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Money Quotes

“A fool and his money are soon elected.”

“The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.”

“The Congressional Budget Office is a reactionary socialist institution which does not believe in economic growth, does not believe in innovation, and does not believe in data that it has not internally generated.”

“When it comes to the budget, we know that we shouldn't be cutting more on core investments, like education, that are going to help us grow in the future. And we've already seen the deficit cut in half. It's going down faster than any time in the last 60 years. So why would we make more cuts in education, more cuts in basic research? Nobody thinks that's a good idea.”

“We all accuse Vladimir Putin of Cold War nostalgia, but Washington's elites - politicians and intellectuals - miss the old days as well. They wish for the world in which the United States was utterly dominant over its friends, its foes were to be shunned entirely, and the challenges were stark, moral, and vital. Today's world is messy and complicated. China is one of our biggest trading partners and our looming geopolitical rival. Russia is a surly spoiler, but it has a globalized middle class and has created ties in Europe.”

“My mother saved our home with a minimum wage job. But in the 1960s, a minimum wage job would support a family of three above the poverty line. Not today. Not even close. I understood right then that people can work hard, they can play by the rules, and they can still take a hard smack.”

“It is a law of nature that everything run by the government will get more expensive and worse over time. Everything run by the private sector will get better and cheaper over time. The fact that [Obamacare] starts this badly does not bode well....We want healthcare run on the same system that gave us cell phones, flat screens, Jerry Garcia chia pets. Everything you submit to the free market...keeps getting better and better.”

“Tactics and strategies ought to be based on what the real world is, and we do not have the political power to do this. We're not about to shut the government down over the fact that we cannot, only controlling one house of Congress, tell the president that we're not going to fund any portion of [Obamacare]. Because we can't do that.”

“Politics is noble; it is one of the highest forms of charity, as Paul VI used to say. We sully it when we mix it with business. The relationship between the Church and political power can also be corrupted if common good is not the only converging point.”

“[Wendy] Davis [pursued] higher education, as her campaign website says, with 'the help of academic scholarships, student loans, and state and federal grants.' Now that she is in a high-profile and hotly partisan race, it has come out that she also benefited from the moral and financial support of her second - now ex - husband. In the process, though, behavior we would expect and hardly notice in a man is being portrayed as freakish and problematic in a woman.”

“Standardized tests are an indicator of the kind of service taxpayers are receiving - and whether schools, educators and policymakers are doing their jobs. In the United States, taxpayers spend almost $600 billion annually on public education, so it's not unreasonable to ask what all that money is producing. In fact, it's irresponsible not to know.”

“Look, we'll have to confront the pathologies of poverty at some point. We can deal with them cheaply at the front end, in infancy. Or we can wait and jail a troubled adolescent at the tail end. To some extent, we face a choice between investing in preschools or in prisons.”

“A lot of Democrats have said that raising the minimum wage is both good economics and good politics. The nonpartisan CBO issued a report today saying that raising the minimum wage to $10.10 an hour would cost the economy about 500,000 jobs...Why should we trust Democrats on anything when they couldn't have foreseen that this would be the case?”

“If we wanted a program to help the majority of the population, we'd offer loan guarantees to help poor people get access to reliable cars so that they could have a better shot at getting - and keeping - a well-paying job...A small amount of capital could make a much bigger difference in their lives than extra student loan relief for middle-class college kids would.”

“The circulation of confidence is better than the circulation of money.”

“Giving money and power to government is like giving whiskey and car keys to teenage boys.”

“I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country... corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed.”

“Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”

“The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.”

“There does exist and has existed for a generation, an international Anglophile network which operates, to some extent, in the way the radical Right believes the Communists act. In fact, this network, which we may identify as the Round Table groups, has no aversion to cooperating with the Communists, or any other groups, and frequently does so. I know of the operations of this network because I have studied it for 20 years and was permitted for two years, in the early 1960s, to examine its papers and secret record.”