Quotes about liability (54 quotes) | Quotes of famous people

“If you are emotionally attached to your tribe, religion or political leaning to the point that truth and justice become secondary considerations, your education and exposure is useless. If you cannot reason beyond petty sentiments, you are a liability.”

Chuba Okadigbo (1941–2003) Nigerian politician

Source: Fani-Kayode urges Buhari to take Okadigbo’s advice, Ifreke Inyang, 23 October 2017, Daily Post, Nigeria, 18 April 2018 http://dailypost.ng/2017/10/23/fani-kayode-urges-buhari-take-okadigbos-advice/,

Truth , Education , Religion , Justice

“Its okay to be poor since poverty is a temporally state but never okay for a poor person to keep poor friends, the best among friends is one that adds value to your life not subtract, a good friend should be an Asset not a liability.”

Hamis Kiggundu (1984) Ugandan business magnate, Internet entrepreneur, philanthropist, and author

Quoted from his first book https://en.wikipedia.org/wiki/Success_and_Failure_Based_on_Reason_and_Reality, "Success and Failure Based on Reason and Reality" https://www.amazon.co.uk/SUCCESS-FAILURE-BASED-REASON-REALITY/dp/9970983903/ on Amazon, P.58 (July 2018)

Personality , Life

“According to the pronouncements of our state rulers and their intellectual bodyguards (of whom there are more than ever before), we are better protected and more secure than ever. We are supposedly protected from global warming and cooling, from the extinction of animals and plants, from the abuses of husbands and wives, parents and employers, from poverty, disease, disaster, ignorance, prejudice, racism, sexism, homophobia, and countless other public enemies and dangers. In fact, however, matters are strikingly different. In order to provide us with all this protection, the state managers expropriate more than 40 percent of the incomes of private producers year in and year out. Government debt and liabilities have increased without interruption, thus increasing the need for future expropriations. Owing to the substitution of government paper money for gold, financial insecurity has increased sharply, and we are continually robbed through currency depreciation. Every detail of private life, property, trade, and contract is regulated by ever higher mountains of laws legislation), thereby creating permanent legal uncertainty and moral hazard. In particular, we have been gradually stripped of the right to exclusion implied in the very concept of private property. … In short, the more the state has increased its expenditures on social security and public safety, the more our private property rights have been eroded, the more our property has been expropriated, confiscated, destroyed, or depreciated, and the more we have been deprived of the very foundation of all protection: economic independence, financial strength, and personal wealth.”

Hans-Hermann Hoppe (1949) Austrian school economist and libertarian anarcho-capitalist philosopher

"The Private Production of Defense" http://www.mises.org/journals/scholar/Hoppe.pdf (15 June 1999)

Life , Money , Disease , Law

“Whereas logic and objectivity are usually the predominant features of a man's outer attitude, or are at least regarded as ideals, in the case of a woman it is feeling. But in the soul it is the other way round: inwardly it is the man who feels, and the woman who reflects. Hence a man's greater liability to total despair, while a woman can always find comfort and hope; accordingly a man is more likely to put an end to himself than a woman. However much a victim of social circumstances a woman may be, as a prostitute for instance, a man is no less a victim of impulses from the unconscious, taking the form of alcoholism and other vices.”

C.G. Jung book Psychological Types

Psychological Types (1921). CW 6. P.805

Alcohol , Hope , Way , Feeling

“Ewald von Kleist was an officer and a gentleman in an era when such characteristics were liabilities.”

Paul Ludwig Ewald von Kleist (1881–1954) German general during World War II

Samuel W. Mitcham Jr., in Hitler's Generals (2003)

“Our brains are either our greatest assets or our greatest liabilities.”

Robert T. Kiyosaki (1947) American finance author , investor

“It's such a liability to love another person.”

Janet Fitch book White Oleander

Source: White Oleander

Love , Personality

“First of all, no one knows his place in society, his class position or social status; nor does he know his fortune in the distribution of natural assets and abilities, his intelligence and strength, and the like. Nor, again, does anyone know his conception of the good, the particulars of his rational plan of life, or even the special features of psychology such as his aversion to risk or liability to optimism or pessimism. More than this, I assume that the parties do not know the particular circumstances of their own society. That is, they do not know its particular economic or political situation, or the level of civilization and culture it has been able to achieve. The persons in the original position have no information as to which generation they belong.”

John Rawls book A Theory of Justice

Source: A Theory of Justice (1971; 1975; 1999), p. 117

Life , Intelligence , Optimism , Nature

“Some Confederate soldiers switched sides, beginning as early as 1862. When Sherman made his famous march to the sea from Atlanta to Savannah, his army actually grew in number, because thousands of white southerners volunteered along the way. Meanwhile, almost two-thirds of the Confederate army disappeared through desertion. Eighteen thousand slaves joined Sherman, so many that the army had to turn some away. Compare these facts with the portrait common in our textbooks of Sherman's marauders looting their way through a united south. The increasing ideological confusion in the Confederate states, coupled with the increasing strength of the United States, helps explains the Union victory… Many nations and people have continued to fight with far inferior means and weapons… The Confederacy's ideological contradictions were its gravest liabilities, ultimately causing its defeat.”

