This site is dedicated to the memory of Dr. Alan William Smolowe who gave birth to the creation of this database.
If one looks into the genealogies of many 'old families,' one discovers episodes of slave trafficking, bootlegging, gun running, opium trading, falsified land claims, violent acquisition of water and mineral rights, the extermination of indigenous peoples, sales of shoddy and unsafe goods, public funds used for private speculations, crooked deals in government bonds and vouchers, and payoffs for political favors. One finds fortunes built on slave labor, indentured labor, prison labor, immigrant labor, female labor, child labor, and scab labor -- backed by the lethal force of gun thugs and militia. 'Old money' is often little more than dirty money laundered by several generations of possession.
Dirty | Force | Government | Labor | Land | Little | Looks | Money | Prison | Public | Government | Child |
Candidates who win while spending less than their opponents still usually have to spend quite a lot. While not a surefire guarantor of victory, a large war chest—-even if not the largest--is usually a necessary condition. Money may not guarantee victory, but the lack of it usually guarantees defeat. Without large sums, there is rarely much of a campaign, as poorly funded 'minor' candidates have repeatedly discovered.
In societies that worship money and success, the losers become objects of scorn. Those who work the hardest for the least are called lazy. Those forced to live in substandard housing are thought to be the authors of substandard lives. Those who do not finish high school or cannot afford to go to college are considered deficient or inept.
A nation as such does not give aid to another nation. More precisely, the common citizens of our country, through their taxes, give to the privileged elites of another country. As someone once said: foreign aid is when the poor people of a rich country give money to the rich people of a poor country.
Instead of a bottom-line based on money and power, we need a new bottom-line that defines productivity and creativity as where corporations, governments, schools, public institutions, and social practices are judged as efficient, rational and productive not only to the extent they maximize money and power, but to the extent they maximize love and caring, ethical and ecological sensitivity, and our capacities to respond with awe and wonder at the grandeur of creation.
Michel de Montaigne, fully Lord Michel Eyquem de Montaigne
Nobody distributes all money to other, but each of us distributes our time and life. And it doesn’t exist anything that we don’t distribute more wastefully and in this case stinginess could be more useful and more laudable.
'Your money or your life.' We know what to do when a burglar makes this demand of us, but not when God does.
Mike Ditka, fully Michael Keller Ditka, Jr., aka "Iron" Mike Ditka
Success is about having, excellence is about being. Success is about having money and fame, but excellence is being the best you can be.
Excellence | Money | Success | Excellence |
Mike Ditka, fully Michael Keller Ditka, Jr., aka "Iron" Mike Ditka
Success isn't measured by money or power or social rank. Success is measured by your discipline and inner peace.
Discipline | Money | Power | Success |
Milton Friedman, fully John Milton Friedman
The proper role of government is exactly what John Stuart Mill said in the middle of the 19th century in On Liberty. The proper role of government is to prevent other people from harming an individual. Government, he said, never has any right to interfere with an individual for that individual's own good. The case for prohibiting drugs is exactly as strong and as weak as the case for prohibiting people from overeating. We all know that overeating causes more deaths than drugs do. If it's in principle OK for the government to say you must not consume drugs because they'll do you harm, why isn't it all right to say you must not eat too much because you'll do harm? Why isn't it all right to say you must not try to go in for skydiving because you're likely to die? Why isn't it all right to say, "Oh, skiing, that's no good, that's a very dangerous sport, you'll hurt yourself"? Where do you draw the line? It does harm a great many other people, but primarily because it's prohibited. There are an enormous number of innocent victims now. You've got the people whose purses are stolen, who are bashed over the head by people trying to get enough money for their next fix. You've got the people killed in the random drug wars. You've got the corruption of the legal establishment. You've got the innocent victims who are taxpayers who have to pay for more and more prisons, and more and more prisoners, and more and more police. You've got the rest of us who don't get decent law enforcement because all the law enforcement officials are busy trying to do the impossible. And, last, but not least, you've got the people of Colombia and Peru and so on. What business do we have destroying and leading to the killing of thousands of people in Colombia because we cannot enforce our own laws? If we could enforce our laws against drugs, there would be no market for these drugs.
Business | Corruption | Enough | Government | Harm | Individual | Law | Money | People | Rest | Right | Government | Business |
Milton Friedman, fully John Milton Friedman
So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not.
