Quotes about rating
page 5

Adair Turner, Baron Turner of Ecchinswell photo

“In the second half of the twentieth century, the idea became increas ingly dominant that attaining a superior growth rate and thus increased prosperity should be the central objective of public policy.”

Adair Turner, Baron Turner of Ecchinswell (1955) British businessman

Source: Economics after the crisis : objectives and means (2012), Ch. 1 : Economic Growth, Human Welfare, and Inequality

Roger Ebert photo
U.G. Krishnamurti photo
Warren Buffett photo
Alan Greenspan photo

“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”

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

February 2004 http://www.startribune.com/nation/12598281.html, in a speech praising the benefits of adjustable-rate mortgages.
2000s

Willem de Sitter photo
Warren Buffett photo
Josh Billings photo
Max Weber photo
L. Ron Hubbard photo

“The nature of this trade, certainly not the most honourable in the world, affords room for much investigation and remark in a moral or humane point of view: in a political or commercial light it is perhaps less conspicuously an object of attention. It consists chiefly of commodities that are considered as holding a first rate place in the animal and the mineral world, for which in return the Africans receive the most rascally articles that the ingenuity of Europeans has found means to produce. In return to our fellow creatures, for gold, and for ivory, we exchange the basest of those articles that are suited to the taste or the fancy of a despicable set of barbarians. Whether the spirituous liquirs or the fire-arms that are sent there are most calculated for the destruction of the purchasers, might become a question not very easy to determine. The noxious quality of the one is at least equalled by the danger of attending the use of the other. There does not seem to be that regard to honour in this trade, which ought to make part of the nice character of the English merchant, unimpeachable, unimpeached, upon the 'Change of London or of Amsterdam. It seems as if we kept our honour for ourselves, and that with those barbarians (who are more our inferiors in address and cunning, than perhaps in any thing else) no honour, humanity, or equity, were at all necessary.”

William Playfair (1758–1824) British mathematician, engineer and political economist

Observations on the Trade to Africa, Chart XVI, page 65.
The Commercial and Political Atlas, 3rd Edition

John Ogilby photo
Enver Hoxha photo
Calvin Coolidge photo
Friedrich Hayek photo
Alan Greenspan photo
Haruki Murakami photo
Bill James photo
Jean de La Bruyère photo

“One mark of a second-rate mind is to be always telling stories.”

Aphorism 52
Les Caractères (1688), Des jugements

Honoré de Balzac photo

“Music is of two kinds: one petty, poor, second-rate, never varying, its base the hundred or so phrasings which all musicians understand, a babbling which is more or less pleasant, the life that most composers live.”

Honoré de Balzac (1799–1850) French writer

Il y a deux musiques: une petite, mesquine, de second ordre, partout semblable à elle-même, qui repose sur une centaine de phrases que chaque musicien s'approprie, et qui constitue un bavardage plus ou moins agréable avec lequel vivent la plupart des compositeurs.
Massimilla Doni http://fr.wikisource.org/wiki/Massimilla_Doni (1839), translated by Clara Bell and James Waring

Enoch Powell photo
Edsger W. Dijkstra photo

“I think of the company advertising "Thought Processors" or the college pretending that learning BASIC suffices or at least helps, whereas the teaching of BASIC should be rated as a criminal offence: it mutilates the mind beyond recovery.”

Edsger W. Dijkstra (1930–2002) Dutch computer scientist

Dijkstra (1984) Source: The threats to computing science http://www.cs.utexas.edu/users/EWD/transcriptions/EWD08xx/EWD898.html (EWD898).
1980s

Aldo Leopold photo

“How would you like to have a thousand brilliantly colored cliff swallows keeping house in the eaves of your barn, and gobbling up insects over your farm at the rate of 100,000 per day? There are many Wisconsin farmsteads where such a swallow-show is a distinct possibility.”

