R.W. Spellman

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman on why losses are just as important as profits:

“A free-enterprise system is a profit-and-loss system, and never forget the loss part.

If you have a system in which losses are eliminated, you will eliminate the heart of a free-enterprise system, which is to make people responsible for their own actions and to provide a system under which they are induced to use their resources effectively, under which if they engage in bad ventures, they get out.

That’s the fundamental difference between the market and government.”

[Eric Weinstein @ericweinstein]

Those of us bitterly opposed to communism fall into two different groups.

A) Those who argue that it must be abandoned because it has show us that it doesn’t work.

B) Those of us that are so bitterly opposed to collectivism applied to dissenting individuals that we are relieved that it *cannot* work. A happy accident. Those who don’t care if it *could* be made to work: we’d continue to fight it. Working or not working is irrelevant. It’s just bad. Period. The end.

If Communism could actually be shown to deliver stable high levels of growth and innovation, broadly distributed, with low inequality,
I believe I would still fight it to my dying breath.

My opposition to communism has little to nothing to do with the fact that it doesn’t work as an economic system. So, it’s merely a relief that it doesn’t work. A convenience for its opposition.

Communism and collectivism are intrinsically soul killing for people who are hyper-individualistic . So let’s stop hiding behind the fact that they don’t work as economic or governance systems.

Some of us who aren’t the biggest fans of naked capitalism red of tooth and claw, hate communism not because we think capitalism is intrinsically fair. It isn’t. We oppose it because communism hunts the individual.

For us, It’s not communism vs capitalism. That is a businessman’s argument. Instead, it’s communism vs individualism for me. Show me a system that fights harder to let a dissenting individual thrive more than brutal market capitalism (which also barely works), and I am all ears.

Not everything is a market after all.

[Chris Williamson @ChrisWillx]

“Everything grand is made from a series of ugly little moments.

Everything worthwhile by hours of self-doubt and days of drudgery.

All the works by people you and I admire sit atop a foundation of failures.” — Pierce Brown

[Chris Williamson @ChrisWillx]

Inaction is worse than incorrect action.

“Most failures are one-time costs.

Most regrets are recurring costs.

The pain of inaction stings longer than the pain of incorrect action.” — @JamesClear

[Boring_Business @BoringBiz_]

what a privilege it is to be exhausted by an ambition of your own choosing

[Natural Philosophy @Naturalphilosy]

“The only thing an old man can tell a young man is that it goes fast, real fast, and if you’re not careful it’s too late. Of course, the young man will never understand this truth.”

— Norm Macdonald

[Milton Friedman Quotes @MiltonFriedmanW]

“Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.”

— Milton Friedman

[Saganism @Saganismm]

“The fact is you cannot be intelligent merely by choosing your opinions. The intelligent man is not the man who holds such-and-such views but the man who has sound reasons for what he believes and yet does not believe it dogmatically.”

― Bertrand Russell

[Milton Friedman Quotes @MiltonFriedmanW]

“We want the kind of world in which greedy people can do the least harm to their fellow men. That’s the kind of world in which power is widely dispersed and each of us has as many alternatives as possible.”

— Milton Friedman

[Justin Amash @justinamash]

Libertarianism is about removing arbitrary barriers between people who want to peacefully engage with one another.

It is the political philosophy that respects the individual and fosters social cooperation; that recognizes both the value of tradition and the advantage of change.

[internet hall of fame @InternetH0F]

This is how much a laptop cost in 1989

[Students For Liberty @sfliberty]

Poverty exists everywhere. The difference lies in which system gives people a real chance to rise.

Milton Friedman explains it in 2 minutes—why freer markets consistently deliver better lives for the poor, without government interference.

[Blake Burge @blakeaburge]

The smartest people I know all have this in common: They change their minds often. It’s not a weakness, being wishy-washy, or a sign of flaky beliefs. It’s proof that their ego doesn’t outrank new information. The goal isn't to be right, it's to get it right.

[yannispappas @yannispappas]

In 1990, over 70% of Vietnamese lived in poverty. Today, it’s under 3%. The only economic lever that worked for communists was capitalism. Socialist regimes depend on capitalist tools to survive-something Marx never envisioned. Name something more ironic.

[American Debunk @AmericanDebunk]

“The User Interface for Reality”

IYKYK

[Steve Hanke @steve_hanke]

My friend, mentor, and Nobelist Milton Friedman on the trade deficit:

“The trade deficit is not a deficit in another sense. It’s a capital surplus.”

[Justin Amash @justinamash]

Congress has ceded so much of its constitutionally prescribed authority to the president through emergency measures that the federal government now always operates under multiple emergency decrees.

This centralization of power in one branch of government at the direction of one person evades constitutional limits and checks, deprives us of our due representation, eviscerates government accountability, and subjects us to endless abuses.

It’s time for Congress to stop passing the buck. End the era of perpetual emergencies.

[Rothmus 🏴 @Rothmus]

💯

[Justin Amash @justinamash]

I’ll say it again.

It is unconstitutional for Pres. Trump to engage in acts of war in Yemen.

It doesn’t matter how appropriate you think it is for the U.S. to take on Houthis or terrorists or anyone.

Congress has not authorized war in Yemen. Engaging in war there is unlawful.

[Wilfred Reilly @wil_da_beast630]

Like and RT this status if you would genuinely like to see President @realDonaldTrump and VP @JDVance award the Presidential Medal of Freedom to Dr. Thomas Sowell.