Quotes about price
page 7

“People will resist information unless the price of not knowing it greatly exceeds the price of learning it.”

Calvin Mooers (1919–1994) American computer scientist

Attributed to Mooers (1959) in Eugene Garfield (1997) "A Tribute To Calvin N. Mooers, A Pioneer Of Information Retrieval." The Scientist, Vol:11, #6, p. 9, March 17, 1997

People, Learning

“By Christ's purchasing redemption, two things are intended, His satisfaction, and His merit. All is done by the price that Christ lays down, which does two things: it pays our debt, and so it satisfies; by its intrinsic value, and by the agreement between the Father and the Son it procures our title, and so it merits. The satisfaction of Christ is to free us from misery, and the merit of Christ is to purchase happiness for us.”

Jonathan Edwards (1703–1758) Christian preacher, philosopher, and theologian

Source: Dictionary of Burning Words of Brilliant Writers (1895), p. 489.

Happiness, Christ

“Economists’ instincts are that uncertainty about current prices, future prices, and the real meaning of nominal trade-offs between the present and the future; distortions introduced by the failure of government finance to be inflation-neutral; windfall redistributions; and the focusing of attention not on preferences, factors of production, and technologies but on predicting the future evolution of nominal magnitudes must degrade the functioning of the price system and reduce the effectiveness of the market economy at providing consumer utility. The cumulative jump in the price level as a result of the inflation of the 1970s may have been very expensive to the United States in terms of the associated reduction in human welfare.”

J. Bradford DeLong (1960) American economist

Ch. 6 : "America’s Peacetime Inflation: The 1970s" in Reducing Inflation: Motivation and Strategy (1997) edited by Christina D. Romer and David H. Romer

Failure, Future

“When will Sweden be full of Muslims? The short answer is never. They've talked themselves into such a tight corner, and so demonised anyone who questions mass immigration that they could no sooner put a limit on it now than they could click their heels and give a Nazi salute. It's out of the question. So on and on it will go, forever. A hundred thousand or more a year, every year, year after year. It will never stop. Not even when there's a mosque on every street corner blaring the call to prayer five times a day through loudspeakers into your face. That's what's coming, Sweden, and nobody deserves it more than you. Oh yes, you're a real shining "progressive" beacon, all right, a real example to us all – like the guy who dives head first into a thimble of water is an example to us all. … You deserve to see your culture destroyed. You're clearly not worthy of it. You deserve what's coming, but your children and grandchildren don't, and they're the ones who will pay the price for your irresponsible stupidity and cowardice. They will curse your memory for what you've done to them, especially the female ones, you nation of traitors, you society of lemmings, you ship of fools.”

Pat Condell (1949) Stand-up comedian, writer, and Internet personality

"Sweden — Ship of fools" (13 October 2014) https://youtube.com/watch/?v=RZsvdg1dkJ4 2014

Children, Stupidity, Fools, Guy

“Most of my readers will have felt the sensation of suddenly falling into the void, just at the point when sleep is going to take them over completely. Waking up with a start, your heart convulsively trembling, you don't always realize that this sensation of vertigo is a reminiscence of the expulsion of being born... All those who throw themselves into the void have at bottom only one desire, to be reborn at any price.”

Salvador Dalí (1904–1989) Spanish artist

Source: Quotes of Salvador Dali, 1961 - 1970, Diary of a Genius (1964), pp. 131-132 - (VSD), Dali's quotes on the void

Sleep, Heart

“We did not want bloodshed, for we are not bandits. We would not be socialists, if we were bandits. /…/ When the preacher of the truth meets the death penalty, well - proud and defiant, I will pay the price.”

August Spies (1855–1887) American upholsterer, radical labor activist, and newspaper editor

Translated from Swedish: http://www.kommunisterna.org/politik/texter/socialismens-lardomar/riv-galgarna

Death, Truth, Penalty

“What is the price of a thousand horses against a son where there is one son only?”

John Millington Synge Riders to the Sea

Riders to the Sea (1904).

Horse

“Make a list of all the environmental and social problems that today afflict us and our poor battered planet. – not just the extinction of species and animals and plants, that fifty years ago was the first signs of impending global disaster, but traffic congestion, oil prices, pressure on the health service, the growth of mega-cities, migration patterns, immigration policies, unemployment, the loss of arable land, desertification, famine, increasingly violent weather, the acidification of the oceans, the collapse of fish stocks, rising sea temperatures, the loss of rain forest. The list goes on and on. But they all share an underlying cause. Every one of these global problems, environmental as well as social becomes more difficult – and ultimately impossible - to solve with ever more people.”

David Attenborough (1926) British broadcaster and naturalist

How Many People Can Live on Planet Earth? (BBC Horizon, 2009)

People, Health, Problem, Fish

“I clearly see you a tapeworm, but not a cobra, not a cobra at all…no good at the flute! (…) I’ll go applaud you when you finally become a true monster, when you’ll have paid them, the witches, what you have to, their price, so they transmute you, blossom you, into a true phenomenon. Into a tapeworm that plays the flute.”

Louis-ferdinand Céline (1894–1961) French writer

To the Fidgeting Lunatic
in Albert Paraz, Le Gala des Vaches, Éditions de l’Élan, Paris, 1948 ; À l'agité du bocal, et autres textes de L.-F. Céline, l'Herne / Carnets de l'Herne ISBN 9782851976567 2006, 85 p. ; To the Fidgeting Lunatic (Céline on Sartre), translation by Constantin Rigas.

“Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

1998 Berkshire Hathaway Annual Meeting, as quoted in The Essays of Warren Buffett : Lessons for Corporate America (1998), p. 92

“The gods sell anything and to everybody at a fair price.”

Ralph Waldo Emerson (1803–1882) American philosopher, essayist, and poet

1870s, Society and Solitude (1870), Quotation and Originality

God

“The prevalence of the corporation in America has led men of this generation to act, at times, as if the privilege of doing business in corporate form were inherent in the citizen; and has led them to accept the evils attendant upon the free and unrestricted use of the corporate mechanism as if these evils were the inescapable price of civilized life, and, hence to be borne with resignation.”

Louis Brandeis (1856–1941) American Supreme Court Justice

Dissent, Liggett Co. v. Lee, 288 U.S. 517 (1933).
Judicial opinions

Life, Men, Business, Evil

“In the intellectual market the quantity of the demand rises in proportion to that of the supply, but its quality does not keep pace with this increase. For example, the Old Testament of pianoforte players, Bach’s “Wohltenoerurtes Klavier” is perhaps in almost as many hands as the New Testament, Beethoven’s Pianoforte Sonatas, but in few more heads than it was in former years, when it could only be had for six times the present price. Doubtless, its leaves are somewhat oftener turned over, but now, as then, about the sixth part, likely enough just the first sixth, is all that is studies in the real meaning of the word. Here truly is little more gained than a merely superficial acquaintance with the great father of German music.”

Hans von Bülow (1830–1894) German musician

Preface to Instructive ausgabe. Klavier-Etuden von Fr. Chopin, 1880.

