First Quote Added
April 10, 2026
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"It is too early to say there is a consensus about how all these topics fit together. Yet one can say that the new classical challenge has been met: Keynesian economics has been reincarnated into a body with firm microeconomic muscle."
"Today, Keynesian theorizing does not inspire whispers and giggles from the audience. There are many economists under the age of forty who do not take offense when their work is called ‘Keynesian’, and I count myself as one of them. If Keynesian economics was dead in 1980, then today it has been reincarnated."
"Despite its flaws, Peddling Prosperity has much to recommend it. There is no book written for a lay audience that explains the economics profession with more perception or clarity than this one."
"Although Keynes’s General Theory provides the foundation for much of our current understanding of economic fluctuations, it is important to remember that classical economics provides the right answers to many fundamental questions."
"If you were going to turn to only one economist to understand the problems facing the economy, there is little doubt that the economist would be John Maynard Keynes. Although Keynes died more than a half-century ago, his diagnosis of recessions and depressions remains the foundation of modern macroeconomics. His insights go a long way toward explaining the challenges we now confront."
"Which brings us to a third group of macroeconomists: those who fall into neither the pro- nor the anti-Keynes camp. I count myself among the ambivalent. We credit both sides with making legitimate points, yet we watch with incredulity as the combatants take their enthusiasm or detestation too far. Keynes was a creative thinker and keen observer of economic events, but he left us with more hard questions than compelling answers."
"A few years ago, I had the good fortune of running across a first edition of Paul's textbook (not the recent reprint of the original text, but an actual 1948 edition). It was a real find. I bought the volume in an online auction for, if my recollection is correct, $35. Talk about consumer surplus! I would have gladly paid many times that. At the next Boston Fed meeting, I took the book along to get Paul to sign it. Below is the book's title page, along with Paul's gracious inscription."
"After more than a quarter-century as a professional economist, I have a confession to make: There is a lot I don’t know about the economy. Indeed, the area of economics where I have devoted most of my energy and attention — the ups and downs of the business cycle — is where I find myself most often confronting important questions without obvious answers."
"Liberal democracy has been one of the sturdiest political systems in the history of the modern West. As the dominant modern form of democracy, it has informed and guided several of the most successful and enduring governments the world has known, not least among them that of the United States."
"The American political system is a remarkable example of the coexistence — sometimes harmonious, more often uncomfortable — of all three dispositions. Americans, we might say, are anarchists in their values (privacy, liberty, individualism, property, and rights); realists in their means (power, law, coercive mediation, and sovereign adjudication); and minimalists in their political temper (tolerance wariness of government, pluralism, and such institutionalizations of caution as the separation of powers and judicial review."
"It is not inappropriate to describe the function of the teacher as that of acting to compel awareness. This is not to say that such compulsion contrives to bring a subject to act in the way in which the teacher believes the free man ought to act. It aspires only to assure that the subject is acting for himself and not as the mere instrument of unmediated impulses. There is even a compulsory quality about the Socratic method for, by asking questions, by enquiring in the reasons and grounds for doing this or that, it forces a man to conceive of himself in terms of intentions; it thereby forces him to be free. It does not force him, however, to act in a manner substantively different from this original impulses. … The man who swings at his enemy in blind rage may, after lengthy consideration of creative alternatives, swing at him with cool deliberation. The intentionalist cannot accept the tradition of Kant, Green, and Bosanquet which polarizes conscious duty and preconscious desire and presupposes that reflective awareness will always produce substantive changes in the character of our goals, for to him it is the qualitative change that turns mere impulses into goals that is significant for freedom."
"There is a therapy of self-indulgence and adjustment which is little more than another weapon in the arsenal of social conformity, and there is a therapy which “makes the unconscious conscious, enlarges the scope of awareness.” There is a socialization which turns curious children into adult automatons in a social environment of repressive uniformity, and there is a socialization which turns selfish, impulsive children into self-aware and deliberate participants in a larger community."
"We know ourselves by understanding our temporality, our embeddedness in time, our connection to roots—even roots from which we have knowingly severed ourselves."
"Truly to be free, my choices must truly be mine—must accord with the “me” with which I associate my core identity. I must make them in keeping with rational life plans. They cannot be triggered by invisible external or covert influences; they must make manifest a will that is unfettered yet rationally informed by life plans."
"The real struggle is in fact not for but against the minds of men. Persuasion as a form of coercion represents an assault on consciousness and intentionality."
