Mixed Economy Quotes

Sure, some news is bigger news than other news. War is bigger news than a girl having mixed feelings about the way some guy fucked her and didn't call. But I don't believe in a finite economy of empathy; I happen to think that paying attention yields as much as it taxes.

As a business owner you should never mix business income with personal income and never mix business expenses with personal expenses. Your business is a separate entity with a life of its own. Your job is to lead and manage that separate entity, not to entangle with it. Entangling with your business will result in chaos. But keeping business and personal separate will facilitate efficiency and reduce stress.

Although capitalism is the economic system of modern Western civilization, the policies of all Western nations are guided by utterly anti-capitalistic ideas. The aim of these interventionist policies is not to preserve capitalism, but to substitute a mixed economy for it. It is assumed that this mixed economy is neither capitalism nor socialism. It is described as a third system, as far from capitalism as it is from socialism. It is alleged that it stands midway between socialism and capitalism, retaining the advantages of both and avoiding the disadvantages inherent in each.

If a determined, disciplined gang of statists were to make an assault on the crumbling remnants of a mixed economy, boldly and explicitly proclaiming the collectivist tenets which the country had accepted by tacit default—what resistance would they encounter? The dispirited, demoralized, embittered majority would remain lethargically indifferent to any public event. And many would support the gang, at first, moved by a desperate, incoherent frustration, by a need to protest, not knowing fully against what, by a blind desire to strike out somehow at the suffocating hopelessness of the status quo.

Roetown, of mixed economy, neither boom nor bust, just ordinary times — that is, hard — had a slightly run-down aspect, I suppose. But in a pleasing way, like a man you love who has buttoned his coat up wrong.

Probably the first book that Hamilton absorbed was Malachy Postlethwayt’s Universal Dictionary of Trade and Commerce, a learned almanac of politics, economics, and geography that was crammed with articles about taxes, public debt, money, and banking. The dictionary took the form of two ponderous, folio-sized volumes, and it is touching to think of young Hamilton lugging them through the chaos of war. Hamilton would praise Postlethwayt as one of “the ablest masters of political arithmetic.” A proponent of manufacturing, Postlethwayt gave the aide-de-camp a glimpse of a mixed economy in which government would both steer business activity and free individual energies. In the pay book one can see the future treasury wizard mastering the rudiments of finance. “When you can get more of foreign coin, [the] coin for your native exchange is said to be high and the reverse low,” Hamilton noted. He also stocked his mind with basic information about the world: “The continent of Europe is 2600 miles long and 2800 miles broad”; “Prague is the principal city of Bohemia, the principal part of the commerce of which is carried on by the Jews.” He recorded tables from Postlethwayt showing infant-mortality rates, population growth, foreign-exchange rates, trade balances, and the total economic output of assorted nations.

It’s been my experience that ninety-five percent of the people who walk the earth are simply inert, Johnny. One percent are saints, and one percent are assholes. The other three percent are the people who do what they say they can do. I’m in that three percent, and so are you. You earned that money. I’ve got people in the mills that take home eleven thousand dollars a year for doing little more than playing with their dicks. But I’m not bitching. I’m a man of the world, and all that means is I understand what powers the world. The fuel mix is one part high-octane to nine parts pure bullshit. You’re no bullshitter. So you put that money in your wallet and next time try to value yourself a little higher.

One of the obvious danger signs that we may be on our way to bring into existence the ideal of the animal laborans is the extent to which our whole economy has become a waste economy, in which things must be almost as quickly devoured and discarded as they have appeared in the world, if the process itself is not to come to a sudden catastrophic end. But if the ideal were already in existence and we were truly nothing but members of a consumers’ society, we would no longer live in a world at all but simply be driven by a process in whose ever-recurring cycles things appear and disappear, manifest themselves and vanish, never to last long enough to surround the life process in their midst. The world, the man-made home erected on earth and made of the material which earthly nature delivers into human hands, consists not of things that are consumed but of things that are used. If nature and the earth generally constitute the condition of human life, then the world and the things of the world constitute the condition under which this specifically human life can be at home on earth. Nature seen through the eyes of the animal laborans is the great provider of all “good things,” which belong equally to all her children, who “take [them] out of [her] hands” and “mix with” them in labor and consumption.86 The same nature seen through the eyes of homo faber, the builder of the world, “furnishes only the almost worthless materials as in themselves,” whose whole value lies in the work performed upon them.87 Without taking things out of nature’s hands and consuming them, and without defending himself against the natural processes of growth and decay, the animal laborans could never survive. But without being at home in the midst of things whose durability makes them fit for use and for erecting a world whose very permanence stands in direct contrast to life, this life would never be human.

Alberta has taken these liabilities into account and, in order for the bitumen industry to be even remotely profitable, four conditions must be met: conventional oil must be trading above $50 a barrel; the natural resources needed to produce it (fresh water, natural gas, and the boreal forest ecosystem) must be had for next to nothing; the industry itself must be heavily subsidized; and exploration costs must be nil.[*2] There is a fifth condition, exploited not just by the bitumen industry but by the entire burning world: no consequences for emissions. This is what Alberta has built and bet its economy on, with mixed results.

It was a quiet revolution. Most downshifters dressed quite a bit like everyone else and lived in ordinary neighborhoods rather than communes or cabins in the woods. Seattle emerged as the nexus of voluntary simplicity as the growing tech industry-Microsoft's headquarters were there-made the city synonymous with the overworked, conspicuously consuming yuppie, while many other residents were still mixed in a lingering recession. The result was perhaps the most deliberate experiment in stopping shopping in modern times: a whole city in which the rejection of consumerism entered the mainstream. For nearly a decade, few aspects of daily life in Seattle were left unchanged by its shadow culture....For a few rare years, the consumer lifestyle was uncooled. 'We were sure in the '90s that we were the up-and-coming lifestyle choice,' Vicki Robin, coauthor of the downshifting classic 'Your Money or Your Life' told me....Then the global economy came roaring back to life, Seattle became better known for billionaires than plain living, and downshifting faded.