Music, Study, Time, Parting

“FRAND licensing … in theory, would prevent someone with competitive problems from raising prices on competitors to cripple them if they were successful. Interestingly, the only firm in recent memory that ever did this was Apple …”

Rob Enderle (1954) American financial analyst

Why the Smartphone Market Works and Why Apple Wants to Kill It http://techzone360.com/topics/techzone/articles/2017/06/12/432715-why-smartphone-market-works-why-apple-wants-kill.htm in TechZone360 (12 June 2017)

Problem, Memory, Success

“Now, this free Government of America… imposed a duty of fifty per cent on foreign wool; and not a word of complaint was heard from any party against that protecting duty. Why, therefore, was all this outcry about the duties which were enforced in this country for the protection of the land, and which, after all, was no protection at all?… the landlord and farmer had nothing whatever to do with the increase in the price of bread. If the petitioners were rational persons, they would not have asked for cheap bread; they would have asked for a reduction of those taxes that caused the bread to be so high… He did not know but he ought to vote for the repeal of the Corn-laws, upon account of their foolishness, their utter absurdity, and inefficiency. He explained all these things to his constituents, who were just as fond of a cheap loaf as the people of Liverpool, or any other place. He said to them, "Don't go to the landlords to ask for cheap bread, because they cannot give it you. Go to the Government, and tell them to take off the taxes, that the baker may be enabled to give you cheap bread." This was the language he addressed to his constituents. He recollected perfectly well when this Corn Bill was first brought forward he gave it his most strenuous opposition, not because he objected to the principle of the Bill, but solely because he conceived it would be wholly inoperative”

William Cobbett (1763–1835) English pamphleteer, farmer and journalist

Speech http://hansard.millbanksystems.com/commons/1834/mar/21/free-trade-liverpool-petition-adjourned in the House of Commons on a petition in favour of free trade (21 March 1834).

People, Law, Personality, Country

“Owing to the incapacity of the higher price-rate to appeal to the "acquisitive sense," it would appear altogether plausible to attempt to do so by utilizing the opposite strategy: by decreasing piece-rates, to force workers to produce more in order to maintain their accustomed earnings. Moreover, two simple observations seem to have held true in the past, as they do today: a lower wage and higher profit are directly related, and all that is paid out in higher wages must imply a corresponding reduction of profits.
Capitalism has been guided by this axiom repeatedly, and even from its beginning, and it has been an article of faith for centuries that lower wages are "productive."”

Max Weber book The Protestant Ethic and the Spirit of Capitalism

In other words, lower wages were believed to enhance worker productivity.
Source: The Protestant Ethic and the Spirit of Capitalism (1905; 1920), Ch. 2 : The "Spirit" of Capitalism

Faith, Sense, Appearance, Past

“If an economy in the doldrums could drift indefinitely, the price of government inaction might be graver by far than the consequences of bold unorthodoxy.”

Robert L. Heilbroner book The Worldly Philosophers

Source: The Worldly Philosophers (1953), Chapter IX, John Maynard Keynes, p. 269

“I like a man willing to pay the price of his pleasures”

Alice Borchardt (1939–2007) American fiction writer

Devoted

Pleasure

“[ Much money makes a countrey poor, for it sets a dearer price on every thing. ]”

George Herbert (1593–1633) Welsh-born English poet, orator and Anglican priest

Jacula Prudentum (1651)

Money

“"Milton was right," said my Teacher. "The choice of every lost soul can be expressed in the words 'Better to reign in Hell than to serve in Heaven.' There is always something they insist on keeping even at the price of misery."”

Clive Staples Lewis book The Great Divorce

Source: The Great Divorce (1944–1945), Ch. 9

Soul, Hell, Teachers

“The so-called free market does not provide consumers with proper information, because the social and environmental costs of production are not part of the current economic models…. an ecological tax reform would be strictly revenue neutral, shifting the tax burden from income taxes to "eco-taxes." …the taxes would be added to existing products, forms of energy, services, and materials, so that prices would better reflect true costs.”

Fritjof Capra (1939) American physicist

Epilogue: Ecological Literacy
The Web of Life (1996)

Parting

“These burdens and frustrations are accepted by most Americans with maturity and understanding. They may long for the days when war meant charging up San Juan Hill-or when our isolation was guarded by two oceans — or when the atomic bomb was ours alone — or when much of the industrialized world depended upon our resources and our aid. But they now know that those days are gone — and that gone with them are the old policies and the old complacency's. And they know, too, that we must make the best of our new problems and our new opportunities, whatever the risk and the cost.
But there are others who cannot bear the burden of a long twilight struggle. They lack confidence in our long-run capacity to survive and succeed. Hating communism, yet they see communism in the long run, perhaps, as the wave of the future. And they want some quick and easy and final and cheap solution — now.
There are two groups of these frustrated citizens, far apart in their views yet very much alike in their approach. On the one hand are those who urge upon us what I regard to be the pathway of surrender-appeasing our enemies, compromising our commitments, purchasing peace at any price, disavowing our arms, our friends, our obligations. If their view had prevailed, the world of free choice would be smaller today.
On the other hand are those who urge upon us what I regard to be the pathway of war: equating negotiations with appeasement and substituting rigidity for firmness. If their view had prevailed, we would be at war today, and in more than one place.
It is a curious fact that each of these extreme opposites resembles the other. Each believes that we have only two choices: appeasement or war, suicide or surrender, humiliation or holocaust, to be either Red or dead. Each side sees only "hard" and "soft" nations, hard and soft policies, hard and soft men. Each believes that any departure from its own course inevitably leads to the other: one group believes that any peaceful solution means appeasement; the other believes that any arms build-up means war. One group regards everyone else as warmongers, the other regards everyone else as appeasers. Neither side admits that its path will lead to disaster — but neither can tell us how or where to draw the line once we descend the slippery slopes of appeasement or constant intervention.
In short, while both extremes profess to be the true realists of our time, neither could be more unrealistic. While both claim to be doing the nation a service, they could do it no greater disservice. This kind of talk and easy solutions to difficult problems, if believed, could inspire a lack of confidence among our people when they must all — above all else — be united in recognizing the long and difficult days that lie ahead. It could inspire uncertainty among our allies when above all else they must be confident in us. And even more dangerously, it could, if believed, inspire doubt among our adversaries when they must above all be convinced that we will defend our vital interests.
The essential fact that both of these groups fail to grasp is that diplomacy and defense are not substitutes for one another. Either alone would fail. A willingness to resist force, unaccompanied by a willingness to talk, could provoke belligerence — while a willingness to talk, unaccompanied by a willingness to resist force, could invite disaster.”

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

1961, Address at the University of Washington

Men, Hate, War, People

“The whole subject of the liquidity trap has a sort of Alice-through-the-looking glass quality. Virtues like saving, or a central bank known to be strongly committed to price stability, become vices; to get out of the trap a country must loosen its belt, persuade its citizens to forget about the future, and convince the private sector that the government and central bank aren’t as serious and austere as they seem.”

Paul Krugman (1953) American economist

"Thinking About the Liquidity Trap", Journal of the Japanese and International Economies (2000)

Future, Country, Forgetting

“I thank the Foreign Secretary for giving way. I assure him that at least 60 Labour Members voted against the Bill on Second Reading and I am sure that they will vote against the Maastricht treaty again tonight, primarily because it takes away from national Parliaments the power to set economic policy and hands it over to an unelected set of bankers who will impose the economic policies of price stability, deflation and high unemployment throughout the European Community.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1993/may/20/european-communities-amendment-bill in the House of Commons (20 May 1993). 1990s

Way, Communication, Reading

“Sraffa’s criticisms of the concept of capital also amount – at least in principle –to a deadly blow to the foundations of the so-called ‘neo-classical synthesis’. Combining Keynes’ thesis on the possibility of fighting unemployment by adopting adequate fiscal and monetary policies with the marginalist tradition of simultaneous determination of equilibrium quantities and prices as a method to study any economic problem, this approach has in the last few decades come to constitute the dominant doctrine in textbooks the whole world over. It is only thanks to increasing specialisation in the various fields of economics, often invoked as the inevitable response to otherwise insoluble difficulties, that the theoreticians of general equilibrium are able to construct their models without considering the problem of relations with the real world that economists are supposed to be interpreting, and that the macroeconomists can pretend that their ‘one commodity models’ constitute an acceptable tool for analysis. For those who believe that the true task facing economists, hard as it may be, is to seek to interpret the world they live in, Sraffa’s ‘cultural revolution’ still marks out a path for research that may not (as yet) have yielded all it was hoped to, but is certainly worth pursuing.”

