Yaron Brook Quotes
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Milken, counting on nothing except his judgment that “junk” bonds weren’t really junk and that the entrepreneurs and businesses he was helping were good, led the revolution that would liberate capital from the turgid old boy network so that it could eventually find its way to Silicon Valley.
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The government currently has unfunded liabilities surpassing $66 trillion.57 That’s $66 trillion in expected entitlement payouts over the coming decades for which there is no known revenue source.58 If nothing is done to scale back the entitlement state, then, according to a report by nonpartisan financial analyst Mary Meeker, “By 2025, entitlements plus net interest payments will absorb all—yes, all—of” government revenues.59
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Our focus should be on making the most of our own lives, regardless of whether we start at the bottom or the top- not on envying the advantages and achievements of others.
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That’s why Henry Ford started paying his lowest-paid employees $5 a day in 1914, more than $110 in today’s dollars.13 He had to: Turnover at the company was 370 percent in 1913.
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Money is what allowed the division of labor to extend beyond the confines of a small town to cities, nations, and ultimately the entire world.
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This is the Free Market Revolution: It is the idea that economic freedom can flourish only in an America that celebrates selfishness—the individual’s pursuit of his rational, long-term self-interest—as a virtue.
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You must, said Benito Mussolini, accept “a life in which the individual, through the denial of himself, through the sacrifice of his own private interests . . . realizes that completely spiritual existence in which his value as a man lies.
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You could turn to others for help, but you couldn’t claim their help by right.