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Economics Quotes

Browse 2895 quotes about Economics.

Economics Quotes

“There have been three great inventions since the beginning of time: fire, the wheel, and central banking.”

Has Beens Wisdom Three Politics Economy Fire Economics Invention Wheels Liberalism Banking Central Banking Great Inventions

Author:Will Rogers

“If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.”

Source: The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe

“To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.”

Want Mean Ends Suffering Evil Economics Crisis Productions Credit Cures Deception Combat Expansion Severe Banking Procedures Very Mean Misdirection

Author:Friedrich August von Hayek

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”

Thinking Problem Economics Crisis Addiction Greed Debt Spending Cures Substance Experts Economist Banking Bankers Sucker Debt Crisis

Book:The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms

“Someone has to borrow every dollar we have in circulation, cash or credit.”

Money Economics Dollars Credit Cash Banking Bankers Monetary Circulation Federal Reserve Central Banks Banking System Monetary System Usury Bankers And Banks Commercial Banks

Author:Robert W. Hemphill

“Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.”

“Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.”

Ifs Giving School Sound Money Economics Currents Reform Cycles Cheer Reserves Replaced Economist Banking Inflation Central Banks Bailouts

Author:Llewellyn Rockwell

“American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.”

Years Long Running Sound Money Paper Standards Years Ago Economics Gold Feds Steady Decline Currency Banking Deposits Gold Standard

Author:Llewellyn Rockwell

“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”

Done Nations Wealth Morality Economics Prosperity Injury Tranquility Founding Banking Our Founding Fathers Us Founding Fathers Bankers And Banks

Book:The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations

Source: The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations

“If we can but prevent the government from wasting the labours of the people, under the pretence of taking care of them, they must become happy.”

People Ifs Government Care America Politics Capitalism Economics Labour Founding Banking Our Founding Fathers Us Founding Fathers Pretence

Book:The Papers of Thomas Jefferson, Volume 39: 13 November 1802 to 3 March 1803

Source: The Papers of Thomas Jefferson, Volume 39: 13 November 1802 to 3 March 1803

“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

Source: The Economic Consequences of the Peace

“As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling.”

“Let me issue and control a nation's money and I care not who writes the laws.”

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.”

“Banking was conceived in iniquity and born in sin... Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to continue to be a slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit.”

“A people... who are possessed of the spirit of commerce, who see and who will pursue their advantages may achieve almost anything.”

People May Spirit Achieve Capitalism Advantage Economics Pursue Possessed Commerce Founders Founding Banking Our Founding Fathers Us Founding Fathers

Book:The writings of George Washington from the original manuscript sources, 1745-1799

Source: The writings of George Washington from the original manuscript sources, 1745-1799

“Government is instituted to protect property of every sort; as well that which lies in the various rights of individuals, as that which the term particularly expresses. This being the end of government, that alone is a just government which impartially secures to every man whatever is his own.”

Source: Selected Writings of James Madison

“The gang that trashed the town was now back in town to trash it even more and you'll never guess.. they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not.. hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup, J. P. Morgan, AIG and a long list of others.”