Money talks: financing the periphery buys Berlin a leading role recasting the eurozone governance framework. The recent ‘six pack’ of legislative reforms hints at what’s to come: institutionalized fiscal discipline and an excessive imbalances procedure that protects against future moral hazard. The whole eurozone will tilt toward the German surplus model as we get more fiscal integration and more German leverage.
A genuine invention in the realm of ideas must first emerge as an abstruse and even partial concept? At first blusha new idea appearstobe verycloseto insanity because to be new it must reverse important basic beliefs and assumptions which, in turn, have been institutionalized and are administered by one or another kind of priesthood with a vested interest in an old idea.Arthur Miller
I do take law very seriously, deeply seriously, because fragile as reason is and limited as law is as the institutionalized medium of reason, that's all we have standing between us and the tyranny of mere will and the cruelty of unbridled, undisciplined feeling.felix frankfurter
Subjective reason … is inclined to abandon the fight with religion by setting up two different brackets, one for science and philosophy, and one for institutionalized mythology, thus recognizing both of them. For the philosophy of objective reason there is no such way out. Since it hold to the concept of objective truth, it must take a positive or a negative stand with regard to the content of established religion.max horkheimer
The dominant social thought shapes the institutionalized order of society ... and the malfunctioning of established institutions in turn alters social thought.
In the Congress as a whole-both House and Senate-the enhanced role of money in the re-election process, coupled with the sharply diminished role for reasoned deliberation and debate, has produced an atmosphere conducive to pervasive institutionalized corruption. The Abramoff scandal is but the tip of a giant iceberg that threatens the integrity of the entire legislative branch of government.al gore
The bias against Israel has been institutionalized for 50 years, so to expect a miracle in 18 months is having unrealistic expectations. We should welcome the progress but realize that there is a long way to go, and Israel still has to bargain and barter to be recognized the way any other nation is.Abraham foxman