Alessandro Roncaglia (1947) Italian economist

Source: Piero Sraffa: His life, thought and cultural heritage (2000), Ch. 1. Piero Sraffa

World, Hope, Problem, Study

“I believe that we have learned the importance of maintaining military strength as a means of preventing war. We have found that a sound military system is necessary in time of peace if we are to remain at peace. Aggressors in the past, relying on our apparent lack of military force, have unwisely precipitated war. Although they have been led to destruction by their misconception of our strength, we have paid a terrible price for our unpreparedness.”

Harry Truman (1884–1972) American politician, 33rd president of the United States (in office from 1945 to 1953)

Special Message to the Congress on the Threat to the Freedom of Europe (1948)

War, Peace, Learning, Time

“Richard resumed reading the T’Rain Gazette, a daily newspaper (electronic format, of course)… which summarized what had been going on all over T’Rain during the preceding twenty-four hours:
Notable achievements, wars, duels, sackings, mortality statistics, plagues, famines…untoward spikes in commodity prices.”

Neal Stephenson book Reamde

Day 1
Reamde (2011), Part I: Nine Dragons

War, Reading

“There is an imperialism that deserves all honor and respect — an imperialism of service in the discharge of great duties. But with too many it is the sense of domination and aggrandisement, the glorification of power. The price of peace is eternal vigilance.”

Leonard H. Courtney (1832–1918) British politician

As quoted in The Life Of Lord Courtney (1920) by G. P. Gooch
The statement "The price of peace is eternal vigilance" has been widely attributed to others, including George Marshall, however even Courtney's use of it is probably derived from an earlier statement with several variants:
The price of freedom is eternal vigilance.
The price of liberty is eternal vigilance.
Eternal vigilance is the price of liberty.

Peace, Sense

“That said, there can be little doubt that exceptionally low interest rates on ten-year Treasury notes, and hence on home mortgages, have been a major factor in the recent surge of homebuilding and home turnover, and especially in the steep climb in home prices. Although a 'bubble' in home prices for the nation as a whole does not appear likely, there do appear to be, at a minimum, signs of froth in some local markets where home prices seem to have risen to unsustainable levels.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Greenspan on June 9, 2005 http://www.federalreserve.gov/boarddocs/testimony/2005/200506092/default.htm. 2000s

Home, Appearance

“Let us rid ourselves of the fiction that low oil prices are somehow good for the United States.”

Dick Cheney (1941) American politician and businessman

Remarks after introducing a legislation to create a new import tax that would have caused the price of oil to soar by billions of dollars per year http://query.nytimes.com/gst/fullpage.html?res=9C01E3D91F39F935A35757C0A9629C8B63 October 1986 1980s

“I always say—a prejudice on my part, I'm sure—you can tell a lot about a person's character from his choice of sofa. Sofas constitute a realm inviolate unto themselves. This, however, is something that only those who have grown up sitting on good sofas will appreciate. It's like growing up reading good books or listening to good music. One good sofa breeds another good sofa; one bad sofa breeds another bad sofa. That's how it goes. There are people who drive luxury cars, but have only second- or third-rate sofas in their homes. I put little trust in such people. An expensive automobile may well be worth its price, but it's only an expensive automobile. If you have the money, you can buy it, anyone can buy it. Procuring a good sofa, on the other hand, requires style and experience and philosophy. It takes money, yes, but you also need a vision of the superior sofa. That sofa among sofas.”

Haruki Murakami book Hard-Boiled Wonderland and the End of the World

Source: Hard-Boiled Wonderland and the End of the World (1985), Chapter Five: Tabulations, Evolution, Sex Drive

Money, People, Books, Music

“A war takes place; an earthquake occurs; a flood of a magnitude not seen in a hundred years washes over the land; a cartel falls apart; oil prices quadruple; tax laws change, and the market in which you had an open position, or even hedged, moves in a magnitude not only unforeseen, but totally outside past models. They always do. You are in trouble.”

Eugene Rotberg (1930)

"Testimony Before the U.S. House of Representatives Committee on Banking, Finance and Urban Affairs." http://www.generotberg.com/speeches/1990s/TESTIMONYCommitteeBanking100198.html, October 1 1998

War, Law, Change, Past

“The honourable gentleman has alluded to the distresses and financial embarrassments of the country. I should be the last man to speak of those distresses in a slighting manner; but in considering the amount of our burdens, we ought not to forget under what circumstances those difficulties have been incurred. Engaged in an arduous struggle, single-handed and unaided, not only against all the powers of Europe, but with the confederated forces of the civilized world, our object was not merely military glory—not the temptation of territorial acquisition—not even what might be considered a more justifiable object, the assertion of violated rights and the vindication of national honour; but we were contending for our very existence as an independent nation. When the political horizon was thus clouded, when no human foresight could point out from what quarter relief was to be expected, when the utmost effort of national energy was not to despair, I would put to the honourable gentleman whether, if at that period it could have been shown that Europe might be delivered from its thraldom, but that this contingent must be purchased at the price of a long and patient endurance of our domestic burdens, we should not have accepted the conditions with gratitude? I lament as deeply as the honourable gentleman the burdens of the country; but it should be recollected that they were the price which we bad agreed to pay for our freedom and independence.”

Henry Temple, 3rd Viscount Palmerston (1784–1865) British politician

Speech in the House of Commons (16 May 1820), quoted in George Henry Francis, Opinions and Policy of the Right Honourable Viscount Palmerston, G.C.B., M.P., &c. as Minister, Diplomatist, and Statesman, During More Than Forty Years of Public Life (London: Colburn and Co., 1852), pp. 15-16.
1820s

World, Effort, Freedom, Despair

“There was a price to be paid for any decision he made. There was a price for who he was. Other people paid it.”

Robert Jordan (1948–2007) American writer

Rand al'Thor
(15 October 1994)

People, Decision

“Adrian Slywotzky believes the Internet will overturn the inefficient push model of supplier-customer interaction. He predicts that in all sorts of markets, customers will use choiceboards—interactive, on-line systems that let people design their own products by choosing from a menu of attributes, prices, and delivery options. And he explores how the shifting role of the customer—from passive recipient to active designer—will change the way companies compete.”

Clayton M. Christensen (1952–2020) Mormon academic

Adrian J. Slywotzky, Clayton M. Christensen, Richard S. Tedlow, Nicholas G. Carr (2000) "The future of commerce." Harvard Business Review Vol 78.1. p. 39-53. ( abstract http://hbr.org/product/future-of-commerce-hbr-onpoint-enhanced-edition/an/4681-PDF-ENG) 2000s

People, Way, Change

“The end is easily foretold,
When every blessed thing you hold
Is made of silver, or of gold,
You long for simple pewter.
When you have nothing else to wear
But cloth of gold and satins rare,
For cloth of gold you cease to care—
Up goes the price of shoddy.
In short, whoever you may be,
To this conclusion you'll agree,
When everyone is somebodee,
Then no one's anybody!”

