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“So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.”

“We can at least see that the question is asked, and asked on the basis of a clear recognition that there is no way of manipulating our environment that is without cost or consequence - and thus also of a recognition that we are inextricably bound up with the destiny of our world. There is no guarantee that the world we live in will "tolerate" us indefinitely if we prove ourselves unable to live within its constraints.”

“If you look at a farmer and his daily expenditure on existing energy services, it is much higher on an incremental delta basis. And then there is an emotional cost of not providing their kids with the right to educate. If you calculate these costs in economic terms and create a financing mechanism for them to buy it, the emotional delta cost is much higher compared to their household.”