Quote of the Day

Henry Kissinger, World Order (quoted in a review by Niall Ferguson):

…If the balance between power and legitimacy is properly managed, actions will acquire a degree of spontaneity. Demonstrations of power will be peripheral and largely symbolic; because the configuration of forces will be generally understood, no side will feel the need to call forth its full reserves. When that balance is destroyed, restraints disappear, and the field is open to the most expansive claims and the most implacable actors; chaos follows until a new system of order is established.

Quote of the Day

Richard Epstein, The flawed 75% tax solution from Hollande and Piketty:

The basic question is why would anyone assume that major shifts in tax rates should have only relatively modest effects on the production of wealth. No one would say that about a cut in market wages of over 50 percent. So why assume otherwise in a tax context?

Don’t Panic: A Continuing Series – The Enemy Within

And yet there are signals of personal defeat which are like red lamps on broken roads, to these we must pay heed. I grew anxious when a man’s speech began to betray him; when he was full of windy talk of what the Boche had done in the new sector the battalion was taking over, of some new gas. It was always about something which was going to happen; the wretched fellow must have known the mess would muzzle him if it could, but he seemed driven by some inner force to chatter incessantly of every calamity that could conceivably come to pass. It was as if he had come to terms with the devil himself, that if he could make others as windy, his life would be spared. How full of apprehension the fellow was; death came to him daily in a hundred shapes. This was fear in its infancy. It was a bad sign, for when a man talked like that, his self-respect was going, and the battle was already half lost. It was just a matter of time. Such a man did the battalion no good for the disease was infectious; I was glad to get him away.

Lord Moran, The Anatomy of Courage

[Readers needing background may refer to the earlier members of this series, Don’t Panic: Against the Spirit of the Age; Don’t Panic: A Continuing Series; Don’t Panic: A Continuing Series Ebola or Black Heva?; and Don’t Panic: A Continuing Series Ebola Realities and the True Test.]

Not everyone is helpful in what Strauss and Howe call a Crisis Era. This is not a matter of ability or resources, but of attitude. I have recently encountered numerous highly intelligent, capable, and often firmly upper-middle class men who at the slightest provocation vehemently insist that the United States is doomed. This year alone, they have predicted at least three of the last zero national calamities. Repeatedly failed scenarios make no impression on them. Some of these people are actually planning to run and hide somewhere.

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Quote of the Day

David Harsanyi:

No, the president didn’t kill the process all by himself. Bush did it! Reagan did it! True or not, twenty years from now, the minions of some Republican Napoleon will be screaming ‘Obama did it!’ And they’ll have a sad story or a chilling warning that will justify why it’s ok. Because all legislative powers herein granted shall be vested in a Congress of the United States unless the president says it’s super important. Then anything goes.

Famous Quotations (Updated)

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