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— Mark Steyn"How do you 'invest in the future'? By borrowing $188 million every hour. That's what the Government of the United States is doing. It's spending one-fifth of a billion dollars it doesn't have every hour of every day of every week - all for your future!"
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Note even Jonathan Swift would dare to write a satire in which politicians argued that - in a world where species are vanishing and more than a billion people are barely able to afford to eat - it would somehow be good for the planet to clear rain-forests to grow palm oil, or give up food-crop land to grow biofuels, solely so that people could burn fuel derived from carbohydrate rather than hydrocarbons in their cars, thus driving up the price of food for the poor. Ludicrous is too weak a word for this heinous crime.
— Matt Ridley
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What's fascinating . . .is that you could now have a business that might have been selling for $10 billion where the business itself could probably not have borrowed even $100 million. But the owners of that business, because its public, could borrow many billions of dollars on their little pieces of paper- because they had these market valuations. But as a private business, the company itself couldn't borrow even 1/20th of what the individuals could borrow.
— Charlie Munger
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