"Capitalism is not a system that rewards success; it is a system that allows success."
This quote suggests that capitalism, as an economic system, does not inherently reward or bestow success; rather, it provides the freedom, structure, and opportunities for individuals to achieve success through their own efforts, skills, and innovations. In other words, the system itself does not guarantee success, but it creates an environment where success can be attained by those who seize opportunities and apply their talents effectively.
"Innovation, not regulation, has always been the engine of prosperity."
This quote by Amity Shlaes emphasizes that innovation, rather than regulation, is the primary driving force behind prosperity. In other words, she suggests that economic growth and advancement are primarily achieved through new ideas, technologies, products, or services, not through government control or restriction. The implication is that fostering a culture of innovation, encouraging entrepreneurship, and minimizing excessive regulations can contribute significantly to a nation's economic success.
"Capitalism is the only economic system in which the more you make the more you can afford to lose."
This quote by Amity Shlaes suggests that capitalism encourages risk-taking, as individuals who have accumulated wealth can afford to invest it with the potential for both gain and loss. The inherent risk-reward dynamic in capitalism is what propels innovation, growth, and economic progress. However, this system also highlights the importance of balance, ensuring that those who lose in the process don't suffer catastrophic consequences, thus maintaining fairness and social stability.
"It's not the size of government that matters, but what it does with its power."
This quote by Amity Shlaes emphasizes that the effectiveness and impact of government, rather than its size, is crucial. It suggests that a smaller government may not necessarily be better if it wields power ineffectively or unproductively, while a larger government could potentially achieve positive outcomes if it uses its power responsibly and efficiently for the benefit of society. The focus should be on how government utilizes its power to serve the people, rather than merely on the quantity of that power.
"The best way to predict the future is to create it." (This quote was originally said by Peter Drucker, but often misattributed to Amity Shlaes.)
This quote emphasizes that instead of passively waiting for the future to unfold, we should actively shape it according to our desires and aspirations. It suggests that one can predict the future more accurately by taking proactive steps to create it, rather than relying solely on predictions or speculations. Essentially, it encourages people to be agents of change in their own lives and society at large.
With demands for special education or standardized test prep being shouted in their ears, public schools can't always hear a parent when he says: 'I want my child to be able to write contracts in Spanish,' or, 'I want my child to shake hands firmly,' or, 'I want my child to study statistics and accounting, not calculus.'
- Amity Shlaes
The Grand Old Party's abiding affection for a 'bigger and better' presidency isn't entirely logical. After all, the Obama presidency commenced with an effort to reenact the Hundred Days. Yet President Obama's first-term economic performance itself was not 'big' but mediocre - tiny, even.
- Amity Shlaes
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