W. S. Gilbert (1836–1911) English librettist of the Gilbert & Sullivan duo

The Gondoliers (1889)

Clothes

“Taking the points in order, it's fairly easy to demonstrate that Saddam Hussein is a bad guy's bad guy. He's not just bad in himself but the cause of badness in others. While he survives not only are the Iraqi and Kurdish peoples compelled to live in misery and fear (the sheerly moral case for regime-change is unimpeachable on its own), but their neighbors are compelled to live in fear as well.

However—and here is the clinching and obvious point—Saddam Hussein is not going to survive. His regime is on the verge of implosion. It has long passed the point of diminishing returns. Like the Ceausescu edifice in Romania, it is a pyramid balanced on its apex (its powerbase a minority of the Sunni minority), and when it falls, all the consequences of a post-Saddam Iraq will be with us anyway. To suggest that these consequences—Sunni-Shi'a rivalry, conflict over the boundaries of Kurdistan, possible meddling from Turkey or Iran, vertiginous fluctuations in oil prices and production, social chaos—are attributable only to intervention is to be completely blind to the impending reality. The choices are two and only two—to experience these consequences with an American or international presence or to watch them unfold as if they were none of our business.”

Christopher Hitchens (1949–2011) British American author and journalist

2002-11-07
Machiavelli in Mesopotamia
Slate
1091-2339
http://www.slate.com/articles/news_and_politics/fighting_words/2002/11/machiavelli_in_mesopotamia.html: On the 2003 invasion of Iraq
2000s, 2002

People, Fear, Guy, Business

“It is God’s will that we take His behests and His comfortings as largely and as mightily as we may take them, and also He willeth that we take our abiding and our troubles as lightly as we may take them, and set them at nought. For the more lightly we take them, and the less price we set on them, for love, the less pain we shall have in the feeling of them, and the more thanks and meed we shall have for them.”

Julian of Norwich (1342–1416) English theologian and anchoress

The Fifteenth Revelation, Chapter 63

Love, God, Pain, Feeling

“Hitler also anticipated modern economic policy... by recognizing that a rapid approach to full employment was only possible if it was combined with wage and price controls. That a nation oppressed by economic fear would respond to Hitler as Americans did to F. D. R. is not surprising.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

As quoted in Adolf Hitler: The Definitive Biography (1991), by John Toland, also quoted in "Repatriation — The Dark Side of World War II (1995) by Jacob G. Hornberger http://www.fff.org/freedom/0795a.asp

Fear

“”Is this man, ah, senile?”
”He’s absolutely competent,” she answered coldly.
”I assure you I am,” roared Cordo. Anger changed his countenance utterly. ”And I will not be put off from business by assassins in my own bedroom! Now, you will either kill me immediately or negotiate the price of my release!”

Scott Lynch book Red Seas Under Red Skies

Source: Red Seas Under Red Skies (2007), Chapter 16 “Settling Accounts” section 3 (p. 712)

Business, Change, Anger

“Mr. Richard Arkwright, after many years study, brought his spinning machinery to bear about 1768: he was a native of Lancashire; but fearing the same fate as Hargrave, went to Nottingham, and obtained a patent, dated 3 July 1769, for a machinery for making web or yarn of cotton, flax, or wool. He afterwards found it necessary to apply the same principles to the preparation, and took another patent, dated 16 December 1775, for certain machines for preparing silk, cotton, flax and wool for spinning. During five years after the date of his first patent, Mr. Arkwright and his partners expended 12,000 l in machinery and buildings before any profit was made. The last invention was a very important addition to the first; and by combining them, excellent yarn, or twist, was at last produced; but there was still much difficulty in establishing a trade; for the cotton manufacturers would not have the new yarn at any price, and the proprietors were obliged to weave the yarn, into stockings, and into calicoes; but the latter was restricted by the Excise, which rendered relief by an Act of Parliament necessary.”

Richard Arkwright (1732–1792) textile entrepreneur; developer of the cotton mill

The case, 1782

Fate, Fear, Study

“Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.”

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

Address at Des Moines, Iowa, (4 October 1932)

Business

“High elasticity means that unit output goes up more than prices went down, so you get a growth business.”

Andy Kessler (1958) American writer

Part II, Revolution, Meeting Mr. Zed, p. 42.
Running Money (2004) First Edition

Business

“Most anarchists believe the coming change can only come through a revolution, because the possessing class will not allow a peaceful change to take place; still we are willing to work for peace at any price, except at the price of liberty.”

Lucy Parsons (1853–1942) American communist anarchist labor organizer

The Principles of Anarchism

Peace, Change

“I'll tell you what harms the vast majority of Muslims that love freedom and hate terror: Muslim theocracy does. Muslim intolerance does. Wahabism does. Salafism does. Islamism does. Jihadism does. Sharia law does. The mere conservatism of traditional Islam does. We're not talking about only jihadists hating homosexuals and thinking they should die, we're talking about conservative Muslims. The percentage of British Muslims polled who said that homosexuality was morally acceptable was zero. Do you realize what it takes to say something so controversial in a poll that not even 1% of those polled would agree with it? There's almost no question that extreme that you will ever see in a poll that gets a zero, but ask British Muslims whether homosexuality is morally acceptable, and that's what you get. And the result is more or less the same in dozens of other countries. It's zero in Cameroon, zero in Ethiopia. 1% in Nigeria, 1% in Tanzania, 1% in Mali, 2% in Kenya, 2% in Chad. 1% in Lebanon, 1% in Egypt, 1% in the Palestinian territories, 1% in Iraq, 2% in Jordan, 2% in Tunisia, 1% in Pakistan. But 10% in Bangladesh. Bangladesh: that bright spot in the Muslim world where they are regularly hunting down and butchering secular writers with machetes. The people who suffer under this belief system are Muslims themselves. The next generation of human beings born into a Muslim community who could otherwise have been liberal, tolerant, well-educated, cosmopolitan productive people are to one or another degree being taught to aspire to live in the Middle Ages, or to ruin this world on route to some fictional paradise after death. That's the thing we have to get our heads around. And yes, some of what I just said applies with varying modifications to other religions and other cults. But there is nothing like Islam at this moment for generating this kind of intolerance and chaos. And if only a right wing demagogue will speak honestly about it, then we will elect right wing demagogues in the West more and more in response to it. And that will be the price of political correctness: that's when this check will finally get cashed. That will be the consequence of this persistent failure we see among liberals to speak and think and act with real moral clarity and courage on this issue. The root of this problem is that liberals consistently fail to defend liberal values as universal human values. Their political correctness, their multiculturalism, their moral relativism has led them to rush to the defense of theocrats and to abandon the victims of theocracy and to vilify anyone who calls out this hypocrisy for what it is as a bigot. And to be clear, and this is what liberals can't seem to get, is that speaking honestly about the ideas that inspire Islamism and jihadism, beliefs about martyrdom, and apostasy and blasphemy and paradise and honour and women, is not an expression of hatred for Muslims. It is in fact the only way to support the embattled people in the Muslim community: The reformers and the liberals and the seculars and the free thinkers and the gays and the Shiia in Sunni-majority context and Sufis and Ahmadiyyas, and as Maajid Nawaz said, the minorities within the minority, who are living under the shadow, and sword rather often, under theocracy. […] If you think that speaking honestly about the need for reform within Islam will alienate your allies in the Muslim community, then you don't know who your allies are.”

