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Cost Quotes

“It's risky to allow radiation to constantly go up into the atmosphere. The main criticism of this approach of entombing it is that it would cost too much, involve too many resources and people. But think of the cost of having all the crops impounded by the government, all the milk being thrown into the river, people's livelihoods destroyed.”

“There would be a cost for dumping carbon into our atmosphere and a cap on total emissions. The government must make a clear and firm decision - terminating the idea in our society it is free to pump infinite amounts of carbon into the air. Once that happens, private capital will flow even more aggressively into developing and deploying the alternative, less-polluting technologies.”

“[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.”

“It's clear that there has to be some play between the vitality of invention in economic life and some regulation of it, and in some ways the great ideological wars of the 20th century that cost so many lives had to do with whether to have managed economies directed by government or economies directed by the free movement of capital, which is only partially subject to government regulation.”

“We don't have a great clash of civilizations, a clash of ideologies, a clash of alternative models, where governments thought to themselves, if we go too far, if we sort of trample unreasonably on rights, we'll give birth to a political movement which will cost us our credibility, and will possibly cost us our offices, because people will vote for the other team, the other guys.”

“I am not sure that I know enough about the pre-history of 9/11 to agree or disagree. But I did think at the time that the [George W.] Bush administration took a number of cues from the Israeli government, not only by drawing on and intensifying anti-Arab racism, but by insisting that the attack on US government and financial buildings was an attack on "democracy" and by invoking "security at all costs" to wage war without a clear focus (why the Taliban?), and by suspending both constitutional rights and the regular protocol for congressional approval for declaring war.”

“The primary source of waste in government is that legislators are often under heavy pressure to vote for projects that will benefit their campaign contributors, even when those projects fail a simple cost-benefit test. But with the Supreme Court showing little interest in permitting tighter rules on campaign contributions in recent years, there is little reason to be optimistic that we'll start curbing this kind of waste any time soon.”

“There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.”

“Had the United States and the United Kingdom gone on alone to capture Baghdad, under the provisions of the Geneva and Hague conventions we would have been considered occupying powers and therefore would have been responsible for all the costs of maintaining or restoring government, education and other services for the people of Iraq.”

“If men will permit themselves to think, as rational beings ought to think, nothing can appear more ridiculous and absurd, exclusive of all moral reflections, than to be at the expence of building navies, filling them with men, and then hauling them into the ocean, to try which can sink each other fastester. Peace, which costs nothing, is attended with infintely more advantage than any victory with all its expence. But this, though it best answers the purpose of Nations, does not that of Court Governments, whose habited policy is pretence for taxation, places, and offices.”