Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: TideGlider who wrote (615368)	8/31/2004 10:45:12 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Adam Smith noted "there's no art which government sooner learns than that of draining money from the pockets of the people. ----------------------------------------- Judge Learned Hand of the U.S. Court of Appeals in New York in a memorable tax case dissent, offered these timeless remarks: "There is nothing sinister in arranging one's affairs so as to keep taxes as low as possible... nobody owes any public duty to pay more than the law demands. Taxes are enforced extractions, not voluntary contributions." [IRS Com. v. Newman, 159 F2d 848, 851 (2nd Cir 1947)] ----------------------------------------- "The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists." - Ernest Hemmingway ---------------------------------------- Paper money is a great aid to politicians. It makes it possible for them, said President Herbert Hoover, to confiscate "the savings of the people by manipulation of inflation and deflation." "We have gold," Hoover added, "because we cannot trust governments." ---------------------------------------- "The gold standard acted as a silent watchdog to prevent unlimited public spending," said Howard Buffett, Warren's dad, when he was a U.S. Congressman back in the 1940s. "I can find no evidence to support a hope that our fiat paper money venture will fare better ultimately than such experiments in other lands. Because of our economic strength the paper money disease here may take many years to run its course...But we can be approaching the critical stage. When that day arrives, our political rulers will probably find that foreign war and ruthless regimentation is the cunning alternative to domestic strife." ---------------------------------------- "If you give me a trillion dollars, I can show you a good time, too," - Warren Buffett. ---------------------------------------- Or, how about this? For the Great Seal of the United States the new Congress went all the way back to the Roman poet Virgil: Novus Ordo Seclorum" – "a new age now begins."