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Economics Quotes

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Economics Quotes

“The difference between [socialism and fascism] is superficial and purely formal, but it is significant psychologically: it brings the authoritarian nature of a planned economy crudely into the open. The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal. Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal.”

“The reason for the success of this somewhat communist-sounding strategy, while the failure of communism itself is visible around the world, is that the economics of information are fundamentaly different from those of other products.”

World Different Reason Information Products Economics Strategy Around The World Communism Visible Communist

Author:Bruce Perens

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”

Way Political Politics Interesting Economics Communism Crush Taxation Inflation Grind Bourgeoisie

Author:Vladimir Lenin

“The theory of Communism may be summed up in one sentence: Abolish all private property.”

May Philosophy Political Politics Theory Economics Philosophical Property Sentences Communism Private Property Abolish One Sentence

Author:Karl Marx

“Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.”

“Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

“I think anytime that you go to the extreme of any mode of economics, be it capitalism or communism, you have these feedback mechanisms that make the system turn in on itself.”

Thinking Turns Capitalism Economics Extremes Communism Mechanism Feedback

Author:Serj Tankian

“If you think health care is expensive now, wait until you see what it costs when it's free.”

Source: Age and Guile Beat Youth, Innocence, and a Bad Haircut

“The great virtue of a free market system is that it does not care what color people are; it does not care what their religion is; it only cares whether they can produce something you want to buy. It is the most effective system we have discovered to enable people who hate one another to deal with one another and help one another.”

People Want Doe Helping Care Hate Politics Deals Liberty Virtue Produce Color Economics Libertarian Communism Libertarianism Free Market Great Libertarian Free Market Capitalism

Author:Milton Friedman

“Communism and socialism is [sic] seductive. It promises us that people will contribute according to ability and receive according to needs. Everybody is equal. Everybody has a right to decent housing, decent food and affordable medical care. History should have taught us that when we hear people talk this stuff - watch out!”

“The Western societies which espouse free market capitalism survive by the pursuit of greed and, in their own way, like Communism, throw into leadership men and women (mostly men) who know how to gain, exert and manipulate power.”

Knows Men Way Leadership Business Know How Men And Women Capitalism Gains Economics Western Greed Pursuit Communism Free Market Manipulate Western Society Free Market Capitalism

Author:Davis McCaughey

“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.”

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