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Firsts Quotes

“Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.”

“If you'd like to meet some fully realized characters while learning some specifics of Zimbabwe's postcolonial struggles, as I did, you're likely to come away with a vague feeling of dissatisfaction. If you're willing to settle for first-rate writing and provocative meditations on memory, corruption and loss, they are all here in abundance.”

“First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.”

“Indeed, as we begin the twenty-first century, the money and traditional economies are slowly destroying their own support system. Increasing demands of the two economies are surpassing the sustainable yields of the ecosystems that underpin them. For example, one-third of the world's cropland is losing topsoil at a rate that is undermining its long-term productivity, fully half of the world's rangeland is overgrazed and deteriorating into desert, and the world's forests have shrunk by about half since the dawn of agriculture and are continuing to shrink.”

“Always be a first-rate version of yourself, instead of a second-rate version of somebody else.”

“It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.”