Aldo Leopold (1887–1948) American writer and scientist

"Cliff Swallows to Order" [1944]; Published in For the Health of the Land, J. Baird Callicott and Eric T. Freyfogle (eds.), 1999, p. 119.
1940s

Frank Bunker Gilbreth, Sr. photo
Calvin Coolidge photo

“It has been in accordance with these principles that we have made generous settlements of our foreign debts. The little sentiment of "live and let live" expresses a great truth. It has been thought wise to extend the payment of our debts over a long period of years, with a very low rate of interest, in order to relieve foreign peoples of the burden of economic pressure beyond their capacity to bear. An adjustment has now been made of all these major obligations, and they have all but one been mutually ratified. The moral principle of the payment of international debts has been preserved. Every dollar that we have advanced to these countries they have promised to repay with some interest. Our National Treasury is not in the banking business. We did not make these loans as a banking enterprise. We made them to a very large extent as an incident to the prosecution of the war. We have not sought to adjust them on a purely banking basis. We have taken into consideration all the circumstances and the elements that attended the original transaction and all the results that will probably flow from their settlement. They have been liquidated on this broad moral and humanitarian basis. We believe that the adjustments which have been made will be mutually beneficial to the trade relations of the countries involved and that out of these economic benefits there will be derived additional guaranties to the stability and peace of the world.”

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

1920s, Ways to Peace (1926)

Tom Tancredo photo

“Since human beings are highly adaptable it may be possible for an individual with any sort of competence to learn, in the end, according to any teaching strategy. But the experiments show, very clearly indeed, that the rate, quality and durability of learning is crucially dependent upon whether or not the teaching strategy is of a sort that suits the individual”

Gordon Pask (1928–1996) British psychologist

Source: Learning Strategies and Individual Competence (1972), p. 221 as cited in: Nigel Ford (2000) " Cognitive Styles and Virtual Environments http://docis.info/docis/lib/tian/rclis/dbl/jamsis/(2000)51%253A6%253C543%253ACSAVE%253E/advertising.utexas.edu%252Fvcbg%252Fhome%252FFord00.pdf" in: Journal of the American Society for Information Science. Vol 51, Is. 6, p. 543–557.

Calvin Coolidge photo
Samuel Butler photo
Henry Campbell-Bannerman photo
Bertram Ramsay photo

“Our task in conjunction with the Merchant Navies of the United Nations, and supported by the Allied Air Forces, is to carry the Allied Expeditionary Force to the Continent, to establish it there in a secure bridgehead and to build it up and maintain it at a rate which will outmatch that of the enemy. Let no one underestimate the magnitude of this task.”

Bertram Ramsay (1883–1945) Royal Navy admiral

Special Order of the Day http://heritagecalling.com/2014/06/04/70-years-on-the-remains-of-operation-neptune/, 31 May 1944 by Admiral Sir Bertram Ramsay KCB, KBE, MVO, Allied Naval Commander-in-Chief, Operation Neptune

Gregory Scott Paul photo
Jonah Goldberg photo
Jack Vance photo
Will Eisner photo
Francis Escudero photo
Lawrence H. Summers photo

“No free country will ever again have anything like the 90 percent tax rates that we had in this country. Past a certain point, high marginal tax rates are, indeed, terribly destructive.”

Lawrence H. Summers (1954) Former US Secretary of the Treasury

David Wessel, The Wall Street Journal (April 5, 1998) "Rich now pay more in taxes", Mobile Register, p. F1.
1990s

