Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
When Berkshire Hathaway laid out three billion dollars for GE today, we didn't spend it, we invested it. When the Federal government buys the mortgages, they're not spending it, they're investing it. Now, they're investing it in distress type assets but they're buying them at distress prices if they buy them at market. It's the kind of stuff I love to do. I just don't have 700 million. Maybe we could go in it together.
For splendor, there must somewhere be rigid economy. That the head of the house may go brave, the members must be plainly clad, and the town must save that the State may spend.
Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.
I do not consider Hitler to be as bad as he is depicted. He is showing an ability which is amazing and he seems to be gaining his victories without much bloodshed.
Only a government that is rich and safe can afford to be a democracy, for democracy is the most expensive and nefarious kind of government ever heard of on earth
The Internet didn't get invented on its own. Government research created the Internet so that all the companies could make money off the Internet. The point is, is that when we succeed, we succeed because of our individual initiative, but also because we do things together.
A writer is like a gypsy. He owes no allegiance to any government. If he is a good writer he will never like any government he lives under. His hand should be against it and its hand will always be against him.
The requisites of government are that there be sufficiency of food, sufficiency of military equipment, and the confidence of the people in their ruler.
I fear you do not fully comprehend the danger of abridging the liberties of the people. Nothing but the sternest necessity can ever justify it. A government had better go to the extreme of toleration, than to do aught that could be construed into an interference with, or to jeopardize in any degree, the common rights of its citizens.
We should not underestimate the enormity of the task which lies ahead. But little can be achieved without sound money. It is the bedrock of sound government.
Today the Iraqi and Afghan people are on the path to democracy and freedom. The governments that are rising will pose no threat to others. Instead of harboring terrorists, they're fighting terrorist groups. And this progress is good for the long-term security of all of us.