Peter Thiel: Creative Monopoly

Meaning of Peter Thiel Money Quote: saying money can be made by special creative monopolies but not by those who are required to compete. Peter Thiel said:

 


 

“CREATIVE MONOPOLY means new products that benefit everybody and sustainable profits for the creator. Competition means no profits for anybody, no meaningful differentiation, and a struggle for survival

In this quote, entrepreneur and investor Peter Thiel seems to be contrasting the concepts of “creative monopoly” and competition. He suggests that a creative monopoly, where a company has unique control over a novel product or service it has developed, allows for widespread benefits through the availability of that innovation as well as sustainable profits for its creator.

In contrast, Thiel views competition as leading to a lack of profits for any business as they struggle to differentiate themselves, instead resulting in commodity-like offerings and a fight for survival. The quote advocates for circumstances where companies can gain some protection or advantage from their creative works and inventions, rather than having to constantly fend off copycats.

Overall, Thiel seems to be arguing that monopolies born of genuine innovation can optimize outcomes for both businesses and consumers compared to situations defined purely by competition

Frederic Bastiat: Slavery Monopoly

Meaning of Frederic Bastiat Money Quote: saying unfair economic systems cause suffering, but can be defended by both profiteers and those who suffer. Frederic Bastiat said:

 


 

“Slavery, protection, and monopoly find defenders, not only in those who profit by them, but in those who suffer by them” — Frederic Bastiat

In this quote, Frédéric Bastiat is making the observation that systems like slavery, protectionism and monopoly tend to have defenders not just from those who directly benefit economically from them (“those who profit by them”), but also from others who are actually harmed by them (“those who suffer by them”).

His point seems to be that these harmful systems can distort people’s perceptions to the extent that even those negatively impacted will defend them, perhaps due to psychological, social or political factors.

Overall, the quote serves as a critique of how unfair economic systems maintain support through influencing public opinion, beyond just those who gain immediate advantages from such systems

Birthday: June 30, 1801 – Death: December 24, 1850

Robert Reich: Accumulate Billions

Meaning of Robert Reich Money Quote: saying ways to super-wealth are limited to buying your way in, profiting from monopoly or inheriting wealth – not hard work. Robert Reich said:
 
 

 

“There are basically 4 ways to accumulate a billion dollars in America: 1) Profiting from a monopoly 2) Insider trading 3) Political payoffs 4) Inheritance Don’t believe the self-made myth” — Robert Reich

In this quote, Robert Reich is challenging the idea that billionaires in America become self-made through hard work and innovation alone. He suggests there are really only four main ways one can accumulate a billion dollars:

1. By profiting from a monopoly, which allows domination of a market without competition.
2. Through insider trading, or taking advantage of privileged confidential information unavailable to the average investor.
3. Via political payoffs, meaning gaining wealth through lobbying or special favors from politicians.
4. Through inheritance, by acquiring massive wealth simply by being born into a wealthy family rather than earning it themselves.

Overall, Reich is asserting that while some may portray themselves as entirely self-made, the reality is that billionaires often rely on one of these four less meritocratic means to amass their extreme fortune. He aims to dispel the notion that all billionaires achieved their status solely through hard work and talent.

Christine Says: Monopoly Game Tax

Christine Money Quote saying the game of Monopoly shows its age by how it references taxing the rich who must go to jail like everyone else. Christine said:
 

 

“You know the game Monopoly is an old game because there is a luxury tax and rich people can go to jail” — Christine

In this quote, Christine seems to be making an observation about elements in the classic board game Monopoly that reflect the time period when it was created. A few key points:

• Noting the inclusion of a “luxury tax” suggests this aspect of the game’s economic systems now seems dated or anachronistic compared to modern times.
• Similarly, pointing out that rich players can end up in jail implies this mechanic captured social attitudes from earlier eras when great wealth was viewed more suspiciously.
• By highlighting these features, Christine appears to be commenting on how the game provides an unintended window into the societal norms and values held when it was designed in the early 20th century.

