Quotes

"Fascism and communism both promise "social welfare," "social justice," and "fairness" to justify authoritarian means and extensive arbitrary and discretionary governmental powers." - F. A. Hayek"

"Life is a Bungling process and in no way educational." in James M. Cain

Jean Giraudoux who first said, “Only the mediocre are always at their best.”

If you have ten thousand regulations, you destroy all respect for the law. Sir Winston Churchill

"summum ius summa iniuria" ("More laws, more injustice.") Cicero

As Christopher Hitchens once put it, “The essence of tyranny is not iron law; it is capricious law.”

"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." Ronald Reagan

"Law is where you buy it." Raymond Chandler

"Why did God make so many damn fools and Democrats?" Clarence Day

"If I feel like feeding squirrels to the nuts, this is the place for it." - Cluny Brown

"Oh, pshaw! When yu' can't have what you choose, yu' just choose what you have." Owen Wister "The Virginian"

Oscar Wilde said about the death scene in Little Nell, you would have to have a heart of stone not to laugh.

Thomas More's definition of government as "a conspiracy of rich men procuring their own commodities under the name and title of a commonwealth.” ~ Winston S. Churchill, A History of the English Speaking Peoples

“Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.” ~ Jonathon Swift

Friday, August 26, 2016

How to Make the Economy Worse

Low rates and high anxiety at Jackson Hole

August 25, 2016  Sam Fleming in Jackson Hole

The Fed’s annual gathering wrestles with tough questions about the future of central bank policy 

The opening event for many of the central bankers gathering for their annual symposium in Wyoming this year is not an academic address on monetary policy but a meeting with a coalition of left-leaning activists. Eight top US policymakers, including Bill Dudley of the New York Fed and Lael Brainard, a Fed governor, are due on Thursday to sit with representatives of the Fed Up group, among them workers on low wages from around the country.
They are likely to hear warnings against higher official interest rates and complaints that the central bank’s leadership is insufficiently diverse.

-go to link-

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