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.
[The assault units] were disorganized, had suffered heavy casualties and were handicapped by losses of valuable equipment.... They were pinned down along the beach by intense enemy fire.... Personnel and equipment were being piled ashore... where congested groups afforded food targets for the enemy.An American officer at the landing beach at Normandy, June 6, 1944.
And when it is suggested that the inward feelings of power or inward monitions or losses of judgement are the germs out of which the divine machinery developed, I return that truth is just the reverse, that the presence of voices which had to be obeyed were the absolute prerequisite to the conscious stage of mind in which it is the self that is responsible and can debate within itself, can order and direct, and that the creation of such a self is the product of culture. In a sense, we have become our own gods.julian jaynes
Learn from each one of your defeats; your losses must be as close to you as your victories.ashot nadanian
Companies that go bankrupt are a danger to healthy competition. They are able to make their creditors and shareholders pay for their losses and bad management and then to start anew with assets that they essentially got for free, quite unlike the competition that has not gone bankrupt, who have to pay full price for their assets, but quite similar to how their customers have wanted their products, for too little money.erik naggum
All we have to do is send two mujaheddin [...] to raise a small piece of cloth on which is written "al-Qaeda" in order to make the generals race there, to cause America to suffer human, economic and political losses.osama bin laden
Men take their misfortunes to heart, and keep them there. A gambler does not talk about his losses; the frequenter of brothels, who finds his favorite engaged by another, pretends to be just as well off without her; the professional street-brawler is quiet about the fights he has lost; and a merchant who speculates on goods will conceal the losses he may suffer. All act as one who steps on dog dung in the dark.ihara saikaku
The elements of good trading are cutting losses, cutting losses, and cutting losses.ed seykota
Justification, in terms of the broadening of freedom, for any particular form of institution of property must be argued in terms of whether the losses caused by the restrictions imposed are greater or less than the gains derived from the elimination of costly conflict.kenneth boulding
Our losses...have reached an intolerable level. The enemy air force played a decisive role in inflicting these high losses.karl dönitz
Take care to sell your horse before he dies. The art of life is passing losses on.robert frost
All his gold speculations, his stock speculations I speak of those which were purely speculative as brokers use the term generally resulted in losses.… He did not make money … out of those crises of 1869, 1873 and the Erie manipulations of 1868, which have been most strongly condemned.jay gould
It is no difficult trick to bring a great deal of energy, study, and native ability into Wall Street and to end up with losses instead of profits. These virtues, if channeled in the wrong directions, become indistinguishable from handicaps.benjamin graham
Every minute that we lose will cost us great losses later that we will not be able to afford. We must push forward now, otherwise we risk everything. Hurry yourself with the technical aspects, a lot of time has already been lost.walter model
We shall never forget that it was our submarines that held the lines against the enemy while our fleets replaced losses and repaired wounds.chester w. nimitz
We retain nothing, although we have conquered everything...France is chiefly, if not solely, to be dreaded by us in the light of a maritime and commercial power; and therefore by restoring to her all the valuable West India islands, and by our concessions in the Newfoundland fishery, we have given her the means of recovering her prodigious losses and of becoming once more formidable to us at sea...all the Spanish treasures and riches in America, lay at our mercy.Speech against the Treaty of Paris (December 1762).
All your losses will be made up to you in the resurrection, provided you continue faithful. By the vision of the Almighty I have seen it.smith, joseph, jr.
Any strategy that involves crossing a valley accepting short-term losses to reach a higher hill in the distance will soon be brought to a halt by the demands of a system that celebrates short-term gains and tolerates stagnation, but condemns anything else as failure. In short, a world where big stuff can never get done.neal stephenson
The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices... losses in output and employment (and pressure on the European central bank to inflate) will predominate.Rudiger Dornbusch, "Euro fantasies", Foreign Affairs, vol. 75, n. 5, p. 120, September/October 1996.
Facts are facts: No president since Franklin Delano Roosevelt in the Great Depression inherited a worse economy, bigger job losses or deeper problems from his predecessor. But President Obama is moving America forward, not back.Martin O'Malley in:DNC: Remarks by MD Gov. Martin O'Malley, Worldnow
All your losses will be made up to you in the resurrection, provided you continue faithful. By the vision of the Almighty I have seen it.Joseph Fielding Smith (editor), Teachings of the Prophet Joseph Smith, p. 296
Possibly you are not aware of the fact that the largest sum given by any contributor to the fund is but a trifle when compared with the losses suffered by nearly all the firms in the cotton trade during the disastrous years of the American war.John Bright, in The public letters of John Bright, S. Low, Marston, Searle & Rivington, 1885, p.119
Blessings may appear under the shape of pains, losses, and disappointments; but let him have patience, and he will see them in their proper figures.Joseph Addison The Guardian no. 117 25 July 1713.
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