James W. Loewen book Lies My Teacher Told Me

As quoted in Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong https://books.google.com/books?id=5m23RrMeLt4C&pg=PT225&dq=%22Twenty+Nigger+Law%22+loewen&hl=en&sa=X&ved=0ahUKEwitwZHxq7fKAhXFdR4KHVgMDrYQ6AEIHzAA#v=onepage&q=%22Twenty%20Nigger%20Law%22%20loewen&f=false (2007), New York: New Press, pp. 225–226
2000s, 2007, Lies My Teacher Told Me: Everything Your American History Textbook Got Wrong (2007)

People , Way , Victory , Help

“[Engineering] is a great profession. There is the fascination of watching a figment of the imagination emerge through the aid of science to a plan on paper. Then it moves to realization in stone or metal or energy. Then it brings jobs and homes to men. Then it elevates the standards of living and adds to the comforts of life. That is the engineer’s high privilege.

The great liability of the engineer compared to men of other professions is that his works are out in the open where all can see them. His acts, step by step, are in hard substance. He cannot bury his mistakes in the grave like the doctors. He cannot argue them into thin air or blame the judge like the lawyers. He cannot, like the architects, cover his failures with trees and vines. He cannot, like the politicians, screen his shortcomings by blaming his opponents and hope that the people will forget. The engineer simply cannot deny that he did it. If his works do not work, he is damned. That is the phantasmagoria that haunts his nights and dogs his days. He comes from the job at the end of the day resolved to calculate it again. He wakes in the night in a cold sweat and puts something on paper that looks silly in the morning. All day he shivers at the thought of the bugs which will inevitably appear to jolt its smooth consummation.

On the other hand, unlike the doctor his is not a life among the weak. Unlike the soldier, destruction is not his purpose. Unlike the lawyer, quarrels are not his daily bread. To the engineer falls the job of clothing the bare bones of science with life, comfort, and hope. No doubt as years go by people forget which engineer did it, even if they ever knew. Or some politician puts his name on it. Or they credit it to some promoter who used other people’s money with which to finance it. But the engineer himself looks back at the unending stream of goodness which flows from his successes with satisfactions that few professions may know. And the verdict of his fellow professionals is all the accolades he wants.”

Herbert Hoover (1874–1964) 31st President of the United States of America

Excerpted from Chapter 11 "The Profession of Engineering"
The Memoirs of Herbert Hoover: Years of Adventure, 1874-1929 (1951)

Life , Men , Money , People

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

Robert S. Kaplan (1940) American accounting academic

Source: The Balanced Scorecard, 1996, p. 2-3

Age , Success

“There is, however, no doubt that the various races, when carefully compared and measured, differ much from each other,—as in the texture of the hair, the relative proportions of all parts of the body,2 the capacity of the lungs, the form and capacity of the skull, and even in the convolutions of the brain.3 But it would be an endless task to specify the numerous points of structural difference. The races differ also in constitution, in acclimatisation, and in liability to certain diseases. Their mental characteristics are likewise very distinct; chiefly as it would appear in their emotional, but partly in their intellectual, faculties. Every one who has had the opportunity of comparison, must have been struck with the contrast between the taciturn, even morose, aborigines of S. America and the light-hearted, talkative negroes. There is a nearly similar contrast between the Malays and the Papuans,4 who live under the same physical conditions, and are separated from each other only by a narrow space of sea.”

Charles Darwin book The Descent of Man, and Selection in Relation to Sex

volume I, chapter VII: "On the Races of Man", page 216 http://darwin-online.org.uk/content/frameset?pageseq=238&itemID=F937.1&viewtype=image
The Descent of Man (1871)

Disease , Light , Appearance , Heart

“This was the angerless philosophy of Owen, which inspired him with a forbearance that never failed him, and gave him that regnant manner which charmed all who met him. We shall see what his doctrine of environment has done for society, if we notice what it began to do in his day, and what it has done since.
Men perished by battle, by tempest, by pestilence, Faith might comfort, but it did not save them. In every town, nests of pestilence co-existed with the churches, who were concerned alone with worship. Disease was unchecked by devotion. Then Owen asked, "Might not safety come by improved material condition?" As the prayer of hope brought no reply, as the scream of agony, if heard, was unanswered, as the priest, with the holiest intent, brought no deliverance, it seemed prudent to try the philosopher and the physician.
Then Corn Laws were repealed, because prayers fed nobody. Then parks were multiplied because fresh air was found to be a condition of health. Alleys and courts, were begun to be abolished-since deadly diseases were bred there. Streets were widened, that towns might be ventilated. Hours of labour were shortened, since exhaustion means liability to epidemic contagion. Recreation was encouraged, as change and rest mean life and strength. Temperance — thought of as self-denial — was found to be a necessity, as excess of any kind in diet, or labour, or pleasure means premature death. Those who took dwellings began to look, not only to drainage and ventilation, but to the ways of their near neighbours, as the most pious family may poison the air you breathe unless they have sanitary habits.”

