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Do you believe there is a normal business cycle? A cycle that is not controlled by the people in Washington? I believe there is a normal business cycle and I believe decisions made by many groups (not just Washington) can make the cycle have bigger peaks and valleys. For example I think OPEC can effect the normal business cycle. I think Presidents get too much credit and too much blame for the economy. I also think there are long tails on many government policies targeted to have an impact on the economy. For example education policies today may not affect our economy until our children going into school today, go into the workforce in 20 or so years. So, who gets the credit or blame for having the vision to sacrifice today for a benefit a generation away.
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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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