Modern Monetary Theory (MMT) is the quintessential embodiment of collectivist delusion. It arrogantly assumes that wealth can be conjured from the ether by the mere printing of paper, disregarding the fundamental law of nature: that value must be created by productive effort. MMT is the attempt to sever money from its true purpose—serving as a medium of exchange for goods earned through individual labor and enterprise. In the hands of the state, MMT becomes a weapon of force, allowing bureaucrats to siphon wealth from the industrious to finance the failures of those who would live at others’ expense. It is the destruction of the mind and the reward of mediocrity—a path to the erosion of freedom and the triumph of the parasite over the producer.
I believe there are more instances of the abridgement of the freedom …
I believe there are more instances of the abridgement of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations. James Madison
Speech in the Virginia Convention, June 16, 1788, (1751-1836)
The only investors who need wide diversification are those who do not …
The only investors who need wide diversification are those who do not understand what they are doing. [It] makes very little sense for those who know what they’re doing. Warren Buffett
…
‘MY BILL … ESTABLISHES A 6-MONTH GRACE PERIOD FOR THE TURNING IN OF ALL HANDGUNS’ U.S. Representative Major Owens Congressional Record 11/10/93’A free people ought..to be armed…’ George Washington, speech of January 7, 1790
Women’s liberationists spread the word that…the only peaceful family is …
Women’s liberationists spread the word that…the only peaceful family is one in which either the wife is enslaved or the husband is androgynous. R. Emmett Tyell
The Liberal Crack-Up, 1984
The federal government cannot stop illegal immigrants, it cannot stop drug dealers, …
The federal government cannot stop illegal immigrants, it cannot stop drug dealers, but it can audit every small business in America. Newt Gingrich
on the IRS, as quoted in U.S. News & World Report, April 14, 1997
Stock markets and economies rise and fall together. Insecurity spreads like contagion. …
Stock markets and economies rise and fall together. Insecurity spreads like contagion. The threat is chaos. Iraq is not the only part of this. But it is a test of whether we treat the threat seriously. Tony Blair
March 2003
Isn’t it strange? The same people who laugh at gypsy fortune …
Isn’t it strange? The same people who laugh at gypsy fortune tellers take economists seriously. Cincinnati Enquirer
The dissent grants that petitionersO situation is unfortunate that they ‘understandably attract …
The dissent grants that petitionersO situation is ‘unfortunate’ that they ‘understandably attract this CourtOs sympathy.’ Post, at 1, 39. But ‘sympathyO is not what petitioners have a right to demand. What they have a right to demand is evenhanded enforcement of the lawNof Title VIIOs prohibition against discrimination basedon race. And that is what, until todayOs decision, has been denied them. Samuel Alito
In the firefighters case decided in the U.S. Supreme Court June 29, 2009,Justice Alito addresses ‘sympathy’
The marvel of all history is the patience with which men and …
The marvel of all history is the patience with which men and women submit to burdens unnecessarily laid upon them by their governments. William E. Borah