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Economics Quotes

“All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come from figuring out how to produce more goods with fewer workers, thereby releasing labor to be more productive in other areas. It has never come about through permanent unemployment, but temporary unemployment, in the process of shifting people from one area to another.”

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Author:Milton Friedman
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“Pollution and overuse of resources stem directly from the failure of government to defend private property. If property rights were to be defended adequately, we would find that here, as in other areas of our economy and society, private enterprise and modern technology would come not as a curse to mankind but as its salvation.”

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Author:Murray Rothbard
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“I do agree that the science is not settled on this. The idea we would put Americans' economy in jeopardy based on scientific theory that is not settled yet to me is nonsense. Just because you have a group of scientists who stood up and said this is the fact... Galileo got outvoted for a spell. To put Americans' economic future in jeopardy, asking us to cut back in areas that would have monstrous economic impact on this country is not good economics and I would suggest is not necessarily good science.”

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Author:Rick Perry
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“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.”

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Author:Vladimir Putin
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“Our real battlefield today is Asia and our real battle is the one between democracy and communism. . . . We have to prove to the world and particularly to downtrodden areas of the world which are the natural prey to the principles of communist economics that democracy really brings about happier and better conditions for the people as a whole.”

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Book:Eleanor and Harry: The Correspondence of Eleanor Roosevelt and Harry S. Truman
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