Quote
Recession is when a neighbor loses his job. Depression is when you lose yours.
Attributed to:
Ronald Reagan
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If you would know the value of money, go and try to borrow some. Trust is central to an economy that works. War against a foreign country only happens when the moneyed classes think they are going to profit from it. Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. Why is it inflationary if the people keep their own money, and spend it the way they want to, [but] not inflationary if the government takes it and spends it the way it wants to?. The price of anything is the amount of life you exchange for it. Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it. Government always finds a need for whatever money it gets. Money often costs too much.