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Institutions Quotes

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Institutions Quotes

“Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.”

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Author:Thomas Sowell
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“Governments do not make ideals, but ideals make governments. This is both historically and logically true. Of course the government can help to sustain ideals and can create institutions through which they can be the better observed, but their source by their very nature is in the people. The people have to bear their own responsibilities. There is no method by which that burden can be shifted to the government. It is not the enactment, but the observance of laws, that creates the character of a nation.”

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Author:Calvin Coolidge
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“To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.”

PeopleWorldFormAsksNumbersPaperCapacityGoldBiggerInstitutionsDefinitionsGladManageDividedFormulasDividesBullsUncomplicatedPaper MoneyBull MarketsGold Price
Author:James Grant
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“Local assemblies of the people constitute the strength of free nations. Municipal institutions are to liberty what primary schools are to science: they bring it within the people's reach, and teach them how to use and enjoy it. A nation may establish a system of free government, but without the spirit of municipal institutions it cannot have the spirit of liberty.”

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Book:The Republic of the United States of America: And Its Political Institutions, Reviewed and Examined
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“If human nature does alter it will be because individuals manage to look at themselves in a new way. Here and there people - a very few people, but a few novelists are among them - are trying to do this. Every institution and vested interest in against such a search: organized religion, the state, the family in its economic aspect, have nothing to gain, and it is only when outward prohibitions weaken that it can proceed: history conditions it to that extent.”

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Author:E. M. Forster
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“There is something fundamentally antidemocratic about relinquishing control of the public education policy agenda to private foundations run by society's wealthiest people; when the wealthiest of these foundations are joined in common purpose, they represent an unusually powerful force that is beyond the reach of democratic institutions.”

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Book:The Death and Life of the Great American School System: How Testing and Choice Are Undermining Education
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“In England, we have a curious institution called the Church of England. Its strength has always been in the fact that on any moral or political issue it can produce such a wide divergence of opinion that nobody -- from the Pope to Mao Tse-tung -- can say with any confidence that he is not an Anglican. Its weaknesses are that nobody pays much attention to it and very few people attend its functions.”

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Author:Auberon Waugh
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“Marriage is a very strange thing. It's a very public institution, it's meant to tell the world that two people are going to live together, to declare that their children will be legal, that these children can inherit their property. It's meant for social living, to ensure that some rules are observed, so that men and women don't cross the lines drawn from them. At the same time, marriage is an intensely private affair, no outsider will know the state of some one else's marriage. It's a closed room, a locked room...”

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Author:Shashi Deshpande
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