Sam Harris (1967) American author, philosopher and neuroscientist

Sam Harris, "Waking Up with Sam Harris Podcast #38 — The End of Faith Sessions 2" (15 June 2016) https://www.samharris.org/podcast/item/the-end-of-faith-sessions-2 2010s

Love, Death, Women, Hate

“Those of us born after that era (of World War II), or with little or no knowledge of those experiences, take freedom for granted. In fact, we give little thought because we are preoccupied with the here and now and yet we owe a debt of gratitude that can never be repaid because you (returned servicemen) paid the price in blood.”

Joni Madraiwiwi (1957–2016) Fijian politician

Poppy Drive speech, 21 October 2005.

War, World, Knowledge, Freedom

“But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XVII, Taxes on Other Commodities, p. 161 (see also.. Consumption Tax)

“When we look over the rest of the world, in spite of all its devastation there is encouragement to believe it is on a firmer moral foundation than it was in 1914. Much of the old despotism has been swept away, While some of it comes creeping back disguised under new names, no one can doubt that the general admission of the right of the people to self-government has made tremendous progress in nearly every quarter of the globe. In spite of the staggering losses and the grievous burden of taxation, there is a new note of hope for the individual to be more secure in his rights, which is unmistakably clearer than ever before. With all the troubles that beset the Old World, the former cloud of fear is evidently not now so appalling. It is impossible to believe that any nation now feels that it could better itself by war, and it is apparent to me that there has been a very distinct advance in the policy of peaceful and honorable adjustment of international differences. War has become less probable; peace has become more secure. The price which has been paid to bring about this new condition is utterly beyond comprehension. We can not see why it should not have come in orderly and peaceful methods without the attendant shock of fire and sword and carnage. We only know that it is here. We believe that on the ruins of the old order a better civilization is being constructed.”

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

1920s, Toleration and Liberalism (1925)

War, People, World, Fear

“Our spirits, like our bodies, have requirements for health and growth. Some people don't want to pay the price of developing good spiritual habits.”

Bill Hybels (1951) American writer

Too Busy Not to Pray (2008, InterVarsity Press)

People, Health

“Privatization: Disposing of public sector assets at low prices and high sales commissions to powerful groups and individuals who generously supported the ruling party’s last election campaign. It provides short-run cash windfalls to the government, while weakening its power and its cash flows in the years to come. In the Third World, a means of making valuable assets available to First World creditors and investors at fire sale prices in a situation of virtual state bankruptcy.”

Edward S. Herman (1925–2017) American journalist

Source: Beyond Hypocrisy, 1992, Doublespeak Dictionary (within Beyond Hypocrisy), p. 166.

World, Support

“They may ask why nature or God created such horrible conditions as autism, manic depression, and schizophrenia. However, if the genes that caused these conditions were eliminated there might be a terrible price to pay.”

Temple Grandin (1947) USA-american doctor of animal science, author, and autism activist

NeuroTribes: The Legacy of Autism and the Future of Neurodiversity by Steve Silberman ISBN 978-0-399-18561-8, p. 428

God, Nature

“Comrades, it always affords me much gratification to meet my old comrades in arms of ten or fourteen years ago, and to live over again in memory the trials and hardships of those days. Hardships imposed for the preservation and perpetuation of our free institutions. We believed then, and believe now, that we had a good government, worth fighting for, and, if need be, dying for. How many of our comrades of those days paid the latter price for our preserved Union! Let their heroism and sacrifices be ever green and in our memory. Let not the results of their sacrifices be destroyed. The Union and the free institutions for which they fell, should be held more dear for their sacrifices.”

Ulysses S. Grant (1822–1885) 18th President of the United States

1870s, Speech to the Society of the Army of Tennessee (1875)

Memory, Fight

“Our understanding of how markets and businesses operate was passed down to us more than a century ago by a handful of European economists — Alfred Marshall in England and a few of his contemporaries on the continent. It is an understanding based squarely upon the assumption of diminishing returns: products or companies that get ahead in a market eventually run into limitations, so that a predictable equilibrium of prices and market shares is reached. The theory was roughly valid for the bulk-processing, smokestack economy of Marshall’s day. And it still thrives in today’s economics textbooks. But steadily and continuously in this century, Western economies have undergone a transformation from bulk - material manufacturing to design and use of technology — from processing of resources to processing of information, from application of raw energy to application of ideas. As this shift has occurred, the underlying mechanisms that determine economic behavior have shifted from ones of diminishing to ones of increasing returns.”

W. Brian Arthur (1946) American economist

Arthur, W. Brian. "Increasing Returns and the New World of Business." Harvard business review 74.4 (1996): p. 100

Behavior, Idea, Understanding, Business

“There’s no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U. S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

Ben Bernanke (1953) American economist

"A Crash Course for Central Bankers," http://www.foreignpolicy.com/story/cms.php?story_id=3272 Foreign Policy (September/October 2000)

History

“This is the truth of the matter. In every human being there is a capacity, the capacity for knowledge. And every person - the most knowing and the most limited - is in his knowledge far beyond what he is in his life or what his life expresses. Yet this misrelation is of little concern to us. On the contrary, we set a high price on knowledge, and everyone strives for this knowledge more and more. "But," says the sensible person, "one must be careful about the direction one's knowing takes. If my knowing turns inward, against me, if I do not take care to prevent this, then knowing is the most intoxicating thing there is, the way to become completely intoxicated, since there then occurs an intoxicating confusion between the knowledge and the knower, so that the knower himself will resemble, will be, that which is known. If your knowing takes such a turn and you yield to it, it will soon end with your tumbling like a drunk man into actuality, plunging yourself recklessly into drunken action without giving the understanding and sagacity the time to take into proper consideration what is prudent, what is advantageous, what will pay. This is why we, the sober ones, warn you, not against knowing or against expanding your knowledge, but against letting your knowledge take an inward direction, for then it is intoxicating." This is thieves' jargon. It says that it is one's knowledge that, by taking the inward direction in this way, intoxicates, rather than that in precisely this way it makes manifest that one is intoxicated, intoxicated in one's attachment to this earthly life, the temporal, the secular, and the selfish. And this is what one fears, fears that one's knowing, turned inward, toward oneself, will expose the intoxication there, will expose that one prefers to remain in this state, will wrench one out of this state and as a result of such a step will make it impossible for one to slip back into that adored state, into intoxication. p. 118”

Sören Kierkegaard (1813–1855) Danish philosopher and theologian, founder of Existentialism

1850s, Judge For Yourselves! 1851 (1876)

Life, Truth, Fear, Way

“A price decline is of no real importance to the bona fide investor unless it is either very substantial—say, more than a third from cost—or unless it reflects a known deterioration of consequence in the company's position. In a well-defined bear market many sound common stocks sell temporarily at extraordinary low prices. It is possible that the investor may then have a paper loss of fully 50 per cent on some of his holdings, without any convincing indication that the underlying values have been permanently affected.”

Benjamin Graham (1894–1976) American investor

Source: The Intelligent Investor: The Classic Text on Value Investing (1949), Chapter II, The Investor and Stock-Market Fluctuations, p. 25

Loss

“Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. So it is a great boon that gold or silver are scarce and are costly to increase in supply.
But if government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

"Taking Money Back" http://mises.org/story/2882, in The Freeman (September - October 1995) http://www.fee.org/publications/the-freeman/.