"Those who have read the Russian novelists Bulgakov and Solzhenitsyn know how effective the debilitation can be which treats free actions as clinical abnormalities requiring hospitalization. … Acts of rebellion formerly regarded as manifestation of mere bestiality are now condoned as pathological outbursts; the possibility that such acts are the intentional projects of conscious men who are at once both demanding and expressing freedom is beyond the pale of conception. Thus are men robbed not only of their freedom but also of their dignity as creative human beings."
"Civility is a work of the imagination, for it is through the imagination that we render others sufficiently like ourselves for them to become subjects of tolerance and respect, if not always affection."
"Not only psychiatry itself but also the values reflected in its statistical definition of “normalcy” serve to condition men to habitual, unthinking, conformist behavior."
"I don't divide the world into the weak and the strong, or the successes and the failures, those who make it or those who don't. I divide the world into learners and nonlearners."
"Jefferson thought schools would produce free men: we prove him right by putting dropouts in jail."
"Under these circumstances, men lose sight of themselves and escape into the security of work or sociability or other forms of what Vidich and Bensman have called the “externalization of the self.” Vidich and Bensman sketch a troubling picture of such men: “What is left of the personality is the dulled, autonomic ritualization of behavior where … no disturbing interferences are allowed to enter into thought. … Personal and social life becomes barren, and the personal mechanics and daily routine of living become the end-all of existence. All types of activity whose operation is based upon an objective, external, automatic rhythm to which an individual can bend himself serve the function of enabling him to lose himself in an objective ceremony.”"
"A form of influence such as advertising sets out intentionally to insulate reactors (mindless consumers) from the more conscious and critical selves (potential abstainers) not by multiplying alternatives (as laisser-faire advocates of the market economy would like to believe) but by provoking dormant and partial desires in a way that circumvents the normal, conscious, rational process."
"Suffering is not necessarily a fixed and universal experience that can be measured by a single rod: it is related to situations, needs, and aspirations. But there must be some historical and political parameters for the use of the term so that political priorities can be established and different forms and degrees of suffering can be given the most attention."
"Labor, like Israel, has many sorrows. Its women weep for their fallen and they lament for the future of the children of the race. It ill behooves one who has supped at labor's table and who has been sheltered in labor's house to curse with equal fervor and fine impartiality both labor and its adversaries when they become locked in deadly embrace."
"Workers have kept faith in American institutions. Most of the conflicts which have occurred have been when labor's right to live has been challenged and denied."
"the corrupt mismanagement of UMWA president Tony Boyle had tanked the UMWA-controlled Welfare and Retirement Fund, which previous UMWA president John L. Lewis had implemented in the 1950s to provide for workers who had given their bodies (and often, their lives) to the mines."
"The workers of the nation were tired of waiting for corporate industry to right their economic wrongs, to alleviate their social agony and to grant them their political rights. Despairing of fair treatment, they resolved to do something for themselves."
"Who gets the bird, the hunter or the dog?"
"No tin-hat brigade of goose-stepping vigilantes or bibble-babbling mob of blackguarding and corporation paid scoundrels will prevent the onward march of labor, or divert its purpose to play its natural and rational part in the development of the economic, political and social life of our nation."
"The organized workers of America, free in their industrial life, conscious partners in production, secure in their homes and enjoying a decent standard of living, will prove the finest bulwark against the intrusion of alien doctrines of government."
"I have pleaded (labor's) case, not in the quavering tones of a feeble mendicant asking alms, but in the thundering voice of the captain of a mighty host, demanding the rights to which free men are entitled."
"If there is to be peace in our industrial life, let the employer recognize his obligation to his employees - at least to the degree set forth in existing statutes."
"Labor is marching toward the goal of industrial democracy and contributing constructively toward a more rational arrangement of our domestic economy."
"I had been taking Prevacid for about four years and my body built up a resistance to it, to the point where it wasn't doing anything anymore... I had a night of drinking in London followed by a full day and night of drinking on a day off in Dublin, because what else is there to do in Ireland but drink? That, coupled with a show where I had monitor problems, and I pretty much trashed my voice."
"This is not rocket science. Instead of spending all this money litigating against kids who are the people they're trying to sell things to in the first place, they have to learn how to effectively use the Internet. For the artists, my ass... I didn't ask them to protect me, and I don't want their protection."