Stanley Baldwin photo

“In this great problem which is facing the country in years to come, it may be from one side or the other that disaster may come, but surely it shows that the only progress that can be obtained in this country is by those two bodies of men—so similar in their strength and so similar in their weaknesses—learning to understand each other, and not to fight each other…we are moving forward rapidly from an old state of industry into a newer, and the question is: What is that newer going to be? No man, of course, can say what form evolution is taking. Of this, however, I am quite sure, that whatever form we may see…it has got to be a form of pretty close partnership, however that is going to be arrived at. And it will not be a partnership the terms of which will be laid down, at any rate not yet, in Acts of Parliament, or from this party or that. It has got to be a partnership of men who understand their own work, and it is little help that they can get really either from politicians or from intellectuals. There are few men fitted to judge, to settle and to arrange the problem that distracts the country to-day between employers and employed. There are few men qualified to intervene who have not themselves been right through the mill. I always want to see, at the head of these organisations on both sides, men who have been right through the mill, who themselves know exactly the points where the shoe pinches, who know exactly what can be conceded and what cannot, who can make their reasons plain; and I hope that we shall always find such men trying to steer their respective ships side by side, instead of making for head-on collisions.”

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

Speech http://hansard.millbanksystems.com/commons/1925/mar/06/industrial-peace in the House of Commons (6 March 1925).
1925

William Paley photo

“It is at any rate evident, that a large and ample province remains for the exercise of Providence, without its being naturally perceptible by us; because obscurity, when applied to the interruption of laws, bears a necessary proportion to the imperfection of our knowledge when applied to the laws themselves, or rather to the effects which these laws, under their various and incalculable combinations, would of their own accord produce. And if it be said, that the doctrine of Divine Providence, by reason of the ambiguity under which its exertions present themselves, can be attended with no practical influenceupon our conduct; that, although we believe ever so firmly that there is a Providence, we must prepare, and provide, and act, as if there were none; I answer, that this is admitted: and that we further allege, that so to prepare, and so to provide, is consistent with the most perfect assurance of the reality of a Providence; and not only so, but that it is probably one advantage of the present state of our information, that our provisions and preparations are not disturbed by it. Or if it be still asked, Of what use at all then is the doctrine, if it neither alter our measures nor regulate our conduct? I answer again, that it is of the greatest use, but that it is a doctrine of sentiment and piety, not (immediately at least) of action or conduct; that it applies to the consolation of men's minds, to their devotions, to the excitement of gratitude, the support of patience, the keeping alive and the strengthening of every motive for endeavouring to please our Maker; and that these are great uses.”

William Paley (1743–1805) Christian apologist, natural theologian, utilitarian

Source: Natural Theology (1802), Ch. 26 : The Goodness of the Deity.

Jeremy Corbyn photo

“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

Nigel Short photo

“It is curious that it is far easier to maintain a high "manners" rating if, like Kasparov, you simply don't speak to anyone. I still have much to learn from the great man…”

Nigel Short (1965) British chess player and writer

From his current personal profile at ChessBase Internet server, where he uses to play blitz. (08/05/2008)

William Stanley Jevons photo
Ann Coulter photo
George Macartney photo
Calvin Coolidge photo
Martin Luther King, Jr. photo
Prasanta Chandra Mahalanobis photo
Emily Brontë photo
Chinua Achebe photo
Eugène Delacroix photo
Bernie Sanders photo
Peter Sloterdijk photo

“The evidence introduced for political pessimism; the criminal, the lunatic, and the asocial individual, in a word, the second-rate citizen —these are not by nature as one finds them now but have been made so by society. It is said that they have never had a chance to be as they would be according to their nature, but were forced into the situation in which they find themselves through poverty, coercion, and ignorance. They are victims of society.
This defense against political pessimism regarding human nature is at first convincing. It possesses the superiority of dialectical thinking over positivistic thinking. It transforms moral states and qualities into processes. Brutal people do not “exist,” only their brutalization; criminality does not “exist,” only criminalization; stupidity does not “exist,” only stupefaction; self-seeking does not “exist,” only training in egoism; there are no second-rate citizens, only victims of patronization. What political positivism takes to be nature is in reality falsified nature: the suppression of opportunity for human beings. Rousseau knew of two aids who could illustrate his point of view, two classes of human beings who lived before civilization and, consequently, before perversion: the noble savage and the child. Enlightenment literature develops two of its most intimate passions around these two figures: ethnology and pedagogy.”

