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One of the frequent blind spots for economic libertarians, speaking as one who has personally dealt with this log in the eye, is a tendency to allow principles of how economies work and the beauty of trade to make us ignore perceived threats animating people who value more than just the power to buy and sell. ”
Philip Roth has made a cottage industry of unlikable characters, but compared with Mickey Sabbath, the furious and profane protagonist of 'Sabbath's Theater,' Roth's earlier creations seem like Winnie the Pooh. ”
Resist this war on God, freedom of religion and freedom of speech. ”
People spending more of their own money on routine health care would make the system more competitive and transparent and restore the confidence between the patients and the doctors without government rationing. ”
Health care is one-sixth of our economy. If the government can control that, they can control just about everything. We need to understand what is going on, because there are much more economic models that can be used to give us good health care than what we have now. ”
We were right about the slush fund. But Sloan did not testify about it to the Grand Jury. ”
Small businesses have played an important role in fueling past economic recoveries. ”
Clear communication is always important in central banking, but it can be especially important when economic conditions call for further policy stimulus but the policy rate is already at its effective lower bound. ”
At the most basic level, a central bank must be clear and open about its actions and operations, particularly when they involve the deployment of public funds. ”
No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest. ”