Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.
--
Address at Des Moines, Iowa, (4 October 1932)Herbert Hoover
» Herbert Hoover - all quotes »
After September 11th, we were told that money was the lifeblood of terrorists, and that we should do everything possible to block their access to financial resources...Today we are hearing a far different message: Bank of America, it’s everywhere terrorists want to be.
Tom Tancredo
In the helter-skelter of this book, I didn’t develop my views as theory. In fact, I even believe that efforts of that kind are tainted with ponderousness. Nietzsche wrote “with his blood,” and criticizing, or, better, experiencing him means pouring out one’s lifeblood. … It was only with my life that I wrote the Nietzsche book that I had planned.
Georges Bataille
Philosophy ... should not imagine that specialized work in epistemological theory, or whatever else prides itself on being research, is actually philosophy. Yet a philosophy forswearing all of that must in the end be irreconcilably at odds with the dominant consciousness. Nothing else raises it above the suspicion of apologetics. Philosophy that satisfies its own intention, and does not childishly skip behind its own history and the real one, has its lifeblood in the resistance against the common practices of today and what they serve, against the justification of what happens to be the case.
Theodor Adorno
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.
Ludwig von Mises
The most common cause of low prices is pessimism—some times [sic] pervasive, some times[sic] specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Warren Buffett
Hoover, Herbert
Hoover, J. Edgar
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