Milton Friedman, fully John Milton Friedman
Many people complain about government waste, but I welcome it…for two reasons. In the first place, efficiency is not a desirable thing if somebody is doing a bad thing.…Government is doing things that we don’t want it to do; so the more money it wastes, the better. In the second place, waste brings home to the public at large the fact that government is not an efficient and effective instrument for achieving its objectives. One of the great causes for hope is a growing disillusionment…with the idea that government is the all-wise, all-powerful big brother who can solve every problem that comes along.
Efficiency | Government | Hope | Money | People | Public | Waste | Government |
Milton Friedman, fully John Milton Friedman
There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you're doing, and you try to get the most for your money. Then you can spend your own money on somebody else. For example, I buy a birthday present for someone. Well, then I'm not so careful about the content of the present, but I'm very careful about the cost. Then, I can spend somebody else's money on myself. And if I spend somebody else's money on myself, then I'm sure going to have a good lunch! Finally, I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government. And that's close to 40% of our national income.
Milton Friedman, fully John Milton Friedman
The stock of money, prices and output was decidedly more unstable after the establishment of the Reserve System than before. The most dramatic period of instability in output was, of course, the period between the two wars, which includes the severe (monetary) contractions of 1920-1, 1929-33, and 1937-8. No other 20 year period in American history contains as many as three such severe contractions. This evidence persuades me that at least a third of the price rise during and just after World War I is attributable to the establishment of the Federal Reserve System and that the severity of each of the major contractions—1920-1, 1929-33 and 1937-8 is directly attributable to acts of commission and omission by the Reserve authorities. Any system which gives so much power and so much discretion to a few men, so that mistakes—excusable or not—can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic—this is the key political argument against an independent central bank. To paraphrase Clemenceau, money is much too serious a matter to be left to the central bankers.
Argument | Body | Discretion | Evidence | Freedom | History | Instability | Men | Money | Power | Price | Reserve | System | War | World |
Milton Friedman, fully John Milton Friedman
The Federal Reserve definitely caused the Great Depression by contracting the amount of money in circulation by one-third from 1929 to 1933.
Depression | Money | Reserve |
Milton Friedman, fully John Milton Friedman
When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it. When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on. When a man spends someone else's money to buy something for himself, he is very careful about what he buys, but doesn't care at all how much he spends. And when a man spends someone else's money on someone else, he doesn't care how much he spends or what he spends it on. And that's government for you.
Milton Friedman, fully John Milton Friedman
Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.
Efficiency | Knowledge | Means | Money |
Milton Friedman, fully John Milton Friedman
So long as large sums of money are involved—and they are bound to be if drugs are illegal—it is literally impossible to stop the traffic, or even to make a serious reduction in its scope.
Money |
Mitch Albom, fully Mitchell David "Mitch" Albom
We've got a sort of brainwashing going on in our country, Morrie sighed. Do you know how they brainwash people? They repeat something over and over. And that's what we do in this country. Owning things is good. More money is good. More property is good. More commercialism is good. More is good. More is good. We repeat it--and have it repeated to us--over and over until nobody bothers to even think otherwise. The average person is so fogged up by all of this, he has no perspective on what's really important anymore. Wherever I went in my life, I met people wanting to gobble up something new. Gobble up a new car. Gobble up a new piece of property. Gobble up the latest toy. And then they wanted to tell you about it. 'Guess what I got? Guess what I got?' You know how I interpreted that? These were people so hungry for love that they were accepting substitutes. They were embracing material things and expecting a sort of hug back. But it never works. You can't substitute material things for love or for gentleness or for tenderness or for a sense of comradeship. Money is not a substitute for tenderness, and power is not a substitute for tenderness. I can tell you, as I'm sitting here dying, when you most need it, neither money nor power will give you the feeling you're looking for, no matter how much of them you have.
Gentleness | Important | Love | Money | Need | People | Power | Property | Sense | Tenderness | Will | Think |
Milton Friedman, fully John Milton Friedman
The question is, how do you make money in a free market? You only make money if you can provide someone with something he or she is willing to pay for. You can't make money any other way. Therefore, in order to make money, you have to promote cooperation. You have to do something that your customer wants you to do. You don't do it because he orders you to. You don't do it because he threatens to hit you over the head if you don't. You do it because you offer him a better deal than he can get anywhere else. Now that's promoting cooperation. But there are other people who are trying to sell to him, too. They're your competitors. So there is competition among sellers, but cooperation between sellers and buyers.
Better | Competition | Cooperation | Money | Order | People | Question | Wants |