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Running Quotes

“The beauty that men seek is half a dream-- Where'er we wander, yet it lies afar; It touches with its wand a setting star, It stirs the ripple of an ebbing stream. And though we run beyond the dawning gleam, Or kneel to worship at an altar bright, We may not know the soul of its delight, Or more than marvel at its palest beam.”

“With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.”

“There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.”

“When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed.”

“In the long run, though, the greatest IT risk facing most companies is more prosaic than a catastrophe. It is, simply, overspending. IT may be a commodity, and its costs may fall rapidly enough to ensure that any new capabilities are quickly shared, but the very fact that it is entwined with so many business functions means that it will continue to consume a large portion of corporate spending.”

“To the scientists of the Renaissance, your critic was really your ally, helping you advance upon reality. Critics in science are not like drama critics, determining flops and successes. Criticism to scientists is just another means of finding out whether they're wrong, like running another experiment to see if it confirms or refutes a theory. Along with the advocacy principle of the courtroom, It is one of the best ways human beings have evolved to get closer to the truth.”

“Science has an uncomfortable way of pushing human beings from center stage. In our prescientific stories, humans began as the focal point of Nature, living on an Earth that was the center of the universe. As the origins of the Earth and of mankind were investigated more carefully, it became clear that Nature had other interests beyond people, and the Earth was less central than previously hoped. Humankind was just one branch of the great family of life, and the Earth is a smallish planet orbiting an unexceptional sun quite far out on one arm of a run-of-the-mill spiral galaxy.”

“The sign work of the Orient it runneth up and down; The Talmud stalks from right to left, a rabbi in a gown; The Roman rolls from left to right from Maytime unto May; But the gods shake up their symbols in an absent-minded way. Their language runs to circles like the language of the eyes, Emphasised by strange dilations with little panting sighs.”

“If physics is too difficult for the physicists, the nonphysicist may wonder whether he should try at all to grasp its complexities and ambiguities. It is undeniably an effort, but probably one worth making, for the basic questions are important and the new experimental results are often fascinating. And if the layman runs into serious perplexities, he can be consoled with the thought that the points which baffle him are more than likely the ones for which the professionals have not found satisfactory answers.”

“I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.”

“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.”

“No attempt of any kind must be made at rescuing members of ships sunk, and this includes picking up persons in the water and putting them in lifeboats, righting capsized lifeboats, and handing over food and water. Rescue runs counter to the most primitive demands of warfare for the destruction of enemy ships and crews. Be hard, remember that the enemy has no regard for women and children when he bombs German cities.”

“In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.”

“So the Bush-Obama administration has taken a fiscal stance diametrically opposed to that of the patron saint of free enterprise. While escalating war in Afghanistan and maintaining over 850 military bases around the world, the administration has run up the national debt that Smith decried. By shifting the tax burden off property and off rent-seeking monopolies - above all, off the financial sector - this policy has raised America's cost of living and doing business, thereby undercutting its competitive power and running up larger and larger foreign debt.”

“Whereas Absurdism in Europe seemed a logical, almost inevitable response to the irrationality of war, the analogous elements that surfaced in American drama seemed more a response to a materialist society run amok. The American-style Absurdism seemed to spring full-blown out of television advertisements and situation comedies, which had become new myth-making machines.”