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Economic Quotes

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Economic Quotes

“Reality is much more complex than any judgment of right and wrong encourages you to believe. When you really understand the ethical, spiritual, social, economic, and psychological forces that shape individuals, you will see that people's choices are not based on a desire to hurt. Instead, they are in accord with what they know and what world views are available to them. Most are doing the best they can, given what information they've received and what problems they are facing.”

“To overcome our biological limitations as individuals, we have co-evolved collective systems and capacities - cultural, social, economic, political, scientific, media, educational, public relations, etc. But the flaw in all that is that we have designed them primarily for comfort, profit, power, control, and entertainment rather than for collective intelligence, sanity, and wisdom.”

“If one is okay with police having guns - whoever is designated as having authority - but panicked at the thought of their fellow man or themselves having guns, then that is someone who does not think like a free person. He places a magical aura around whoever is in charge and only thinks they can wield power. This will come up again in other areas, such as letting government make economic decisions but fearing individual people making those decisions themselves.”

“The economic freedom which is the prerequisite of any other freedom cannot be the freedom from economic care which the socialist promise us, and which can be obtained only by relieving the individual at the same time of the necessity and of the power of choice: it must be the freedom of economic activity which, with the right of choice, inevitably also carries the risk and the responsibility of that right”

“I have to say, I think that we are in some kind of final examination as to whether human beings now, with this capability to acquire information and to communicate, whether we're really qualified to take on the responsibility we're designed to be entrusted with. And this is not a matter of an examination of the types of governments, nothing to do with politics, nothing to do with economic systems. It has to do with the individual. Does the individual have the courage to really go along with the truth?”

“For the individual, as I can testify, a brief grounding in semantics, besides making philosophy unreadable, makes unreadable most political speeches, classical economic theory, after-dinner oratory, diplomatic notes, newspaper editorials, treatises on pedagogics and education, expert financial comment, dissertations on money and credit, accounts of debates, and Great Thoughts from Great Thinkers in general. You would be surprised at the amount of time this saves.”

“I am not interested in dry economic socialism. We are fighting against misery, but we are also fighting against alienation. One of the fundamental objectives of Marxism is to remove interest, the factor of individual interest, and gain, from people's psychological motivations. Marx was preoccupied both with economic factors and with their repercussions on the spirit. If communism isn't interested in this too, it may be a method of distributing goods, but it will never be a revolutionary way of life.”

“If democracy is control by the people, as it is supposed to be, it is the right form of government. I believe in a complete democracy - individual, political, social, economic. If we really had that, which we don't now, it would be in harmony with divine purpose.”

“Everyone has an equal and absolute right to sovereignty over his own body, his own property, and his own life, and to pursue his own happiness in any way that he chooses. No one has the authority to grant rights to anyone else, because human beings already possess all natural rights at birth. These rights include both personal and economic freedoms, and the only way they can be lost is if someone takes them away by force. The only right that an individual does not naturally possess is the right to violate someone else's liberty.”

“Things economic and social move by their own momentum and the ensuing situations compel individuals and groups to behave in certain ways whatever they may wish to do-not indeed by destroying their freedom of choice but by shaping the choosing mentalities and by narrowing the list of possibilities from which to choose.”

“I see the liberty of the individual not only as a great moral good in itself (or, with Lord Acton, as the highest political good), but also as the necessary condition for the flowering of all the other goods that mankind cherishes: moral virtue, civilization, the arts and sciences, economic prosperity.”

“We must remove government's smothering hand from where it does harm; we must seek to revitalize the proper functions of government. We do these things to set loose again the energy and the ingenuity of the American people. We do these things to reinvigorate those social and economic institutions which serve as a buffer and a bridge between the individual and the state - and which remain the real source of our progress as a people.”

“Beware leverage in all its forms. Borrowers - individual, corporate, or government - should always match fund their liabilities against the duration of their assets. Borrowers must always remember that capital markets can be extremely fickle, and that it is never safe to assume a maturing loan can be rolled over. Even if you are unleveraged, the leverage employed by others can drive dramatic price and valuation swings; sudden unavailability of leverage in the economy may trigger an economic downturn.”

“My belief in free competitive economic enterprise does not rest solely or even mainly on arguments of economic efficiency, though, heaven knows, these are cogent enough. It rests essentially on the view that the free market is the only safe way of ensuring that productive effort is directed towards supplying what individuals actually want, and in a way which secures the dignity and independence of the worker.”

“A delicate balance is required to combat violence perpetrated in the name of a religion, an ideology or an economic system, while also safeguarding religious freedom, intellectual freedom and individual freedoms. But there is another temptation which we must especially guard against: the simplistic reductionism which sees only good or evil; or, if you will, the righteous and sinners.”

“Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems - the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.”

“I am here because libraries and museums are singular and important institutions with unique contributions to make to our nation. But more importantly, I am here as an advocate for children and families, for healthy communities, for economic development, for scholars and researchers, for individuals who seek educational and informational resources throughout their lives.”

“It is like using a smoke screen, the same thing for an individual. The topic here is Islam. If French politicians are no longer talking about Islam, they know they will have to talk about something else, which brings the spotlight on their inefficiency. They will have to talk about domestic social and economic issues and they will have to justify their foreign policy, which is obviously something they need to avoid at all costs.”