Word: cite
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...justify the robber baron culture, America’s business educators and economists falsely cite their demigod of laissez-faire market economics, Adam Smith. Little do they know that Adam Smith in fact scathingly castigated Bush’s type of government: business collusion and unfair taxes, Wal-Mart’s exploitations of labor and communities, and robber barons’ hubris. Nowhere in his 900-page book, The Wealth of Nations, does Smith even imply that those who knowingly harm others and society in their pursuit of personal greed also benefit their society. He rejects the notion that...
Furthermore, it is misleading to cite the short-term increase in government borrowing—the “transition costs”—as a downside to PRAs. Government borrowing hurts the economy because it saps funds from the supply of national savings and thus raises real interest rates, which crowds out private investment. But every dollar the government borrows is transferred into PRAs, which increases the supply of savings by an equal amount. The net effect on national savings is zero...
Some inevitably find this risk too high and cite it in opposing voluntary PRAs. But this is a false argument because nobody who finds PRAs too risky is forced to choose them. Only those who want to accept more risk for more return will choose PRAs, and it should not be government’s role to prohibit that they...
With this match, the Crimson has completed one quarter of its season. The players cite a crucial need to step up against its competitors, starting with matches against California on March 27 and Bucknell on March...
Proponents of ANWR drilling have been improperly minimizing the effects of oil development for years. They like to cite the growth of the caribou herd at Prudhoe Bay—a Northern Alaska drilling site that has been open for business since 1977—where caribou wander daily through industrial sites. But they ignore evidence that total herd growth is sustained by the females whose fecundity is least affected by industrialization. For the shrinking ANWR caribou herds, the impact of drilling on fertility could sound a death knell. Drilling proponents like to point to the small physical footprint...