Quotessence
Home / Quotes / Quote by Robert Prechter

Quote by Robert Prechter

“From the starch-heavy 'food pyramid' to ethanol fuel, the government adopts programs not because they are right but because they gains votes, money or political power or solve problems that politics has already created, such as silos full of subsidized wheat or a shortage of gasoline due to the maze of controls on refining.”

Quote by Robert Prechter

Create image

Author

Robert Prechter
Robert Prechter

Robert Prechter is an American author and investor known for his research and application of the Elliott Wave Theory. Born in 1949, he is one of the founders of the Elliott Wave International, and has had a significant influence in the field of financial forecasting. more

You May Also Like

“As taxpayers, we have quietly accepted the fact that our taxes will be spent to pay big bucks for all sorts of ugly, twisted metal to be displayed in front of or inside government buildings, in the name of 'art' that was obviously never meant to give the public any enjoyment and often represented a thumbing of the artist's nose at the public.”

GivingArtFactsBigsGovernmentArtistNamesPayFrontsBuildingTaxesUglyAcceptedNosesEnjoymentMetalsTwistedTaxpayersBucks
Author:Thomas Sowell
Create image

“It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism.”

BelieveFeelingsCertainPayHigherAuthorityCapitalismEnvyIncomeSocialismSocialistBusinessmanProsperousSalaryCommonwealth
Book:Human action: a treatise on economics
Create image

“The right way is the greatest gratifier of human wishes ever come upon - when allowed to operate. It is as morally sound as the Golden Rule. It is the way of willing exchange, of common consent, of self-responsibility, of open opportunity. It respects the right of each to the product of his labor. It limits the police force to keeping the peace. It is the way of the free market, private property, limited government. On its banner is emblazoned Individual Liberty.”

WayHumansSelfGovernmentOpportunityIndividualForceWishSoundCommonResponsibilityLibertyWillingProductsLimitsLaborPolicePropertyGoldenConsentRight WayFree MarketPrivate PropertyLimited GovernmentGolden RuleBannerIndividual LibertyPolice ForceSelf Responsibility
Author:Leonard Read
Create image

“If capitalism worked as the socialists think an economic system ought to work, and provided a constant equality of living conditions for all, regardless of whether a man was able or not, resourceful or not, diligent or not, thrifty or not, if capitalism put no premiums on resourcefulness and effort and not penalty on idleness or vice, it would produce only an equality of destitution.”

IfsThinkingMenAbleEffortEconomicConditionsProduceOughtCapitalismConstantVicesPenaltiesIdlenessDiligentEconomic SystemsResourcefulResourcefulnessThriftyLiving Conditions
Author:Milton Friedman
Create image