Money, Shoe, Nature, Help

“Does my right hon. Friend not know that it is fatal for any Government or party or person to seek to govern in direct opposition to the principles on which they were entrusted with the right to govern? In introducing a compulsory control of wages and prices, in contravention of the deepest commitments of this party, has my right hon. Friend taken leave of his senses?”

Enoch Powell (1912–1998) British politician

Question http://hansard.millbanksystems.com/commons/1972/nov/06/inflation-government-proposals#column_631 to the Prime Minister Edward Heath in the House of Commons (6 November 1972) 1970s

Sense, Personality

“It has often been said that a reformation should begin with each man reforming himself. That, however, is not what actually happened, for the reformation produced a hero who paid God dearly enough for his position as hero. By joining up with him directly people buy cheap, indeed at bargain prices, what he had paid for so dearly; but they do not buy the highest of all things.”

Sören Kierkegaard (1813–1855) Danish philosopher and theologian, founder of Existentialism

The Present Age, by Søren Kierkegaard, 1846, Dru translation 1962, p. 56-57
1840s, Two Ages: A Literary Review (1846)

God, People

“Paris, 30-7-1843, h. Daumier - I, the undersigned, Honoré Daumier declare to reduce the price of my drawings in lithography, to forty francs the drawing with the condition
1st, that the first 11 stones which I will deliver to 'Charivari' will be paid to me at the old price, that is, fifty francs each.
2° that this reduction will be made to me as long as M Dutacy remains attached to the...'Charivari'; this having been made for the sole purpose of being agreeable to him.”

Honoré Daumier (1808–1879) French printmaker, caricaturist, painter, and sculptor

Quote in a handwritten letter, by Daumier, 30 June, 1843; confirming his agreement with Philipon; from website Daumier http://www.daumier.org/14.0.html#c760 40 Francs for each lithograph; this is one of the few documents, showing the income which Daumier drew from his artistic activity. With this salary he would be able to support a family of four 1840's

Drawing

“Capitalism might be defined, if we wish to be scientific, as a form of economic organization motivated by the pursuit of profit within a price structure.”

Carroll Quigley (1910–1977) American historian

Source: The Evolution of Civilizations (1961) (Second Edition 1979), Chapter 8, Canaanite and Minooan Civilizations, p. 240

Motivation

“My budget includes the largest increase in defense spending in two decades — because while the price of freedom and security is high, it is never too high. Whatever it costs to defend our country, we will pay.”

George W. Bush (1946) 43rd President of the United States

2000s, 2002, State of the Union address (January 2002)

Freedom, Country

“The Entertainment Industry on Planet Earth had decided that in order to acquire Layer 7 Data Security, it was necessary to lock up layers 2, 3, 4, 5, and 6 so that no technological progress could occur without their permission. This was known by the IT Industry and the Consumer Electronics Industry on the planet to be offensive nonsense, but there was no counterweight to it, and there was no organised consumer dissent sufficient to require them to stand up for technical merit and their own right to run their own businesses without dictation from companies a tenth their size. Not surprisingly, since it is part of the role we play in this political power concentrated in poverty, humility, and sanctity, we brought them to a consensus they were unable to bring themselves to - which is represented in the license by a rule which fundamentally says "If you want to experiment with locking down layer below 7 in the pursuit of data networks inside businesses that keep the business's data at home, you may do so freely, we have no objection - not only do we have no objection to you doing it, we've no objection to your using our parts to do it with. But when you use our parts to build machines which control peoples' daily lives - which provide them with education and culture, build devices which are modifiable by them to the same extent that they're modifiable by you. That's all we want. If you can modify the device after you give it to them, then they must be able to modify the device after you give it to them - that's a price for using our parts. That's a deal which has been accepted.”

Eben Moglen (1959) American law professor and free software advocate

Talk titled The Global Software Industry in Transformation: After GPLv3, Edinburgh, Scotland, June 26, 2007 http://www.archive.org/details/EbenMoglenLectureEdinburghJune2007text.

People, Education, Home, Business

“In eight simple ways, my Bill seeks to provide a framework for giving pensioners a decent living standard. First, it would fix old-age pensions for couples at half average industrial earnings, and for single people it would be a third…Secondly, my Bill would require central Government to appoint a Minister responsible for the co-ordination of policy on pensioners. Thirdly, it would require local authorities to produce a comprehensive annual report about their policies on pensioners and on the conditions of pensioners in their communities. Fourthly, every health authority would also be asked to do that. Fifthly, the present anomalous system means that in some parts of the country where there are foresighted Labour local authorities there are concessionary transport schemes — free bus passes. They do not exist in some parts of Britain and the Bill would make them a national responsibility and they would be paid for nationally…My sixth point is one of the most important. It is about the introduction of a flat-rate winter heating allowance instead of the nonsensical system of waiting for the cold to run from Monday to Sunday, and then if it is sufficiently cold a rebate is paid in arrears. Last winter that resulted in many old people living in homes that were too cold because they could not afford to heat them. If they did get any aid, it was far too late. My seventh point concerns the abolition of standing charges on gas, electricity and telephones for elderly people. They are paying about £250 million a year towards the profits of the gas industry and those profits will be about £1.5 billion. Standing charges should be cancelled, unit prices maintained and the cost of the standing charge should be taken from the profits of the gas board or the electricity board — if it ends up being privatised. They could well afford to pay for that rather than forcing old people to live in cold and misery throughout the winter. Finally, the Bill would prohibit the cutting off of gas and electricity in any pensioner household.”

Jeremy Corbyn (1949) British Labour Party politician

Speech http://hansard.millbanksystems.com/commons/1987/dec/01/elimination-of-poverty-in-old-age-etc in the House of Commons (1 December 1987). 1980s

People, Health, Age, Way

“Winning doesn't come cheaply … you have to pay a big price.”

Jeev Milkha Singh (1971) professional golfer

In conversation with Isidore Domnick Mendis http://www.the-south-asian.com/june2002/Jeev_Milkha_Singh.htm, the-south-asian.com (June 2002)

“I feel that I am obligated to my people - that is not pessimism. If I tried to prove that I was innocent, it would be the same as trying to prove that the German people are guilty. Only one innocent man sits in that dock - and that man is the symbol of the German people. An epoch with such happenings as the murder of 5 million Jews, the projective extermination of millions of Slavs - such an epoch must close up definitely once and for all. It cannot go dragging on and on. Those of us who are guilty must pay the price and set the German people free, no longer to be blamed for our stupidity.”

Hans Frank (1900–1946) German war criminal

To Leon Goldensohn, March 16, 1946, from "The Nuremberg Interviews" by Leon Goldensohn, Robert Gellately - History - 2004

People, Stupidity, Feeling

“Better to be cheated by the price than by the merchandise.”

Baltasar Gracián book The Art of Worldly Wisdom

Más vale ser engañado en el precio que en la mercadería.
Maxim 157 (p. 89)
The Art of Worldly Wisdom (1647)

Cheating

“Costly grace is the treasure hidden in the field; for the sake of it a man will gladly go and sell all he has. It is the pearl of great price to by which the merchant will sell all his goods.”

Dietrich Bonhoeffer (1906–1945) German Lutheran pastor, theologian, dissident anti-Nazi

Source: Costly Grace, p. 45.

“Saudi Arabia is in big, big trouble. Now, thanks to fracking and other things, the oil is all over the place. And I used to say it, there are ships at sea, and this was during the worst crisis, that were loaded up with oil, and the cartel kept the price up, because, again, they were smarter than our leaders. They were smarter than our leaders.”