George Holyoake (1817–1906) British secularist, co-operator, and newspaper editor

Memorial dedication (1902)

Life , Death , Men , Health

“How do wealth-income and capital-output ratios evolve in the long run, and why? Until recently it was difficult to properly address this question, for one simple reason: national accounts were mostly about ﬂows, not stocks. Economists had at their disposal a large body of historical series on ﬂows of output, income and consumption – but limited data on stocks of assets and liabilities. When needed, for example for growth accounting exercises, estimates of capital stocks were typically obtained by cumulating past ﬂows of saving and investment. This is ﬁne for some purposes, but severely limits the set of questions one can ask.”

Thomas Piketty (1971) French economist

Piketty, Thomas, and Gabriel Zucman. Capital is back: Wealth-income ratios in rich countries, 1700-2010 http://piketty.pse.ens.fr/files/PikettyZucman2013WP.pdf. Centre for Economic Policy Research, 2013.

Exercises , Question , Past , Wealth

“Under a tyranny, most friends are a liability. One quarter of them turn "reasonable" and become your enemies, one quarter are afraid to speak, and one quarter are killed and you die with them. But the blessed final quarter keep you alive.”

Sinclair Lewis book It Can't Happen Here

It Can't Happen Here (1935)

“Companies are in the midst of a revolutionary transformation. Industrial age competition is shifting to information age competition. During the industrial age, from 1850 to about 1975, companies succeeded by how well they could capture the benefits from economies of scale and scope. Technology mattered, but, ultimately, success accrued to companies that could embed the new technology into physical assets that offered efficient, mass production of standard products.
During the industrial age, financial control systems were developed in companies, such as General Motors, DuPont, Matsushita, and General Electric, to facilitate and monitor efficient allocations of financial and physical capital. A summary financial measure such as return-on-capital employed (ROCE) could both direct a company’s internal capital to its most productive use and monitor the efficiency by which operating divisions used financial and physical capital to create value for shareholders.
The emergence of the information era, however, in the last decades of the twentieth century, made obsolete many of the fundamental assumptions of industrial age competition. No longer could companies gain sustainable competitive advantage by merely deploying new technology into physical assets rapidly, and by excellent management of financial assets and liabilities.”

David P. Norton (1941) American business theorist, business executive and management consultant

Source: The Balanced Scorecard, 1996, p. 2-3

Age , Success

“What we have to do…is to humanise the system of limited liability.”

Stanley Baldwin (1867–1947) Former Prime Minister of the United Kingdom

Speech in Leeds (13 March 1925), quoted in On England, and Other Addresses (1926), p. 67.
1925

“Rather than being their greatest single asset, knowing to do the technical (professional) work of the business becomes their greatest single liability.”

Michael E. Gerber (1936) American business writer

Cited in: Jurnal ekonomi. (1999) Nr. 9, p. 12
The E-Myth Revisited, 1995

Business

“At the establishment of our constitutions, the judiciary bodies were supposed to be the most helpless and harmless members of the government. Experience, however, soon showed in what way they were to become the most dangerous; that the insufficiency of the means provided for their removal gave them a freehold and irresponsibility in office; that their decisions, seeming to concern individual suitors only, pass silent and unheeded by the public at large; that these decisions, nevertheless, become law by precedent, sapping, by little and little, the foundations of the constitution, and working its change by construction, before any one has perceived that that invisible and helpless worm has been busily employed in consuming its substance. In truth, man is not made to be trusted for life, if secured against all liability to account.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

1820s, Letter to A. Coray (1823)

Life , Truth , Law , Way

“The desire to economize time and mental effort in arithmetical computations, and to eliminate human liability to error is probably as old as the science of arithmetic itself.”

Howard H. Aiken (1900–1973) pioneer in computing, original conceptual designer behind IBM's Harvard Mark I computer

"Proposed Automatic Calculating Machine" (1937)

Error , Effort , Science , Time

“I’d like to think I have somehow connected or tapped to our collective subconscious, but in a sense I am just pulling ideas off the morning news. The real challenge is to make art out of these bits and pieces of our reality. I am a third-generation artist raised in the ghetto who was classically educated. This had its assets and liabilities.”

