free enterprise: Jay's Tuesday Free Enterprise Quote - 10 December 2013 - 12/10/13 04:34 AM
"Health Savings accounts (HSAs) are like personal savings accounts, but the money in them is used to pay for health care expenses. You own and control the money in your health savings account. The money you deposit into the account is not taxed. HSAs and high-deductible health care plans were created as a way to help control health care costs. The idea is that people will spend their health care dollars more wisely if they're using their own money. In addition, doctors and other health care providers will have an incentive to lower their rates because they are
free enterprise: Jay's Tuesday Free Enterprise Quote - 3 December 2013 - 12/03/13 03:37 AM
"I place economy among the first and most important virtues and public debt as the greatest of dangers to be feared. We must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude."
Thomas Jefferson (1743 - 1826)
In the profusion of gubment debt, particularly over the last five or six years or so, what has been our (and by "our" I mean the people) choice? Have we had a choice? Do we have a choice?
Don't tell me that
free enterprise: Jay's Tuesday Free Enterprise Quote - 26 November 2013 - 11/26/13 01:20 AM
"There is one, and only one, social responsibility of business - to engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud."
Milton Friedman (1912 - 2006) Much is said of the "social responsibilities" that businesses should be cognizant of and pertain to. But the ultimate goal of business is to make enough profit to stay alive! And to return its excess profits to its ownership - stock and bond holders and/or the business
free enterprise: Jay's Tuesday Free Enterprise Quote - 19 November 2013 - 11/19/13 02:20 AM
PRINTED IN ANOTHER FORUM, THIS IS A VERY POPULAR POST THAT I THOUGHT I WOULD SHARE HERE.
Friday, November 15, 2013 Do You Recognize What's Happening To Freedom?
"The harm done by ordinary criminals, murderers, gangsters, and thieves is negligible in comparison with the agony inflicted upon human beings by the professional do-gooders, who attempt to set themselves up as gods on earth and who would ruthlessly force their views on all others - with the abiding assurance that the end justifies the means."
Henry Grady Weaver (1889 - 1949)
from The Mainstream of Human Progress Reprinted in 1953, The
free enterprise: Jay's Tuesday Free Enterprise Quote - 22 October 2013 - 10/22/13 02:34 AM
"The great blessing of private property, then, is that people can benefit from their own industry and insulate themselves from the negative effects of others' actions. It is like a set of invisible mirrors that surround individuals, households, or firms, reflecting back on them the consequence of their acts. The industrious will reap the benefits of their industry; the frugal the consequences of their frugality; the improvident and the profligate likewise. They receive their due, which is to say they experience justice as a matter of routine."
Tom Bethell This is another way of saying that we reap
free enterprise: Jay's Tuesday Free Enterprise Quote - 8 October 2013 - 10/08/13 02:11 AM
"And so, in one case," said he, "I once got a flogging for not deciding correctly. The case was like this: a big boy with a little tunic, finding a little boy with a big tunic on, took it off him and put his own tunic on him, while he himself put on the other larger one. So, when I tried their case, I decided that it was better for them both that each should keep the tunic that fitted him. And thereupon the master flogged me, saying that when I was a judge of a good fit, I should do
free enterprise: Jay's Tuesday Free Enterprise Quote - 1 October 2013 - 10/01/13 02:23 AM
In economics it's said there is no such thing as a free lunch.
Well, there might just be such a thing as free college courses!
In past years Hillsdale College of Michigan has offered free, on-line courses on the United States Constitution.
Yes, they were free! And they are still offered if you want to take them. I HIGHLY recommend them!
I have said for a long time that before people can vote they must pass an annual test on the U. S. Constitution. While perhaps tongue in cheek, there is a lot of truth there. Why should people ignorant
free enterprise: Jay's Tuesday Free Enterprise Quote - 24 September 2013 - 09/24/13 03:46 AM
"Wherever there's cheese, work there."
Probably sound advice!
In a free-market sense, in a free-enterprise sense, it takes a whole lot of market organization and activity to produce cheese!
Cheese is universally produced and eaten.
It is imported by virtually every country in the world, and exported by many.
Its production is local and regional. It comes in over 500 types. Its color can be altered. And it's produced from cows, buffalo, goats and sheep. Certainly it's nutritious and delicious. It is used by itself and in all sorts of recipes from appetizers to entrees to desserts.
free enterprise: Jay's Tuesday Free Enterprise Quote - 17 September 2013 - 09/17/13 04:13 AM
"A government which robs Peter to pay Paul can always depend on the support of Paul."
George Bernard Shaw (1856-1950)
It might be unusual to quote a committed socialist like Mr. Shaw in a free enterprise blog, but he did finally come to this realization later in life.
His life was spent writing novels and plays about the wonders of socialism, and the inexorable rise of the proletariat as the masses march toward utopia.
His disappointment grew however as he saw how history unfolded. He was particularly affected by World War I.
In a play written just following that war, Heartbreak
free enterprise: Jay's Tuesday Free Enterprise Quote - 10 September 2013 - 09/10/13 04:05 AM
"So long as entrepreneurs are considered parasites and the beneficiaries of their efforts seethe in indignation, the poverty of the envious classes can only deepen."
Foundation for Economic Education
That's a pretty strong statement!
Entrepreneurs are as essential to the economy as the other factors of production - land, labor and capital! When the economic system does not allow and promote each factor's contribution, the system is not in sync and cannot produce efficiently.
And when one of the factors of production is trashed by the Two Legs, and the class-envy flames are stoked, well, good luck to it and
free enterprise: Jay's Tuesday Free Enterprise Quote - 3 September 2013 - 09/03/13 04:40 AM
Are These Dueling Quotes?
