Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.

Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.

Don't you think you're just rearranging deck chairs on the Titanic?

The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt.

I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent.

This paper was one of my digressions into abstract economics.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

It's insane to try to balance the budget.

There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.

Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life.

Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

The nominal budget is a poor indicator of the impact of government outlays and revenues.

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.

The present contains nothing more than the past, and what is found in the effect was already in the cause.

Although Alchemy has now fallen into contempt, and is even considered a thing of the past, the physicain should not be influenced by such judgements.

I do like to drive fast and I have gotten pulled over in the past. I use my skills to get out of tickets.

You learn from a conglomeration of the incredible past - whatever experience gotten in any way whatsoever.

The best prophet of the future is the past.

Some of the best lessons we ever learn are learned from past mistakes. The error of the past is the wisdom and success of the future.

Philosophy finds it an easy matter to vanquish past and future evils, but the present are commonly too hard for it.

Historians tell the story of the past, novelists the story of the present.

You can also make explicit certain social problems which, again, would be prejudged or not encountered at all in real life, because people have set up defenses against it. Fantasy allows you to get past defenses.

America is false to the past, false to the present, and solemnly binds herself to be false to the future.

Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.

Terrorism, ladies and gentlemen, in my eyes I have a very, very, very simple explanation. Gangs of criminals, killers, used unfortunately by certain governments in the past for political purposes, who are on their own now as gangs.

In the past 3-4 years I've developed a habit of keeping numerous small cassette recorders in my house and in a bag with me so that I'm able to commit to tape memory song ideas on a constant basis.

By this time it was past six, and the enemy's van and ours were at too great a distance to engage, I perceived some of their ships stretching to the northward; and I imagined they were going to form a new line.

Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.

I mean that at least 80% of the Russian people feel destitute. It's the people who had their past and future taken from them - they don't get paid - many of them face a wall. They have nowhere to go.

They spend their time looking forward to the past.

Like most of those who study history, he (Napoleon III) learned from the mistakes of the past how to make new ones.

It also allows you to look as though you're not particularly from the present, future or past, either.

The steady expansion of welfare programs can be taken as a measure of the steady disintegration of the Negro family structure over the past generation in the United States.

Yes, romance has found it's way into my heart in the past.

Countries under foreign command quickly forget their history, their past, their tradition, their national symbols, their way of living, often their own literary language.

The past is still visible. The buildings haven't changed, the layout of the streets hasn't changed. So memory is very available to me as I walk around.

In the past I've made movies that were pretty universally liked. You can't really hate them. You can discard them, but you can't really hate them.

No doubt Western civilization has in the past been full of wars and revolutions, and the national elements in our culture, even when they were ignored, always provided an unconscious driving force of passion and aggressive self-assertion.

And so there is no God but has been in the loins of past gods.

Parents are like shuttles on a loom. They join the threads of the past with threads of the future and leave their own bright patterns as they go.

I'm not here to discuss the past... I'm here to be positive.

I have to say that it's very few countries that are willing to look back at its past and apologize for its act, or make amends for its act, as the United States had one.