"Nonsense. I think that the problem isn't with them downloading the song, the problem is when they buy the record and when they burn a million discs off their computer for all their friends. That's the reason why every single band, no matter who you are, your sales are chopped by fifty to sixty percent after your first week out. It's a huge problem, but instead of giving people more reasons to buy the product, they don't worry about that. I think you have to enhance the value of the product. Like when KISS was putting out records, their 'Alive' record sold so well because it made you feel like you were part of the concert experience. There was also an actual program in the thing, all these pictures, the KISS Army stuff… There's so much stuff that added to the value of that package. There wasn't a KISS fan out there who didn't want the whole thing, because everything that came along with the music was so worthwhile to them. It's not rocket-science, this stuff."
"[about the name Disturbed] It had been a name I have been contemplating for a band for years. It just seems to symbolize everything we were feeling at the time. The level of conformity that people are forced into was disturbing to us and we were just trying to push the envelope and the name just sorta made sense."
"[on Phil Anselmo] I think that he's probably one of the more enigmatic frontman of our time. He's tremendously inspirational to vocalists throughout the genre including myself. I know that there's some weirdness regarding the "incident," but I certainly know that Phil would have never in his darkest thoughts ever have wanted any harm to befall Dime. You know the world is a very, very extreme place. When a fan gets so connected to a band that the demise of the band, however they want to interpret it, leads them to question their own lives and their existence... I mean it's weird. There are too many types of music that inspire that passion in people and thankfully metal is one of them. It's just unfortunate that this animal happened to take the demise of Pantera so seriously that he felt that it was justification for him to do what he did. He took the life of probably one of the greatest guitar players to walk the face of the Earth."
"I think that labels are foolish in not using the Internet, instead of being afraid of it. I think that if AOL Time Warner were smart enough, they'd enter into a contract agreement with their own company — AOL — and agree on one thing: They have the ability to track anywhere that a message comes from, no matter what service you're signed up with, via an IP address. You just make sure that whenever a song is downloaded by somebody utilizing your server, whether it's AOL, or Mindspring, or anybody else, you access a minimal charge for these downloads. It could be 75 cents or a dollar, a dollar-fifty… This way, at least you're making money off it. At least this way the people who are supposed to be making money off the product still can, as well. It still gives people the opportunity to go ahead and download as much as they want. It's a standard fee for doing a service, or for having a service available to them. They'll do it, and at the end of the month, they'll have their AOL statement, or their Mindspring statement, and it will have their download tax added onto the bill. And it will keep on going. The labels don't think of this. It seems like I've been talking about this to deaf ears on this topic for the last five years. Before we even got signed, I was talking about this. It's just preposterous to me that labels, for the most part, are the reasons for their own demise. They're just so stuck in this old way of thinking, and unfortunately, the good elements of their old way of thinking have all gone away. They don't spend enough time developing artists, they throw a whole bunch of shit against the wall and wait for something to stick, and when it doesn't, they let it fall off."
"I would like to thank a world that never understood or accepted me, family and friends that never believed in me, and a God with one hell of a sense of humor. You have all made me what I am today. Let that weigh heavily on your consciences."
"[I'm] Very positive about the internet, Napster. I think it's a tremendous tool for reaching many more people than we ever could without it. When you release music you want it to be heard by people... Nothing is going to do that better than Napster. I can't tell you how many kids have come up to me and said, "I downloaded a couple of tunes off Napster and I went out and bought the album."...I don't really make money off of record sales anyway."
"It is very true that we ought to think of the happiness of others; but it is not often enough said that the best thing we can do for those who love us is to be happy ourselves."
"Untie, liberate, and do not be afraid. He who is free is disarmed."
"When the pack is out hunting, the dogs do not fight among themselves."
"Happiness is a reward that comes to those that have not looked for it."
"Each one gave the other the only assistance one man can expect from another: that his friend support him and ask only that he remain himself. It is no great accomplishment to take people as they are, and we must always do so eventually, but to wish them to be as they are, that is a genuine love."
"Certainly thinking is pleasant, but the pleasure of thinking must be subordinated to the art of making decisions."
"Obligation spoils everything."
"Never be insolent unless it is a deliberate decision, and only toward a man more powerful than yourself."
"May the Gods, if they did not die of boredom, never give you one of those flat kingdoms to govern; may lead you through mountain paths; may they give you for a companion a good Andalusian mule with eyes like wells, a brow like an anvil, and who stops dead in his tracks because he sees the shadow his ears make on the road in front of him."