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Cost Quotes

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Cost Quotes

“Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.”

WorldYearsIdeasLastsLawCostLimitsHighestCongressCardsNo IdeaReasonableLast YearReservesTransactionsFeesProcessingFederal ReserveAmerican BusinessDebitDebit Cards
Author:Peter Welch
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“Repealing drug laws would remove the risks involved with producing and distributing drugs, bringing 'street prices' crashing down (it's estimated that a 'spoon' of heroin would cost about a quarter in the free market), thereby eradicating any incentive that criminals might have to compete with legitimate businesses, and greatly reducing if not eliminating altogether any economic reason to 'push' drugs on children.”

IfsChildrenReasonMightLawRiskEconomicStreetsInvolvedCostDrugCriminalsRemoveQuartersFree MarketIncentivesReducingHeroinSpoonsEliminatingDrug LawsRepealingCrashing Down
Author:L. Neil Smith
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“The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist. We do not create or destroy (produce or consume) anything in a physical sense- we merely transform or rearrange. And the inevitable cost of arranging greater order in one part of the system (the human economy) is creating a more than offsetting amount of disorder elsewhere (the natural environment).”

MenHumansWellsLawOrderNaturalTechnologyEconomyEnvironmentGreaterEconomicProduceAmountCostCreatingInevitableCommunistDisorderCapitalistElsewhereSocialistFascistsNatural EnvironmentEconomic SystemsArrangingThermodynamics
Author:Herman E. Daly
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“We cannot deny that our decision today will have an impact on the ability of law enforcement to combat crime. Cell phones have become important tools in facilitating coordination and communication among members of criminal enterprises, and can provide valuable incriminating information about dangerous criminals. Privacy comes at a cost.”

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Author:John Roberts
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“The question of whether a device will come into being depends upon three things: first, whether there is a practical use for it that warrants its development and manufacturing costs; second, whether the laws of physics applying to the elements available for its design allow the attainment of the needed ranges, sensitivities, or the like; and third, whether the pertinent art of manufacture has advanced sufficiently to allow a useful embodiment to be built successfully.”

FirstsArtUseLawThreeDesignDependsDevelopmentNeededCostElementsBuiltThirdsAvailablePhysicsPracticalsRangeDevicesSensitivityThree ThingsAttainmentManufacturingEmbodimentWarrantsLaws Of PhysicsPertinent
Book:MODERN ARMS AND FREE MEN: A DISCUSSION OF THE ROLE OF SCIENCE IN PRESERVING DEMOCRACY
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“The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.”

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Book:Dismantling America and Other Controversial Essays (Large Print 16pt)
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“The government can always rescue the markets or interfere with contract law whenever it deems convenient with little or no apparent cost. (Investors believe this now and, worse still, the government believes it as well. We are probably doomed to a lasting legacy of government tampering with financial markets and the economy, which is likely to create the mother of all moral hazards. The government is blissfully unaware of the wisdom of Friedrich Hayek: "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.")”

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Author:Seth Klarman
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“You can't make people happy by law. If you said to a bunch of average people two hundred years ago "Would you be happy in a world where medical care is widely available, houses are clean, the world's music and sights and foods can be brought into your home at small cost, traveling even 100 miles is easy, childbirth is generally not fatal to mother or child, you don't have to die of dental abscesses and you don't have to do what the squire tells you" they'd think you were talking about the New Jerusalem and say "yes."”

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Author:Terry Pratchett
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“My mom was a manic depressive schizophrenic who, after a year in prison, went home and shot herself. My sister, Kirsten, an amazing poet, who was raised by this woman, and was dating a guy who broke up with her for the fourth time in three weeks. And one day, she came to his house, got a gun, and blew her brains out all over his headboard. I just went through a divorce, five years in court and cost me $2 million dollars. If anyone, by law, should be forced to take antidepressants it's me... But instead, I choose to be an antidepressant. And you can take me with alcohol.”

IfsShouldYearsHomeLawGuyThreeHouseBrainMillionsFiveWeekPoetMomOne DayCostGunShotsDatingCourtDollarsPrisonRaisedMy MomDivorceAlcoholBrokeFive YearsTake MeMy SisterFourthMillion DollarsManicBroke UpSchizophrenicDepressiveAntidepressants
Author:Christopher Titus
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“The way Moore's Law occurs in computing is really unprecedented in other walks of life. If the Boeing 747 obeyed Moore's Law, it would travel a million miles an hour, it would be shrunken down in size, and a trip to New York would cost about five dollars. Those enormous changes just aren't part of our everyday experience.”

IfsWayWould BeLawHoursWalksMillionsFiveNew YorkCostDollarsEverydaySizeMilesEnormousUnprecedentedComputingWalks Of LifeBoeingMoore's LawBoeing 747
Author:Nathan Myhrvold
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“Since I was a law student, I have been against the death penalty. It does not deter. It is severely discriminatory against minorities, especially since they're given no competent legal counsel defense in many cases. It's a system that has to be perfect. You cannot execute one innocent person. No system is perfect. And to top it off, for those of you who are interested in the economics it, it costs more to pursue a capital case toward execution than it does to have full life imprisonment without parole.”

PersonsDoeHas BeensLawGivenPerfectCasesStudentsCostEconomicsDefenseInnocentPursueMinoritiesExecutionPenaltiesDeath PenaltyCompetentImprisonmentFull LifeParoleAgainst Death PenaltyLaw StudentsInnocent Person
Author:Ralph Nader
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