, no muestran ninguna preocupación moral a la hora de liquidar a un rival o de mantenerse en el poder. Algunos de ellos abusan de sus prerrogativas y utilizan presiones psicológicas, y razones y secretos de Estado, para proteger su vida privada. Otros se enriquecen gracias a una delincuencia astuta hecha de abusos de bienes sociales, de estafas o de fraudes fiscales. La corrupción se ha convertido en una moneda corriente. Ahora bien, basta con que un grupo, una empresa o un gobierno cuenten con uno o con varios individuos perversos para que todo el sistema se vuelva perverso. Si esta perversión no se denuncia, se extiende subterráneamente mediante la intimidación, el miedo y la manipulación. Efectivamente, para atar psicológicamente a un individuo, basta con inducirlo a la mentira o a ciertos compromisos para convertirlo en cómplice del proceso perverso. Sin ir más lejos, ésta es la base del funcionamiento de la mafia o de los regímenes totalitarios. Tanto en las familias como en las empresas y los Estados, los perversos narcisistas se las arreglan para atribuir a los demás los desastres que provocan, se presentan luego como salvadores y se hacen así con el poder. En lo sucesivo, para mantenerse en él, les basta con no tener escrúpulos. La historia nos ha mostrado hombres que se niegan a reconocer sus propios errores, que no asumen sus responsabilidades, y que falsean las cosas y manipulan la realidad a fin de borrar las huellas de sus fechorías. Más allá del aspecto individual del acoso moral, se nos plantean dilemas más generales. ¿Cómo restablecer el respeto entre los individuos? ¿Qué límites debemos poner a nuestra tolerancia? Si los individuos no pueden detener por sí mismos estos procesos destructivos, la sociedad deberá intervenir y establecer una legislación. Recientemente, se ha presentado un proyecto de ley que proponía instituir un delito de novatada para reprimir cualquier acto degradante y humillante en el ámbito escolar y socioeducativo. Si no queremos que nuestras relaciones humanas acaben completamente reglamentadas por leyes, es esencial prevenir a los niños.

Lynum had plenty of information to share. The FBI's files on Mario Savio, the brilliant philosophy student who was the spokesman for the Free Speech Movement, were especially detailed. Savio had a debilitating stutter when speaking to people in small groups, but when standing before a crowd and condemning his administration's latest injustice he spoke with divine fire. His words had inspired students to stage what was the largest campus protest in American history. Newspapers and magazines depicted him as the archetypal "angry young man," and it was true that he embodied a student movement fueled by anger at injustice, impatience for change, and a burning desire for personal freedom. Hoover ordered his agents to gather intelligence they could use to ruin his reputation or otherwise "neutralize" him, impatiently ordering them to expedite their efforts. Hoover's agents had also compiled a bulging dossier on the man Savio saw as his enemy: Clark Kerr. As campus dissent mounted, Hoover came to blame the university president more than anyone else for not putting an end to it. Kerr had led UC to new academic heights, and he had played a key role in establishing the system that guaranteed all Californians access to higher education, a model adopted nationally and internationally. But in Hoover's eyes, Kerr confused academic freedom with academic license, coddled Communist faculty members, and failed to crack down on "young punks" like Savio. Hoover directed his agents to undermine the esteemed educator in myriad ways. He wanted Kerr removed from his post as university president. As he bluntly put it in a memo to his top aides, Kerr was "no good." Reagan listened intently to Lynum's presentation, but he wanted more--much more. He asked for additional information on Kerr, for reports on liberal members of the Board of Regents who might oppose his policies, and for intelligence reports about any upcoming student protests. Just the week before, he had proposed charging tuition for the first time in the university's history, setting off a new wave of protests up and down the state. He told Lynum he feared subversives and liberals would attempt to misrepresent his efforts to establish fiscal responsibility, and that he hoped the FBI would share information about any upcoming demonstrations against him, whether on campus or at his press conferences. It was Reagan's fear, according to Lynum's subsequent report, "that some of his press conferences could be stacked with 'left wingers' who might make an attempt to embarrass him and the state government." Lynum said he understood his concerns, but following Hoover's instructions he made no promises. Then he and Harter wished the ailing governor a speedy recovery, departed the mansion, slipped into their dark four-door Ford, and drove back to the San Francisco field office, where Lynum sent an urgent report to the director. The bedside meeting was extraordinary, but so was the relationship between Reagan and Hoover. It had begun decades earlier, when the actor became an informer in the FBI's investigation of Hollywood Communists. When Reagan was elected president of the Screen Actors Guild, he secretly continued to help the FBI purge fellow actors from the union's rolls. Reagan's informing proved helpful to the House Un-American Activities Committee as well, since the bureau covertly passed along information that could help HUAC hold the hearings that wracked Hollywood and led to the blacklisting and ruin of many people in the film industry. Reagan took great satisfaction from his work with the FBI, which gave him a sense of security and mission during a period when his marriage to Jane Wyman was failing, his acting career faltering, and his faith in the Democratic Party of his father crumbling. In the following years, Reagan and FBI officials courted each other through a series of confidential contacts. (7-8)