Joe Lewis (artist) (1953) American photographer

Walter Robinson. " Joe Lewis: Clairvoynace http://www.artnet.com/magazineus/features/robinson/robinson8-16-07.asp" at artnet.com, 2015.

Education , Art , Idea , Thinking

“Such cultural homosexuality is an alienation more or less forced upon certain groups of Auden’s society by the form of their education and the nature of their social and financial conditions. Where the members of a class and a sex are taught, in a prolonged narcissistic isolation, to hero-worship themselves—class and sex; where—to a different class—unemployment is normal, where one’s pay is inadequate or impossible for more than one; where children are expensive liabilities instead of assets; where women are business competitors; where most social relationships have become as abstract, individualistic, and mobile as the relations of the labor market, homosexuality is a welcome asset to the state, one of the cheapest and least dangerous forms of revolution.”

Randall Jarrell (1914–1965) poet, critic, novelist, essayist

“Changes of Attitude and Rhetoric in Auden’s Poetry”, pp. 127–128
The Third Book of Criticism (1969)

Women , Children , Education , Sex

“A static hero is a public liability. Progress grows out of motion.”

Richard Evelyn Byrd (1888–1957) Medal of Honor recipient and United States Navy officer

As quoted in Struggle : The Life and Exploits of Commander Richard E. Byrd (1928) by Charles John Vincent Murphy, p. 325

“The dissatisfaction with life and the world, felt more or less in the present state of society and intellect by every discerning and highly conscientious mind, gave in his case a rather melancholy tinge to the character, very natural to those whose passive moral susceptibilities are more than proportioned to their active energies. For it must be said, that the strength of will of which his manner seemed to give such strong assurance, expended itself principally in manner. With great zeal for human improvement, a strong sense of duty and capacities and acquirements the extent of which is proved by the writings he has left, he hardly ever completed any intellectual task of magnitude. He had so high a standard of what ought to be done, so exaggerated a sense of deficiencies in his own performances, and was so unable to content himself with the amount of elaboration sufficient for the occasion and the purpose, that he not only spoilt much of his work for ordinary use by over-labouring it, but spent so much time and exertion in superfluous study and thought, that when his task ought to have been completed, he had generally worked himself into an illness, without having half finished what he undertook. From this mental infirmity (of which he is not the sole example among the accomplished and able men whom I have known), combined with liability to frequent attacks of disabling though not dangerous ill-health, he accomplished, through life, little in comparison with what he seemed capable of;”

John Stuart Mill book Autobiography

Source: https://archive.org/details/autobiography01mill/page/74/mode/1up pp. 74-75

Men , Nature , Study , Health

“The scientific skepticism of our age professes to spring from a sense of the extreme fallaciousness of the human senses, and the liability besetting us all to deceive ourselves into a belief which gratifies the faculty of wonder. It is held as a rare and valuable gift to be able to observe a fact correctly. We are pathetically told that what a man thinks he saw, is often a mere hypothesis of his imagination as to what he saw, and may be wholly wrong.”

Robert Chambers (publisher, born 1802) (1802–1871) Scottish publisher and writer

Source: Testimony: its Posture in the Scientific World (1859), p. 1-2

Age , Imagination , Spring , Thinking

“If the artist is necessarily sensitive, does that sensitiveness form in its essence a state constantly liable to shade off into the morbid? Does this liability, moreover, increase in proportion as the effort is great and the ambition intense?”

Henry James (1843–1916) American novelist, short story author, and literary critic

"The Journal of the Brothers de Goncourt," Fortnightly Review (October 1888).

Effort

“When I understand this liability as a trade-off for my strengths, something new and liberating arises within me. I no longer want to have my liability “fixed”—by learning how to dance solo, for example, when no one wants to dance with me—for to do that would be to compromise or even destroy my gift.”

Parker Palmer (1939) American theologian

Source: Let Your Life Speak: Listening for the Voice of Vocation (1999), p. 53

Understanding , Learning , Dance

“The true order of events shows that orthodoxy clearly has reversed the process through which investment is funded. Banks do not begin as intermediaries which accept deposits of 'savers' and then make loans to 'investors', for this would assume that the public has already developed the 'banking habit'. This habit is the end result of public experience with short term bank liabilities which have been created as banks extend short term credit to finance working capital expenses.”

L. Randall Wray (1953) American economist

Source: Money and Credit in Capitalist Economies, 1990, p. 58; as cited in: Stein (1994).

“Advertising is a serious thing with the businessman of to-day. It is estimated that the businessmen of the United States are spending $600,000,- a year in printed forms of advertising. Furthermore one authority claims that seventy-five per cent, of all this is unprofitable. Every business man is anxious that no part of these unprofitable advertisements shall fall to his lot. The enormity of the expense, the keenness of competition, and the great liability of failure has awakened the advertising world to the pressing need for some basis of assurance in its hazardous undertakings.”