Peter Sloterdijk (1947) German philosopher

(describing Rousseau’s philosophy) p. 55
Kritik der zynischen Vernunft [Critique of Cynical Reason] (1983)

Rachel Marsden photo
Ron Paul photo

“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

Donald J. Trump photo
Alfred P. Sloan photo
Arnold Toynbee photo
Christopher Hitchens photo
David Attenborough photo
Edward Heath photo
Nicholas D. Kristof photo
William H. McNeill photo
Ray Kurzweil photo

“The twentieth century was like twenty years' worth of change at today's rate of change.”

Ray Kurzweil (1948) Author, scientist, inventor, and futurist

"The Singularity," The New Humanists: Science at the Edge (2003)

Edward Heath photo

“Virtually every chemical reaction in a cell occurs at a significant rate only because of the presence of enzymes.”

Albert L. Lehninger (1917–1986) American biochemist

Principles of Biochemistry, Ch. 1 : The Foundations of Biochemistry

Michel Foucault photo

“There can be no doubt that the existence of public tortures and executions were connected with something quite other than this internal organization. Rusche and Kirchheimer are right to see it as the effect of a system of production in which labour power, and therefore the human body, has neither the utility nor the commercial value that are conferred on them in an economy of an industrial type. Moreover, this ‘contempt’ for the body is certainly related to a general attitude to death; and, in such an attitude, one can detect not only the values proper to Christianity, but a demographical, in a sense biological, situation: the ravages of disease and hunger, the periodic massacres of the epidemics, the formidable child mortality rate, the precariousness of the bio-economic balances – all this made death familiar and gave rise to rituals intended to integrate it, to make it acceptable and to give a meaning to its permanent aggression. But in analysing why the public executions survived for so long, one must also refer to the historical conjuncture; it must not be forgotten that the ordinance of 1670 that regulated criminal justice almost up to the Revolution had even increased in certain respects the rigour of the old edicts; Pussort, who, among the commissioners entrusted with the task of drawing up the documents, represented the intentions of the king, was responsible for this, despite the views of such magistrates as Lamoignon; the number of uprisings at the very height of the classical age, the rumbling close at hand of civil war, the king’s desire to assert his power at the expense of the parlements go a long way to explain the survival of so severe a penal system.”

Source: Discipline and Punish (1977), pp. 51

Michael Hudson (economist) photo
Lil Wayne photo
Cesare Pavese photo
Henry Kissinger photo

“Wherever a lessening of population pressures through reduced birth rates can increase the prospects for such stability, population policy becomes relevant to resource supplies and to the economic interests of the United States.”

Henry Kissinger (1923–2023) United States Secretary of State

National Security Study Memorandum 200. Adapted as policy by President General Ford originally classified. https://en.wikipedia.org/wiki/National_Security_Study_Memorandum_200
1970s

A. R. Rahman photo
Lew Rockwell photo
Samuel Butler photo
John P. Kotter photo
Christopher Hitchens photo
Ha-Joon Chang photo

“There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.”

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 7, There is inflation and there is inflation, p. 150

Benjamin Graham photo

“Both a priori reasoning and experience teach us that as as these funds grow larger the geometrical rate of growth by compound interest ultimately defeats itself.”

Benjamin Graham (1894–1976) American investor

Part II, Chapter VIII,Ultimate Uses of the Stored Units, p. 103
Storage and Stability (1937)

Robert A. Heinlein photo
Billy Connolly photo
Stanley Baldwin photo
Joseph Chamberlain photo
Manfred F.R. Kets de Vries photo
Friedrich Hayek photo

“On the scale on which [tax cutting] is being tried, I'm a little apprehensive. I'm all for reduction of government expenditures but to anticipate it by reducing the rate of taxation before you have reduced expenditure is a very risky thing to do.”

Friedrich Hayek (1899–1992) Austrian and British economist and Nobel Prize for Economics laureate

in "Business People; A Nobel Winner Assesses Reagan", The New York Times (1 December 1982)
1980s and later