The life-efficiency and adaptability of the computer must be questioned. Its judicious use depends upon the availability of its human employers quite literally to keep their own heads, not merely to scrutinize the programming but to reserve for themselves the right of ultimate decision. No automatic system can be intelligently run byautomatonsor by people who dare not assert human intuition, human autonomy, human purpose.
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?murray rothbard
Il se faut reserver une arriere boutique toute nostre, toute franche, en laquelle nous establissons nostre vraye liberte et principale retraite et solitude. We must reserve a backshop, wholly our own and entirely free, wherein to settle our true liberty, our principle solitude and retreat.
But still the great have kindness in reserve, He helped to bury whom he helped to starve.Alexander Pope
The truth is, I do indulge myself a little the more in pleasure, knowing that this is the proper age of my life to do it; and out of my observation that most men that do thrive in the world, do forget to take pleasure during the time that they are getting their estate, but reserve that till they have got one, and then it is too late for them to enjoy it with any pleasure.Samuel Pepys
To condemn your sin in another is hypocrisy. Not to condemn is to reserve your right to sin.james richardson
Is it for the cultivated man, the man of broad and general views, to throw himself without reserve and with all his weight, into what, for aught he yet knows, may be only a cross-current and eddy, instead of the main stream of truth?william greenough thayer shedd
Patience, to hear frivolous, impertinent, and unreasonable applications: with address enough to refuse, without offending; or, by your manner of granting, to double the obligation: dexterity enough to conceal a truth, without telling a lie: sagacity enough to read other people’s countenances: and serenity enough not to let them discover anything by yours; a seeming frankness, with a real reserve. These are the rudiments of a politician; the world must be your grammar.stanhope, philip, 4th earl of chesterfield
Life is a hideous thing, and from the background behind what we know of it peer daemoniacal hints of truth which make it sometimes a thousandfold more hideous. Science, already oppressive with its shocking revelations, will perhaps be the ultimate exterminator of our human species if separate species we be for its reserve of unguessed horrors could never be borne by mortal brains if loosed upon the world.h. p. lovecraft
Of course, I reserve the right to make wholly stupid changes to Perl if I think they improve the language.larry wall
Pride and reserve are not the only things in life; perhaps they are not even the best things. But if they happen to be your particular virtues you will go all to pieces if you let them go.
Thus we give, as is meet, a respectful reception to what is revealed through the medium of nature, at the same time that we fully reserve our reverence for all we have been accustomed to hold sacred, not one tittle of which it may ultimately be found necessary to alter.
...with address enough to refuse, without offending, or, by your manner of granting, to double the obligation ; dexterity enough to conceal a truth without telling a lie: sagacity enough to read other people's countenances; and serenity enough not to discover anything by yours; a seaming frankness with a real reserve.
Give every man thy ear, but few thy voice; Take each man's censure, but reserve thy judgment.william shakespeare
The reserve of modern assertions is sometimes pushed to extremes, in which the fear of being contradicted leads the writer to strip himself of almost all sense and meaning.
No major institution in the US has so poor a record of performance over so long a period as the Federal reserve, yet so high a public reputation.Milton Friedman
Of all the weapons in the Federal reserve arsenal, words were the the most unpredictable in their consequences.john kenneth galbraith
Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.timothy geithner
The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal reserve.kenneth griffin
It could be said now that all animals live in zoos, whether it is a zoo in Regent's Park, London or a Nigerian Game reserve. Perhaps what's left to argue is only the zoo's quality.Peter Greenaway
[Australian reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?paul keating
When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal reserve writes a check there is no bank deposit on which that check is drawn. When the Federal reserve writes a check, it is creating money.
Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal reserve System have never been audited. It operates outside the control of Congress and through its Board of Governors manipulates the credit of the United States.
…the increase in the assets of the Federal reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the banks.
The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal reserve.