Donald J. Trump (1946) 45th President of the United States of America

2010s, 2015, Presidential Bid Announcement (June 16, 2015)

Sea

“I would rather have as my patron a host of anonymous citizens digging into their own pockets for the price of a book or a magazine than a small body of enlightened and responsible men administering public funds. I would rather chance my personal vision of truth striking home here and there in the chaos of publication that exists than attempt to filter it through a few sets of official, honorably public-spirited scruples.”

John Updike (1932–2009) American novelist, poet, short story writer, art critic, and literary critic

Testimony given before the Subcommittee on Select Education of the House of Representatives Committee on Education and Labor, Boston (January 30, 1978)

Men, Truth, Books, Home

“Independence, the freedom of a self-governing nation, is in my estimation the highest political good, for which any disadvantage, if need be, and any sacrifice are a cheap price.”

Enoch Powell (1912–1998) British politician

Speech at Stockport (8 June 1973), from Simon Heffer, Like the Roman. The Life of Enoch Powell (Phoenix, 1999), p. 669.

Freedom

“The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter VII, p. 69.

Nature

“People should recognize the importance of reasonable pricing rather than looking for bargain basement trips, because safety must be the paramount concern.”

Wang Kwo-tsai politician

Wang Kwo-tsai (2017) cited in " Work hours of tour bus drivers to be cut: MOTC http://focustaiwan.tw/news/asoc/201702200010.aspx" on Focus Taiwan, 20 February 2017

People

“Women of America! You can give and serve and pray. You can give self-denyingly. You can serve lovingly. You can pray conqueringly. The best example of self-denying liberality in the Bible is recorded of woman. The best example of loving service in the Bible is recorded of woman. The best example of conquering prayer in the Bible is recorded of woman. It was no great gift, no great service, no great prayer. The gift was a widow's mite. The service was the anointing of Jesus with a box of ointment. The prayer was a mother's prayer for a daughter possessed with a devil. But the gift and service and prayer were in self-denial and love and faith. And so in the sight of God they were of great price.”

Herrick Johnson (1832–1913) American clergyman

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 617.

Love, Women, God, Faith

“Hayek’s move from economic theory to political philosophy was a natural evolution in his ideas. First, he considered the influence of prices in production. Then he considered the larger question of the role of prices in social life. The conclusion he reached was that law should guarantee to each person a protected sphere within which each could live as much as possible as he pleased. Later in his career, he progressed to the idea that whole societies through their customs, morals, and rules are engaged in macrocompetition, the survivor of which would possess the customs, morals, and rules that are the most materially productive and result in the highest standard of living for the most—the economist’s goal.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

Life, Law, Idea, Question

“I’ll have to learn to snowshoe. I had my first lesson this morning and cut a ludicrous figure. I’ll be virtually a prisoner until I learn my way around. But any price is worth paying to get away from the thought-destroying din and soul-killing routine of the city!”

Fritz Leiber (1910–1992) American writer of fantasy, horror, and science fiction

“Diary in the Snow” (p. 203); originally published in the first edition of Night's Black Agents (1947)
Short Fiction, Night's Black Agents (1947)

Way, Soul, Learning

“When I was six, we moved to the small town of Stratford, about fifteen miles northeast of Wynnewood. My father had worked as a banker, a grain farmer, a fix-it man, and a mechanic. Now he was ready for a new line of work. When I was young, his restless streak seemed perfectly normal. A few years later, I realized that he was an optimistic dreamer, convinced that the next job or business would make us rich. And the fact is that my dad was good at everything he took on. Maybe too good. There wasn't a refrigerator, an outboard motor, a gas or diesel engine that he couldn't repair. If somebody drove over a backfiring John Deere Model 60 tractor to have Ray Franks "take a little look at the damn timing chain," my father would rebuild the engine. And if they'd shaken hands on a price of ten dollars for the job, he would not accept a nickel more, even if he'd spent fifteen dollars on spare parts.”

Tommy Franks (1945) United States Army general

Source: American Soldier (2004), p. 9

Business, Time, Parting

“After all that Richard Nixon had written about how hard work wins the day in America, finally it was Nixon who arranged for me to bypass the old rules. Through the agency of affirmative action, akin to those pivotal narrative devices in Victorian fictions, I had, suddenly, a powerful father in America, like Old Man Kennedy. I had, in short, found a way to cheat. The saddest part of the story is that Nixon was willing to disown his own myth for political expediency. It would be the working-class white kid—the sort he had been—who would end up paying the price of affirmative action, not Kennedys. Affirmative action defined a “minority” in a numerical rather than a cultural sense. And since white males were already numerically “represented” in the boardroom, as at Harvard, the Appalachian white kid could not qualify as a minority. And since brown and black faces were “underrepresented,” those least disadvantaged brown and black Americans, like me, were able to claim the prize of admission and no one questioned our progress.”

Richard Rodríguez (1944) American journalist and essayist

Brown : The Last Discovery of America (2003)

Way, Question, Sense, Parting

“With bowed head and bended knee the poor learned to receive from the rich what was only their due, had they but known it. Years of poverty had ground the spirit of independence right out of them; these wives and mothers were tamed by poverty, they were cowed by it, as their parents had been before them in many cases, and the spirit of servitude was bred in their very bones. And the worst of it was the mischief did not stop at the women—it never does. They set an example of spiritless submission, which their children were only too inclined to follow. Follow it too many of them did, and they and their children are reaping the consequences and paying the price of it today.”

Joseph Arch (1826–1919) British politician

Source: The Story of his Life Told by Himself (1898), p. 18

Women, Children, Parent, Learning

“The spread-the-work schemes, in brief, rest on the same sort of illusion that we have been considering. The people who support such schemes think only of the employment they would provide for particular persons or groups; they do not stop to consider what their whole effect would be on everybody.The spread-the-work schemes rest also, as we began by pointing out, on the false assumption that there is just a fixed amount of work to be done. There could be no greater fallacy. There is no limit to the amount of work to be done as long as any human need or wish that work could fill remains unsatisfied. In a modern exchange economy, the most work will be done when prices, costs, and wages are in the best relations to each other.”

Henry Hazlitt book Economics in One Lesson

Economics in One Lesson (1946), Spread-the-Work Schemes (ch. 8)

People, Support, Thinking, Personality

“Yet, this is a small price I have had to pay for seeking to uphold the freedom of speech and expression.”

Jeet Thayil (1959) Indian writer

On his facing a case filed against him along with three other authors for reading out portions of Salman Rushdie’s Satanic Verses during last year’s lit fest,
Mohammed Iqbal, in: "Jeet Thayil wins DSC Prize for South Asian Literature"

Freedom

“At what price have so many of us come to believe that the economy is the realm of natural order and that the legitimate and competent sphere of policing—of administration and government—lies elsewhere? What flows from that sharp dichotomy between orderliness in the market and ordering in the penal sphere? At what price do we embrace these categories? And here, the answer is equally clear: at the price, first, of naturalizing the market and thereby effectively shielding from normative assessment the regulatory mechanisms in our contemporary markets and the wealth distributions that occur daily; and at the price, second, of easing, facilitating, and enabling the massive expansion of our penal sphere, or, to be more provocative, of making possible mass incarceration today.”

Bernard Harcourt (1963) American academic

Source: The Illusion of Free Markets: Punishment and the Myth of Natural Order (2011), pp. 31-32

Nature, Wealth

“Costs of manufactured articles importantly depend on the cost of raw materials as well as labor, and the prices of many raw materials do not fluctuate directly with the labor cost of producing them.”