Walter Dill Scott (1869–1955) President of Northwestern university and psychologist

Source: The Theory of Advertising, 1903, p. 2

World , Failure , Business , Parting

“Eichmann was in every respect a painstaking bureaucrat. He at once recorded in the files every discussion he ever had with any of his superiors. He always told me that the most important thing was to be covered at all times by one's superiors. He shunned all personal responsibility and took care to shelter behind his superiors - in this case Mueller and Kaltenbrunner - and inveigle them into accepting liability for his actions.”

Dieter Wisliceny (1911–1948) SS-Hauptsturmführer

Quoted in "Gestapo: Instrument of Tyranny" - Page 240 - by Edward Crankshaw - History - 1956

Time , Personality

“As to whether we shall have war with our late confederates, or whether all matters of differences between us shall be amicably settled, I can only say that the prospect for a peaceful adjustment is better, so far as I am informed, than it has been. The prospect of war is, at least, not so threatening as it has been. The idea of coercion, shadowed forth in President Lincoln’s inaugural, seems not to be followed up thus far so vigorously as was expected. Fort Sumter, it is believed, will soon be evacuated. What course will be pursued toward Fort Pickens, and the other forts on the gulf, is not so well understood. It is to be greatly desired that all of them should be surrendered. Our object is peace, not only with the North, but with the world. All matters relating to the public property, public liabilities of the Union when we were members of it, we are ready and willing to adjust and settle upon the principles of right, equity, and good faith. War can be of no more benefit to the North than to us. Whether the intention of evacuating Fort Sumter is to be received as an evidence of a desire for a peaceful solution of our difficulties with the United States, or the result of necessity, I will not undertake to say. I would feign hope the former. Rumors are afloat, however, that it is the result of necessity. All I can say to you, therefore, on that point is, keep your armor bright and your powder dry.”

Alexander H. Stephens (1812–1883) Vice President of the Confederate States (in office from 1861 to 1865)

The Cornerstone Speech (1861)

War , World , Peace , Faith

“In all probability
I'll lose my virility
And you your fertility
And desirability,
And this liability
Of total sterility
Will lead to hostility
And a sense of futility,
So let's act with agility
While we still have facility,
For we'll soon reach senility
And lose the ability.”

Tom Lehrer (1928) American singer-songwriter and mathematician

When You Are Old And Grey
Songs by Tom Lehrer (1953)

Hostility , Sense

“The messages of the prophets are essentially indictments of Israel for breach of covenant. They preserved some memory of the old traditions, but were not so naive as to think that the literal demands of the old law would be adequate in their own times. There is no condemnation of the stratification of society as such, rather a condemnation of the injustice and extortion which was done by the powerful. To take a specific example, the old law knew as security for a loan only the pledge (Exod. 22:26). In a simple economy, loans were evidently of an amount which would usually be adequately secured by giving to the creditor some property to hold until the loan was repaid. In case of default, the debtor's property simply reverted to the creditor. No other form of security is presupposed in the Covenant Code, and it is specifically forbidden that an Israelite be a "creditor" to one of his fellows. Already in the reign of Saul the situation had changed, Those who gathered about David as outlaws included those who had "creditors" (I Sam. 22:2), and who therefore had to flee. Under the old pledge system of security there would be no possible occasion for flight from the community in case of default. A totally different legal doctrine had come into practice whereby the person of the debtor was security for a loan. Upon default the creditor could seize him (or his family) as a slave, possibly without any legal action at all. The only alternative to slavery would have been flight. This doctrine is identical to that of Babylonian law, and no doubt of the Canaanites as well. It is in the law of the monarchy that Canaanite influence is doubtless to be posited, but it is a legal tradition in total contradiction to the customs and morality of early Israel. Amos protested violently against the way the legal doctrine was practiced, as did most of the prophets (Am. 2:6; Hos. 12:8-9; Mic. 2:1-2). The later lawcodes illustrate beautifully the way in which the early traditions, and the needs of business were brought into harmony. The older pledge system was simply inadequate for a commercial economy; and if the person of the debtor was to be protected, so also must the rights of the creditor to some security for his loan to be guaranteed. Therefore, Deuteronomy and the Holiness Code (Lv. 17-26) accept the doctrine of bodily liability, but place restrictions upon the powers of the creditor over the defaulting debtor. In the Holiness Code he is not to be treated as a slave, nor given the legal status of a slave, but rather to be as a hired laborer.”

George E. Mendenhall (1916–2016) American academic

Law and Convenant in Israel and the Ancient Near East (1954)

Family , Law , Way , Communication

“I develop a method for the direct and expeditious comparison of the thermo-couple with the air thermometer. A comparison of the data… gives me a criterion of the accuracy with which the data in the region of high temperature are known. This indirect method… is not apparently as rigorous as their direct evaluation by means of the air thermometer; but the indirect method requires much smaller quantities of substance and may be conveniently extended to much higher temperatures. Taking all liabilities to error into consideration, its inferior accuracy is only apparent.”

