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Majors Quotes

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Majors Quotes

“The economy has settled into a sustainable, self-reinforcing growth path, .. All major categories of the economy have contributed to economic growth. Now that businesses have begun to add to payrolls, the current expansion is self-reinforcing. Only external shocks, such as terrorist attacks or a surge in oil prices, could derail the recovery.”

“To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names — Keynesian inflationism, interventionism, and corporatism.”

“We had very good discussions on current security challenges and NATO's continued adaptation to meet them. Canada is a committed ally and a capable contributor to international security. We appreciate your quick decision to deploy forces, planes and ships to strengthen our collective defence in view of Russia's aggressive actions in Ukraine, as well as your contribution to the international anti-ISIL coalition. Canada plays a major part in our decision-making and helps keep the vital bond between Europe and North America strong.”

“But before any of the small appliances who may be listening to this tale should begin to think that they might do the same thing, let them be warned: ELECTRICITY IS VERY DANGEROUS. Never play with old batteries! Never put your plug in a strange socket! And if you are in any doubt about the voltage of the current where you are living, ask a major appliance.”

“If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.”

“I think these younger Christians are the vanguard of some major new religious, social, and political arrangements that could make the older form of culture wars obsolete. After they wrestle with doubts and objections to Christianity many come out on the other side with an orthodox faith that doesn't fit the current categories of liberal Democrat or conservative Republican.”