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Quote by Frank Sinatra

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Frank Sinatra
Frank Sinatra

Frank Sinatra, born on December 12, 1915, and died on May 14, 1998, was a legendary American singer and actor. His musical career spanned over half a century and won the hearts of fans around the world with his unique voice and singing style. Sinatra was a significant figure in the American pop music scene in the mid-20th century and was hailed as 'the voice of America'. more

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“Well, jobs are a great thing. You have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

“True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.”