Carl Barus (1856–1935) U.S. physicist

"On the Thermo-Electric Measurement of High Temperatures" (April 8, 1889)

Error

“I have always believed that conservation is not a liability to industries. Instead, if done properly, it can be an asset.”

Sukanto Tanoto (1949) Indonesian businessman

Interview, China Economic Herald, Nov 30, 2007. http://www.rgei.com/files/media_releases/ceh_301107.pdf
2007

“If there has been any crime, it must be prosecuted. If there has been any property of the United States illegally transferred or leased, it must be recovered…. I propose to employ special counsel of high rank drawn from both political parties to bring such actions for the enforcement of the law. Counsel will be instructed to prosecute these cases in the courts so that if there is any guilt it will be punished; if there is any civil liability it will be enforced; if there is any fraud it will be revealed; and if there are any contracts which are illegal they will be canceled. Every law will be enforced. And every right of the people and the Government will be protected.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

Calvin Coolidge, statement on the Teapot Dome scandal, The New York Times (January 27, 1924), p. 1. Quoted by Senator Edward Martin, address to the Mifflin County Republican Committee, Lewistown, Pennsylvania (January 25, 1952), Congressional Record (January 28, 1952), vol. 98, Appendix, p. A400.
1920s

People , Law , Fraud

“I started out with $600, a second hand Volkswagen, and a wife. One was an asset and one was a liability. I will let you figure out which was which. I liquidated both, and still had the $600. I worked long hours, and spent weekends reading about markets. I simply love it. You have to love what you do, whether it be gardening, hairdressing, etc. When you love it, then the money follows. Even if it doesn’t, you will still be happy. Being happy and poor is better than being unhappy and poor.”

Jim Rogers (1942) American writer

Interview, February 2005

Love , Money , Reading , Happiness

“Yet a personal God can become a grave liability. He can be a mere idol carved in our own image, a projection of our limited needs. fears and desires. We can assume that he loves what we love and hates what we hate, endorsing our prejudices instead of compelling us to transcend them.”

Karen Armstrong book A History of God

A History of God (1993)

Love , God , Hate , Fear

“Robin Day: But how low does your personal rating, among your own supporters, have to go before you consider yourself a liability to the party you lead?
Edward Heath: Well, popularity isn't everything. In fact it isn't the most important thing. What matters is doing what you believe to be right, and that's what I've always tried to do and I shall go on doing. The question doesn't arise.”

Edward Heath (1916–2005) Prime Minister of the United Kingdom (1970–1974)

Interview on "Panorama", BBC 1 (16 October 1967).
Leader of the Opposition

Question , Support , Personality

“A second justification for corporate taxation is that the corporation receives a number of special privileges from society, the most important of which is limited liability of the stockholders. The corporation tax can be viewed as a user fee for this benefit.”

Harvey S. Rosen (1949) American economist

Source: Public Finance - International Edition - Sixth Edition, Chapter 17, The Corporation Tax, p. 399

“If books were sold as software and online recordings are, they would have this legalese up front:
The content of this book is distributed on an 'as is' basis, without warranty as to accuracy of content, quality of writing, punctuation, usefulness of the ideas presented, merchantability, correctness or readability of formulae, charts, and figures, or correspondence of (a) the table of contents with the actual contents, (2) page references in the index (if any) with the actual page numbering (if present), and (iii) any illustration with its adjacent caption. Illustrations may have been printed reversed or inverted, the publisher accepts no responsibility for orientation or chirality. Any resemblance of the author or his or her likeness or name to any person, living or dead, or their heirs or assigns, is coincidental; all references to people, places, or events have been or should have been fictionalized and may or may not have any factual basis, even if reported as factual. Similarities to existing works of art, literature, song, or television or movie scripts is pure happenstance. References have been chosen at random from our own catalog. Neither the author(s) nor the publisher shall have any liability whatever to any person, corporation, animal whether feral or domesticated, or other corporeal or incorporeal entity with respect to any loss, damage, misunderstanding, or death from choking with laughter or apoplexy at or due to, respectively, the contents; that is caused or is alleged to be caused by any party, whether directly or indirectly due to the information or lack of information that may or may not be found in this alleged work. No representation is made as to the correctness of the ISBN or date of publication as our typist isn't good with numbers and errors of spelling and usage are attributable solely to bugs in the spelling and grammar checker in Microsoft Word. If sold without a cover, this book will be thinner than those sold with a cover. You do not own this book, but have acquired only a revocable non-exclusive license to read the material contained herein. You may not read it aloud to any third party. This disclaimer is a copyrighted work of Jef Raskin, first published in 2004, and is distributed 'as is', without warranty as to quality of humor, incisiveness of commentary, sharpness of taunt, or aptness of jibe.”