Charles Erwin Wilson (1890–1961) American secretary of Defence

Charles E. Wilson cited in: Ernest Dale (1950), Sources of economic information for collective bargaining. p. 36

Dependency

“In the spring of 1920, General Motors found itself, as it appeared at the moment, in a good position. On account of the limitation of automotive production during the war there was a great shortage of cars. Every car that could be produced was produced and could be sold at almost any price. So far as any one could see, there was no reason why that prosperity should not continue for a time at least. I liken our position then to a big ship in the ocean. We were sailing along at full speed, the sun was shining, and there was no cloud in the sky that would indicate an approaching storm. Many of you have, of course, crossed the ocean and you can visualize just that sort of a picture yet what happened? In September of that year, almost over night, values commenced to fall. The liquidation from the inflated prices resulting from the war had set in. Practically all schedules or a large part of them were cancelled. Inventory commenced to roll in, and, before it was realized what was happening, this great ship of ours was in the midst of a terrific storm. As a matter of fact, before control could be obtained General Motors found itself in a position of having to go to its bankers for loans aggregating $80,000,000 and although, as we look at things from today's standpoint, that isn't such a very large amount of money, yet when you must have $80,000,000 and haven't got it, it becomes an enormous sum of money, and if we had not had the confidence and support of the strongest banking interests our ship could never have weathered the storm.”

Alfred P. Sloan (1875–1966) American businessman

Source: Alfred P. Sloan in The Turning Wheel, 1934, p. 185-6; Retrospective vein President Alfred P. Sloan, Jr., addressing the automobile editors of American newspapers at the Proving Ground at Milford, Michigan in 1927.

Money, War, Cars, Confidence

“Terrorism is the price of empire. If we do not wish to pay it, we must give up the empire.”

Patrick Buchanan (1938) American politician and commentator

2000s, Where the Right Went Wrong (2004)

“Our country is wallowing in a miasma of political and class conflict, of greed and special interest, with regard to budget deficits, inflation and rising unemployment, the threats of both a bloody war and a devastating recession. How did we get into this mess? Because the press, during the 1980s committed one of the greatest crimes of the 20th century. The media took a dive, caved in, and did not tell the American people the price they would eventually pay for Reaganomics.”

Carl Rowan (1925–2000) American journalist

while accepting the Allen H. Neuharth Award for Excellence in Journalism from the University of South Dakota in 1990.
Quoington Star article entitled "Has President Nixon Gone Crazy?"

War, People, Country

“But it is clear that the price of labour has no necessary connection with the price of food, since it depends entirely on the supply of labourers compared with the demand.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XVI, Taxes on Wages, p. 141

Food, Dependency

“Ramp hawkers were peddling “methods,” low priced sure-fire theories guaranteed to predict bottle twitches and beat the whole Minimax game. The hawkers were ignored by the hurrying throngs of people; anybody with a genuine system of prediction would be using it, not selling it.”

Philip K. Dick book Solar Lottery

Source: Solar Lottery (1955), Chapter 1 (p. 4)

People, Game

“Mythology is wondrous, a balm for the soul. But its problems cannot be ignored. At worst, it buys inspiration at the price of physical impossibility […]. At best, it purveys the same myopic view of history that made this most fascinating subject so boring and misleading in grade school as a sequential take of monarchs and battles.”

Stephen Jay Gould (1941–2002) American evolutionary biologist

"Baseball and the Two Faces of Janus", p. 259; originally published as "The Virtues of Nakedness" in The New York Review of Books (1990-10-11)
Triumph and Tragedy in Mudville (2003)

School, Soul, History, Problem

“And here I sit so patiently waiting to find out what price you have to pay to get out of going through all these things twice.”

Bob Dylan (1941) American singer-songwriter, musician, author, and artist

Song lyrics, Blonde on Blonde (1966), Stuck Inside of Mobile with the Memphis Blues Again

Waiting

“The price of a stock is strongly influenced by the behavior of the traders in a nontrivial way.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 183.

Way, Behavior

“[T]ruly to escape Hegel involves an exact appreciation of the price we have to pay to detach ourselves from him. It assumes that we are aware of the extent to which Hegel, insidiously perhaps, is close to us; it implies a knowledge, in that which permits us to think against Hegel, of that which remains Hegelian. We have to determine the extent to which our anti-Hegelianism is possibly one of his tricks directed against us, at the end of which he stands, motionless, waiting for us.”

Michel Foucault (1926–1984) French philosopher

Discourse on Language, Inaugural Lecture at the Collège de France, 1970-1971. tr. A. M. Sheridan Smith

Knowledge, Thinking, Waiting

“Question: …you believe the Fed shouldn't exist… make the case.
Ron Paul: First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value. This station talks about free market capitalism, and you can't have free market capitalism if you have a secret bank creating money and credit out of thin air. They become the central planners, they decide what interest rates should be, what the supply of money should be…
Question: How does the gold standard solves that?
Ron Paul: It maintains a stable currency and a stable value. If the Fed concentrated more on stable money rather than stable prices… They push up new money in stocks and in commodities and in houses, and then they have to come in to rescue the situation. They create the bubbles, then they come in and rescue it, and they do nothing more than try to do price fixing. Capitalism depends, and capital comes from savings, but there's no savings in this country, so this is all artificial. It creates the misdirection and the malinvestment and all the excessive debt, and it always has to have a correction. Since the Fed has been in existence, the dollar has lost about 97% of its value. You're supposed to encourage savings, but if something loses its value, why save dollars? There's no encouragement whatsoever. […] Gold is 6000 years old, and it still maintains its purchasing power. Oil prices really are very stable in terms of Gold. […] Both conservatives and liberals want to enhance big government, and this is a seductive way to tax the middle class.”

Ron Paul (1935) American politician and physician

CNBC debate with Faiz Shakir, March 20, 2008 http://www.youtube.com/watch?v=k94VWPjUQSM 2000s, 2006-2009

Money, Secret, Way, Question

“Starting in 1918 at General Motors I found to my surprise] that if I followed the prevailing practice of intercorporate relations I would no longer be able to determine the rate of return on investment for these accessory divisions individually or as a group. This would necessarily mean that I would lose some degree of managerial control over my area of operations. At that time, material within General Motors was passing from one operating division to another at cost, or at cost plus some predetermined percentage. My divisions in the United Motors Corporation had sold both to outside customers and to their allied divisions at the market price. I knew that I operated a profit-making group, and I wished to continue to be able to demonstrate this performance to the general management, rather than to have my operating results on interdivisional business swallowed up in the extra bookkeeping profits of some other division. It was a case of keeping the information clear.”

Alfred P. Sloan (1875–1966) American businessman

Source: My Years with General Motors, 1963, p. 48

Business, Time

“I expect one of the prices we pay for democracy is there are going to be differences. We pay a price but we get something very important in return.”

Robert F. Kennedy (1925–1968) American politician and brother of John F. Kennedy

Speaking on his support for President Johnson in the upcoming presidential election (17 March 1967), as quoted in "I'll Campaign For Johnson," Says Kennedy" http://archives.chicagotribune.com/1967/03/18/page/39/article/ill-campaign-for-johnson-says-kennedy

Democracy

“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 (1965–2009) Norwegian computer programmer

Re: ...and even for those _NOT_ interested... http://groups.google.com/group/comp.lang.lisp/msg/8ff1b48135b78862 (Usenet article). Usenet articles, Miscellaneous

Money, Loss