Zitat des Tages von Amity Shlaes:
It takes only a few seconds to make history new again.
The New Deal exists principally on an emotional plane for Obama. To him, the New Deal is something you play like a song, to make you or your constituents feel better.
The donning of the ear buds marks the beginning of teen life, when children set off on their own for the passage through adolescence.
People value Halloween, like Valentine's Day, because they can tell themselves that it's not merely secularized but actually secular, which is to say, not Christian, Jewish, Hindu or Muslim.
To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.
Seems like Americans just want it to be Halloween all year. The holiday just keeps getting more popular.
Grades can matter, especially for those students and parents who live for the next round of applications to graduate or professional schools. But there's a problem with the grade emphasis. Math or science graduates earn more than students majoring in the humanities.
Although unions may be good for a worker, singular, they are not always good for workers, plural. Especially when it comes to finding a job.
I think some authors suffer from a need to try to prove that they're clever and educated. I try not to suffer from that. I would rather sacrifice my own narrative in the exercise of writing a biography. So I'm not worried about whether I'm clever.
When you do something moral and upright and wander off by yourself, well, everyone doesn't always follow you, do they, right? You pat yourself on your sanctimonious back but it doesn't mean the crowd rewards you for doing what you think is right.
A while ago I did a story comparing the change in employment rates in recessions in the U.S. and in Europe, and what I found was that America fired a lot of people and rehired a lot of people faster than Europe. That difference is disappearing, and that is a problem.
Interest groups are not the same as individuals. Through false nostalgia for the New Deal, you are taking the younger generation hostage. They are the ones who are going to have to pay far greater taxes. They are the future's forgotten men.
By playing on people's desire to belong to groups, Facebook creates a new, inclusive society. After all, Facebook is not like Harvard College. Anyone with access to the Internet can sign up.
Disillusionment can come as fast as a gust, but building faith that the government won't inflate again is like building a new sailboat, a project of years.
Prices don't merely reflect what people think things ought to cost today; they also reflect what people expect items to cost tomorrow.
Democrats who see virtue in the estate tax are doing the equivalent of aborting future enterprises. They deprive businesses of oxygen with their support for capital gains taxes and disregard for contracts.
Coolidge believed that government officials who tell themselves that spending benefits the economy delude themselves and the citizens. Government budgets promote human freedom.
Entitlements seem to grow with prosperity; not only because they are indexed to inflation or GDP, but also because a prosperous country tells itself it can afford more benefits.
When you see government leaders really bullying business, you know that government's economic policy is failing. They get angry and they get desperate.
Policy people suffer their own kind of agony, and no wonder. After all, what is the average life of the policy person? You go into government if you are lucky, do your best, aren't appreciated, take all the blame for policies for which you are only partly responsible, leave, realize your reputation has been damaged, maybe permanently.
The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government.
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.
In the end, all new schools, public or private, snobby or not, add value to the education market, making it bigger and more efficient, in the same way that Zuckerberg added wealth to the economy even for non-Facebook fans.
In my view, if you have one in 10 unemployed - something is wrong with the economy whether you call it recession or not.
Anti-parent music seems to be all the pop-rock market wants.
McCain likes strong defense, and he's viscerally suspicious of big companies. So he's more a Square Deal guy than a New Deal guy.