As regards what even the least desirable person enjoys in a developed society, "We consider what a variety of labour is employed about each of them, we shall be sensible that without the assistance and cooperation of many thousands, the very meanest person in a civilized country could not be provided for."
Adam Smith (1723-1790)
from The Theory of Moral Sentiments
Ayn Rand suggests that only a few really contribute to the development of society, "The innovators lift the whole of a free society to the level of their own achievements. The man at the top of the
free enterprise: Jay's Tuesday Free Enterprise Quote - 28 August 2013 - 08/28/13 02:51 AM
"Money is not an invention of the state. It is not the product of a legislative act."
Carl Menger (1840 - 1921)
Founder of the Austrian School of Economics
What is money? We all know that the classic definition of money is something used as a medium of exchange, such as coin and paper.
But those coins and paper can only be used when they are accepted by both parties in the transaction. If I write "$ One Dollar $ " on a piece of paper and try to spend it, it could act as money only if it was to be
free enterprise: Jay's Tuesday Free Enterprise Quote - 20 August 2013 - 08/21/13 04:25 AM
"If we cannot return to fiscal integrity because the public prefers profusion and prodigality over balanced budgets, we cannot escape paying the price, which is ever lower incomes and standards of living for all."
Hans Sennholz (1922-2007)
The hard-to-understand, but perfect, word prodigality is derived from the word prodigal, as in the Parable of the Prodigal Son, and refers to lavishness.
Well, lavishness has certainly been the order of the day these past few years!
Despite tweaking statistics with measurements heretofore unknown to try to make things look better, we are in an era of unprecedented spending and deficits, debt and
free enterprise: Jay's Tuesday Free Enterprise Quote - 6 August 2013 - 08/06/13 02:12 AM
"The five essential entreprenuerial skills for success are concentration, discrimination, organization, innovation and communication."
Michael Faraday (1791-1867)
The well respected British scientist Michael Faraday would know about all those characteristics of an entrepreneur.
Despite little formal education, he became one of the most influential scientists in history. Albert Einstein is said to have had a picture of Faraday in his study. His contributions to the fields of electromagnetism, electrolysis and electrochemistry are well known and held in the highest regard.
Even though his mathematical abilities only approached the simplest algebra, he was able to simply and clearly explain his ideas. Later
free enterprise: Jay's Tuesday Free Enterprise Quote - 30 July 2013 - 07/30/13 05:44 AM
"Results are obtained by exploiting opportunities, not by solving problems."
Peter Drucker (1909-2005)
Exploit is a good word. Often used in a negative context, it is not a negative word at all.
Oxford says exploit means "to make good use of a resource." It comes from the Latin word explicare, meaning "to unfold, to progress."
So, if there are difficulties, even the kind of planned chaos and difficulties as we are experiencing now, we need to unfold a better way, and progress through the exploitation of opportunities.
We need leadership that is not "I" oriented, does not flatter certain groups and
free enterprise: Jay's Tuesday Free Enterprise Quote - 23 July 2013 - 07/23/13 06:53 AM
"There is only one boss. The customer. He can fire everybody in the company from the chairman on down, simply by spending his money somewhere else."
Sam Walton (1918 - 1992)
From the book "Made In America"
More or less an autobiography, Sam Walton's book, Made In America, is also a treatise on his personal business philosophy. That photo is from his high school yearbook. His graduating class voted him "The Most Versatile Boy."
And he was! In business he did it differently than the competition.
I can save you a lot of time. One overriding thesis in the book
free enterprise: Jay's Tuesday Free Enterprise Quote - 16 July 2013 - 07/17/13 04:31 AM
"Capital isn't scarce; vision is."
Sam Walton (1918-1992)
In economics, the word "capital" can mean many things.
It does not necessarily mean money. As a home inspector my capital includes my inspection experience and knowledge, coupled with useful tools.
But what did Mr. Walton mean when he used the word capital?
Long-term assets, or "fixed" assets - land, labor and capital, some of the factors of production? Seed capital? Investment capital? How about venture capital?
I think he is probably referring to the whole ball of wax, everything it takes to start a business.
After all, he had experience doing that.
free enterprise: Jay's Tuesday Free Enterprise Quote - 9 July 2013 - 07/09/13 03:23 AM
"We have more than a century of experience to show that ever bigger, ever more expensive, ever more intrusive government simply doesn't work. Big government has not eliminated or even significantly reduced poverty. It has not made our health care or retirement systems better. It has not improved education. It has not solved any of the myriad problems out society faces. Indeed, more often than not it has made those problems worse."
Michael D. Tanner
Senior Fellow, Cato Institute
So, answer please, why do we, and I say "we" as a citizenry, why do we continue to elect and/or desire "leaders" who
free enterprise: Jay's Tuesday Free Enterprise Quote - 2 July 2013 - 07/02/13 03:18 AM
"The road to a higher wage level is through savings and investment in the tools of production. There is no other."
W. M. Curtiss (1904-1979)
Where do wages come from? A business or a job.
What's the only way out of poverty? A business or a job.
What is the creator of most businesses or jobs? The small businessman - the entrepreneur.
When Dr. Curtiss says "tools of production," he means what our economic textbooks would call the "factors of production."
The factors of production are what make up economies - land, labor, capital and entrepreneurs.
If a gubment wants to
free enterprise: Jay's Tuesday Free Enterprise Quote - 25 June 2013 - 06/25/13 04:06 AM
"I'm putting in a double receptacle with its own 20amp circuit. This is the front desk and they will probably need the extra coverage. And I want them to feel like they are getting a little more for their money than they expected."
The Electrician Guy
A doctor friend of mine asked me to stop by and have a look at his new office as construction was still going on. I did it as a favor.
The electrician was working on another receptacle but the circuitry had already been finished and wired.
When I asked him if he was putting in