— The Lessons of History P. 79 All deductions having been made, democracy has done less harm, and more good, than any other form of government. It gave to human existence a zest and camaraderie that outweighed its pitfalls and defects. It gave to thought and science and enterprise the freedom essential to other operation
Tag: Politics
Americans know how it works, too. A politician plays to the masses to get votes. But he plays to the Establishment to get money …
— Bill Bonner Diary 9/1/2016 Americans know how it works, too. A politician plays to the masses to get votes. But he plays to the Establishment to get money. Their pockets full of nearly-free money provided by the Fed, rich and powerful insiders line up behind Ms. Clinton. That’s because they know she is someone
“The problem with democracy,” we explained to a friend yesterday, as she looked at her watch and hoped her phone would ring, “is a matter of scale” …
– Bill Bonner Diary May 12, 2016 The problem with democracy,” we explained to a friend yesterday, as she looked at her watch and hoped her phone would ring, “is a matter of scale.” “We see the New England town meeting as a model,” we explained. “It’s a democracy that seems to work plausibly well.
More people are going to want money paid out for a lot longer… from an account that has no money in it. No amount of financial smoke and mirrors will prevent the system from collapsing under its own weight
Palm Beach Letter April 2016 There are no real assets in the Social Security trust fund. Now, add a couple of more problems to the mix. Social Security has had two problems from the start. The first is retirement age. When the government designed the program in 1935, it set the retirement age at 65.
The main problem in any democracy is that crowd pleasers are generally brainless swine who can go out on a stage and whup up their supporters into an orgiastic frenzy – then go back to the office and sell every one of the poor bastards down the tube for a nickel apiece
Hunter S. Thompson The main problem in any democracy,” wrote Hunter S. Thompson in a lucid moment, “is that crowd pleasers are generally brainless swine who can go out on a stage and whup up their supporters into an orgiastic frenzy – then go back to the office and sell every one of the poor
The great political satirist H.L. Mencken called elections an “auction sale of stolen goods.”
The great political satirist H.L. Mencken called elections an “auction sale of stolen goods.”