Jef Raskin (1943–2005) American computer scientist

"If Books Were Sold as Software" http://www.newsscan.com/cgi-bin/findit_view?table=newsletter&dateissued=20040818#11200, NewsScan.com (18 August 2004)
If Books Were Sold as Software (2004)

Death , People , Books , Art

“Under central planning neither planners, managers, nor workers had incentives to promote the social economic interest. Nor did impeding markets for final goods to the planning system enfranchise consumers in meaningful ways. But central planning would have been incompatible with economic democracy even if it had overcome its information and incentive liabilities. And the truth is that it survived as long as it did only because it was propped up by unprecedented totalitarian political power.”

Robin Hahnel (1946) American economist

Robin Hahnel, The ABC's of Political Economy, (2002) London: Pluto Press. p. 262.

Truth , Way , Democracy

“Our open, diverse society is an asset in the struggle against terrorism, not a liability. It makes us stronger and more resistant to radicalization. And this raises a larger point about the future of our country. America is strongest when we all believe that we have a stake in our country and our future. This vision has sustained us from the beginning. The belief that, yes, we are all created equal and the journey we have made to turn that into reality over the course of our history, that we are not a land of winners and losers, that we should all have the opportunity to live up to our God-given potential. And we have a responsibility to help others do so as well.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech about the Orlando Shooting (June 13, 2016)

God , History , Reality , Future

“A man of true honor protects the unwritten word which binds his conscience more scrupulously, if possible, than he does the bond a breach of which subjects him to legal liabilities, and the United States, in aiming to maintain itself as one of the most enlightened nations, would do its citizens gross injustice if it applied to its international relations any other than a high standard of honor and morality.”

Grover Cleveland (1837–1908) 22nd and 24th president of the United States

Message to Congress withdrawing a treaty for the annexation of Hawaii from consideration. (18 December 1893); A Compilation of the Messages and Papers of the Presidents 1789-1897 (1896 - 1899) edited by James D. Richardson, Vol. IX, pp. 460-472.
Context: It has been the boast of our government that it seeks to do justice in all things without regard to the strength or weakness of those with whom it deals. I mistake the American people if they favor the odious doctrine that there is no such thing as international morality; that there is one law for a strong nation and another for a weak one, and that even by indirection a strong power may with impunity despoil a weak one of its territory.
By an act of war, committed with the participation of a diplomatic representative of the United States and without authority of Congress, the government of a feeble but friendly and confiding people has been overthrown. A substantial wrong has thus been done which a due regard for our national character as well as the rights of the injured people requires we should endeavor to repair. The Provisional Government has not assumed a republican or other constitutional form, but has remained a mere executive council or oligarchy, set up without the assent of the people. It has not sought to find a permanent basis of popular support and has given no evidence of an intention to do so. Indeed, the representatives of that government assert that the people of Hawaii are unfit for popular government and frankly avow that they can be best ruled by arbitrary or despotic power.
The law of nations is founded upon reason and justice, and the rules of conduct governing individual relations between citizens or subjects of a civilized state are equally applicable as between enlightened nations. The considerations that international law is without a court for its enforcement and that obedience to its commands practically depends upon good faith instead of upon the mandate of a superior tribunal only give additional sanction to the law itself and brand any deliberate infraction of it not merely as a wrong but as a disgrace. A man of true honor protects the unwritten word which binds his conscience more scrupulously, if possible, than he does the bond a breach of which subjects him to legal liabilities, and the United States, in aiming to maintain itself as one of the most enlightened nations, would do its citizens gross injustice if it applied to its international relations any other than a high standard of honor and morality.
On that ground the United States cannot properly be put in the position of countenancing a wrong after its commission any more than in that of consenting to it in advance. On that ground it cannot allow itself to refuse to redress an injury inflicted through an abuse of power by officers clothed with its authority and wearing its uniform; and on the same ground, if a feeble but friendly state is in danger of being robbed of its independence and its sovereignty by a misuse of the name and power of the United States, the United States cannot fail to vindicate its honor and its sense of justice by an earnest effort to make all possible reparation.

“There is the liability of accepting prematurely an artificial horizon for our own character and personality, of losing the horizon of the possible person we might be.”

Halford E. Luccock (1885–1960) American Methodist minister

Marching Off the Map : And Other Sermons (1952), p. 83
Context: There is the liability of accepting prematurely an artificial horizon for our own character and personality, of losing the horizon of the possible person we might be. It is the danger of considering our character as something static, rather than as something emerging. <!-- Some of us remember the old singsong of the geography class, "bounded on the north, south, east, and west." Not very exciting.

