Curmudgeonalia
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July 26, 2008

On "progressive" Democrat ideas for the "welfare" of the U.S.

“The mission launched by many governments—to replicate the Silicon Valley experience—is a fool’s errand. The social networks that form are key; capital chases smart people connected to other smart people. Wealth is created when those dollars and networks combust. The best strategy is to eliminate the underbrush of tax and regulatory disincentives that inhibit productive economic activity generally. Or somewhat more ambitiously, create a Stanford University and let the graduate students figure out the rest.”
Junfu Zhang (economist)

“Half the harm that is done in this world is due to people who want to feel important. They don’t mean to do harm--but the harm does not interest them. Or they do not see it, or they justify it because they are absorbed in the endless struggle to think well of themselves.”
T.S. Eliot

"Entrepreneurship is all about creating new wealth while tax redistribution is premised on the assumption that resources are static and the collateral damage from tax hikes is no more than the cost of ear plugs to block out the whining at the country club."
Thomas Sowell

“A great deal of intelligence can be invested in ignorance when the need for illusion is great.”
Saul Bellow

Posted by The Curmudgeon at July 26, 2008 5:03 PM

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