Overall, the quote conveys Christine’s view that certain rules within Monopoly, like taxing wealth or the ability to imprison tycoons, demonstrate the game was conceived during an era when attitudes toward affluence had different connotations than perspectives common today. The message is these details unintentionally signify the period in which the board game originated.

You know the game Monopoly is an old game because there is a luxury tax and rich people can go to jail ..

— christine (@christi02127678) October 25, 2021

Ray Dalio: Printing Money

Ray Dalio Money Quote saying monopoly money and monopoly bankers who redistribute money to monopoly players. Ray Dalio said:
 

 

“Printing money is the most expedient, least well-understood, and most common big way of restructuring debts. It’s like playing Monopoly in a way where the banker can make more money and redistribute it to everyone when too many of the players are going broke and getting angry” — Ray Dalio

In this quote, Ray Dalio seems to be drawing an analogy between government monetary policy and the board game Monopoly. A few key points:

• He notes that printing or creating more money is a common yet poorly understood method governments use to restructure large debt loads.
• Dalio likens this to the Monopoly banker’s ability to simply generate more paper money to redistribute when many players start going bankrupt.
• The implication is that increasing the money supply, like the banker providing bailouts in Monopoly, acts as a way to temporarily resolve debt crises and prevent anger from widespread defaults.
• However, Dalio appears to be suggesting this approach amounts to an expedient workaround rather than a real solution, and risks inflation down the line like in the game.

Overall, the quote conveys Dalio’s view that monetary stimulus and bailouts function similarly to a short-term patch in Monopoly, even if their long-term economic effects are misunderstood. The analogy paints money printing as an incomplete fix for debt problems.

Franklin Roosevelt: Government Appendage

Franklin D. Roosevelt Money Quote saying business and financial monopoly, speculation and reckless banking are never-ending and must be continuously monitored. Franklin D. Roosevelt said:
 

 

“We had to struggle with the old enemies of peace–business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs” — Franklin D. Roosevelt

In the context of business and financial monopoly, Franklin Roosevelt meant that some individuals and corporations view the government as a mere extension of their own power and influence, rather than a separate entity that serves the public interest.

He implied that these entities see the government as a tool to be used for their own benefit, rather than a watchdog that ensures fair competition and protects the public

Birthday:January 30, 1882 – Death: April 12, 1945

Franklin D. Roosevelt: Reckless Banking

Franklin D. Roosevelt Money Quotation saying on election-eve of 1936, that stopping corruption of business and banking was critical to our democracy. Franklin D. Roosevelt said:
 

 

“We had to struggle with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering” — Franklin D. Roosevelt

The best interpretation of Franklin Roosevelt’s quote is that he emphasized the need to address the longstanding challenges of peace, including business and financial monopolies, speculation, reckless banking, class conflict, regionalism, and war profiteering.

By acknowledging these issues, he highlighted the importance of addressing these systemic problems to ensure a more equitable and stable society

Birthday:January 30, 1882 – Death: April 12, 1945

Glenn Grothman: Lobbyists for Monopolies

Wisconsin Republican Congressman Glenn Grothman Money Quotation saying lobbyists in Washington look for government protection of monopolies. Glenn Grothman said:
 

 

“These business lobbyists are asking for something they shouldn’t have, asking government to spend something on them, asking them to protect a monopoly of some sort. It’s a frustrating thing because obviously they give a lot of money” — Glenn Grothman

In this quote, Glenn Grothman seems to be criticizing certain business lobbying groups. A few key points:

• He characterizes their requests as wanting “something they shouldn’t have”, like government spending on specific industries or policies to shelter monopolies.
• Grothman implies these asks go beyond reasonable advocacy and instead amount to an unfair extraction of benefits.
• While acknowledging lobbyists “give a lot of money”, he presents this as a “frustrating” influence that can skew the political process in their favor.

Overall, the quote conveys Grothman’s view that some corporate lobbyists abuse their financial influence over government to gain preferential treatment, subsidies, or anticompetitive protections they have not rightfully earned, in his assessment, at a cost to the broader public interest. The message is money in politics can distort policymaking away from fairness and toward narrow private gain.