Personality

“If we claim only reasonable probability, it will be as much as men who love the truth can ever at any given moment hope to have within their grasp. Pretty surely it will be more than we could have had, if we were unconscious of our liability to err.”

William James (1842–1910) American philosopher, psychologist, and pragmatist

Lectures XIV and XV, "The Value of Saintliness"
1900s, The Varieties of Religious Experience (1902)
Context: Is dogmatic or scholastic theology less doubted in point of fact for claiming, as it does, to be in point of right undoubtable? And if not, what command over truth would this kind of theology really lose if, instead of absolute certainty, she only claimed reasonable probability for her conclusions? If we claim only reasonable probability, it will be as much as men who love the truth can ever at any given moment hope to have within their grasp. Pretty surely it will be more than we could have had, if we were unconscious of our liability to err.

Love , Men , Truth , Hope

“For ages the Aborigines had relied heavily on isolation. It was their asset and their liability, and gave them long-term control of the continent. But if their isolation were to end, as it ultimately had to end with a shrinking world, their whole way of life could be fractured. Even the arrival of a few thousand permanent settlers, whether from Europe or Asia, would be like the first tremors of an earthquake.”

Geoffrey Blainey (1930) Australian historian

The Story of Australia's People: The Rise and Fall of Ancient Australia (2015)

World , Life , Way , Age

“Limited liability should not be sacrosanct. Like property rights—including intellectual property—it is a creation of man, to provide appropriate incentives; when that artifice fails to fulfill its social function, it needs to be modified.”

Joseph E. Stiglitz book Making Globalization Work

idem, p. 207
Making globalization work (2006)

“Today freedom also means the freedom to hate, it means the freedom to say anything, it means the freedom to disparage people, to dehumanize people, to believe in the culture of cruelty, to believe that kindness is not a virtue but a liability. Freedom has been extended into a discourse of violence and hate, which is really part of a larger cultural apparatus that has so undermined the relationship between freedom and justice, freedom and equality, freedom and social responsibility that those terms drop out and freedom becomes in a sense a liability with respect to what a democratic socialist country might look like. The other side of this is that there is a really demonic notion of freedom that seems to suggest we’re all equal and we can all make all of the choices that we want — it’s up to us. In other words, it suggests that choice in this one-dimensional sense of market freedom is defined without constraints. So you are free to sleep under a bridge at night, or you’re free to sleep in the Ritz. Well, that’s just nonsense. It seems to me that choice only becomes meaningful when people have the capacity to make real choices. That’s what freedom really is about in an economic and political sense.”

Henry Giroux (1943) American academic

Interview with Media For Us, 2019

Sleep , Hate , Justice , Night

“Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The Government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment.”

John F. Kennedy (1917–1963) 35th president of the United States of America

1962, Address and Question and Answer Period at the Economic Club of New York (549)

Business

“The new tax bill should improve both the equity and the simplicity of our present tax system. This means the enactment of long-needed tax reforms, a broadening of the tax base and the elimination or modification of many special tax privileges. These steps are not only needed to recover lost revenue and thus make possible a larger cut in present rates; they are also tied directly to our goal of greater growth. For the present patchwork of special provisions and preferences lightens the tax load of some only at the cost of placing a heavier burden on others. It distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities. It makes certain types of less productive activity more profitable than other more valuable undertakings. All this inhibits our growth and efficiency, as well as considerably complicating the work of both the taxpayer and the Internal Revenue Service. These various exclusions and concessions have been justified in part as a means of overcoming oppressively high rates in the upper brackets--and a sharp reduction in those rates, accompanied by base-broadening, loophole-closing measures, would properly make the new rates not only lower but also more widely applicable. Surely this is more equitable on both counts.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Making love , Parting , Effort

“Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The Government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment. [...] For all these reasons, next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

Business , Home , Personality , Effort

“You can't give the average Wall Street CEO really lenient standards of accounting and expect the figures to be good. The accountant is like the referee in soccer. The accountant has to be the adult that prevents the mayhem. Accountants don't want to be the adults because it causes liability, it causes responsibility, it causes difficulty ... they failed us terribly.”

Charlie Munger (1924) American business magnate, lawyer, investor, and philanthropist

[A Conversation with Charlie Munger, Ross School of Business, YouTube, March 22, 2011, https://www.youtube.com/watch?v=Pph3Bg8Pihg] (quote at 23:30 of 1:59:58)

“If there is one thing more than another that I have striven to secure during the last seven years it is that we should not incur any increase of Imperial liabilities.”

Edward Grey, 1st Viscount Grey of Fallodon (1862–1933) British Liberal statesman

Letter to C. P. Scott (21 September 1912), quoted in G. M. Trevelyan, Grey of Fallodon; Being the Life of Sir Edward Grey afterwards Viscount Grey of Fallodon (1937), p. 200
1910s