The world is in the midst of a war, but it is not the kind of war you may be imagining. It is a currency war in which nations compete to lower the value of their currency in order to help their industries gain greater profits from exports. The currency disputes have arisen from a conflict of interest between the United States and China. The U.S. has been struggling against a massive fiscal deficit and foreign debt in recent years, especially since the global financial crisis. With so much at stake, the era of U.S. dollar hegemony seems to be ending. China has been raking in profits from its biggest export market, the U.S., by keeping its yuan, also known as the renminbi, undervalued. China has also been purchasing U.S. treasury bonds to add to its foreign reserves, worth more than $2 trillion. In September, the U.S. House of Representatives passed the Currency Reform for Fair Trade Act with a vote of 348 to 79. Under the bill, the U.S. is allowed to slap tariffs on goods from China and other countries with currencies that are perceived to be undervalued. Basically, the U.S. is pushing China to allow the yuan to appreciate. “For so many years, we have watched the China-U.S. trade deficit grow and grow and grow,” House Speaker Nancy Pelosi said on the day of the vote, which was on Sept. 29 local time. “Today, we are finally doing something about it by recognizing that China’s manipulation of the currency represents a subsidy for Chinese exports coming to the United States and elsewhere.” But China does not want the value of its currency to increase because a stronger yuan will hurt Chinese exporters who will see a decline in exports to the U.S. once the currency’s value rises.

The notion that property is the means to all other means was ruled out by the new radicals. The deep seated ressentiment towards private property, indeed towards anything private, blocked the conclusion that follows from any impartial examination of wealth-producing and freedom-favouring mechanisms: an effective world improvement would call for the most general possible propertization. Instead, the political metanoeticians enthused over general dispossession, akin to the founders of Christian orders who wanted to own everything communally and nothing individually. The most important insight into the dynamics of economic modernization remained inaccessible to them: money created by lending on property is the universal means of world improvement. They are all the blinder to the fact that for the meantime, only the modern tax state, the anonymous hyper-billionaire, can act as a general world-improver, naturally in alliance with the local meliorists - not only because of its traditional school power, but most of all thanks to its redistributive power, which took on unbelievable proportions in the course of the twentieth century. The current tax state, for its part, can only survive as long as it is based on a property economy whose actors put up no resistance when half of their total product is taken away, year after year, by the very visible hand of the national treasury for the sake of communal tasks. What the un-calm understands least of all is the simple fact that when government expenditures constitute almost 50 per cent of the gross national product, this fulfills the requirements of actually existing liberal-fiscal semi-socialism, regardless of what label is used to describe this situation - whether people call it the New Deal, 'social market economy' or 'neoliberalism'. What the system lacks for total perfection is a homogeneous worldwide tax sphere and the long-overdue propertization of the impoverished world.

KEYNESIAN ECONOMICS AND STIMULUS Keynesian economics is based on the notion that unemployment arises when total or aggregate demand in an economy falls short of the economy’s ability to supply goods and services. When products go unsold, jobs are lost. Aggregate demand, in turn, comes from two sources: the private sector (which is the majority) and the government. At times, aggregate demand is too buoyant—goods fly off the shelves and labor is in great demand—and we get rising inflation. At other times, aggregate demand is inadequate—goods are hard to sell and jobs are hard to find. In those cases, Keynes argued in the 1930s, governments can boost employment by cutting interest rates (what we now call looser monetary policy), raising their own spending, or cutting people’s taxes (what we now call looser fiscal policy). By the same logic, when there is too much demand, governments can fight actual or incipient inflation by raising interest rates (tightening monetary policy), increasing taxes, or reducing its own spending (thus tightening fiscal policy). That’s part of standard Keynesian economics, too, although Keynes, writing during the Great Depression, did not emphasize it. Setting aside the underlying theory, the central Keynesian policy idea is that the government can—and, Keynes argued, should—act as a kind of balance wheel, stimulating aggregate demand when it’s too weak and restraining aggregate demand when it’s too strong. For decades, American economists took for granted that most of that job should and would be done by monetary policy. Fiscal policy, they thought, was too slow, too cumbersome, and too political. And in the months after the Lehman Brothers failure, the Federal Reserve did, indeed, pull out all the stops—while fiscal policy did nothing. But what happens when, as was more or less the case by December 2008, the central bank has done almost everything it can, and yet the economy is still sinking? That’s why eyes started turning toward Congress and the president—that is, toward fiscal stimulus—after the 2008 election.