Jimmy Wales Quotes
Our growth rate continues to be staggering.
Wales, Jimmy. "Wikipedia Founder Jimmy Wales Responds." Slashdot, 28 July 2004.
Ireland’s economy crashed in the Meltdown of 2008 and its Banks failed causing the rest of the economy to crash.
The economy was terrific under the Republicans and it is always hard to run against a successful economy. However, the lack of meaningful regulation and corporate and financial dominance caused the economy to come crashing down in 1929. See Hoover’s description {603859},
This quotation is important as it provides a major counter-example to the ideological political belief that tax cuts and deregulation produce economic growth. Sometimes they do, but other times they do not. Ironically the greatest periods of growth in the last half of the 20th century included some of the highest rates of taxes. At other times high taxes curtailed growth. As with many political ideologies, they are really not principles or laws of nature or economics, but political preferences.
Jimmy Donal Wales is an American-British Internet entrepreneur and former financial trader. He is a co-founder of the online non-profit encyclopedia Wikipedia, and the for-profit web hosting company Wikia, later renamed to Fandom.