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Quote by Rob Hawthorne

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Rob Hawthorne
Rob Hawthorne

Rob Hawthorne is an individual whose profession and category are unknown. Details about his life are limited at this time. more

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“The market, if it can be kept honest and competitive, does provide very strong incentives for work effort and productive contributions. In their absence, society would thrash about for alternative incentives-some unreliable, like altruism; some perilous like collective loyalty; some intolerable, like coercion or oppression.”

IfsDoeWisdomPoliticsStrongEffortEconomyHonestAbsenceLoyaltyOppressionAlternativesContributionLiberalismProductiveCollectivesVery StrongAltruismIncentivesCoercionUnreliableWork Effort
Author:Arthur Melvin Okun
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“Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.”

PeopleIfsWisdomHandsActionPoliticsInterestEconomyToo MuchIndependenceFaultsLiberalismAffectedReservesAdmirableFederal ReservePublic InterestPower And ControlToo Much Power
Author:Wright Patman
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“The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives of the people as a whole and not any single interest group. The Open Market Committee should be abolished, and its powers transferred to the Federal Reserve Board - the present public members of the committee, with reasonably short terms of office.”

PeopleShouldWholeWisdomPoliticsTermInterestEconomyGroupsMembersOfficeServantBoardsLiberalismRepresentativesReservesCommitteesShort TermFederal ReservePublic InterestPublic ServantsInterest Groups
Author:Wright Patman
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