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Economics Quotes

“There is no virtue in compulsory government charity, and there is no virtue in advocating it. A politician who portrays himself as "caring" and "sensitive" because he wants to expand the government's charitable programs is merely saying that he's willing to try to do good with other people's money. Well, who isn't? And a voter who takes pride in supporting such programs is telling us that he'll do good with his own money - if a gun is held to his head.”

PeopleIfsWantTryingWellsGovernmentLibertyVirtueWillingPridePoliticianGunProgramEconomicsCharityCaringLibertarianSensitiveVotersLibertarianismFreedom And LibertyFreedom LibertyCharitableAdvocatingCompulsoryGovernment ProgramsWilling To Try
Author:P. J. O'Rourke
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“If your actions create a legacy that inspires others to dream more, learn more, do more and become more, then, you are an excellent leader.”

IfsInspirationalDreamActionLeadershipBusinessLeaderInspireEconomicsManagementLegacyExcellentGreat LeaderBeing A LeaderInspiring LeaderInspire OthersMotivational LeadershipGreatest LeadershipOutstanding LeadershipLeaders MotivationalBorn LeadersWoman LeaderWomen LeadershipSuccessful LeadersTrailblazing
Author:Dolly Parton
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“[Wise men] have tried to understand our state of being, by grasping at its stars, or its arts, or its economics. But, if there is an underlying oneness of all things, it does not matter where we begin, whether with stars, or laws of supply and demand, or frogs, or Napoleon Bonaparte. One measures a circle, beginning anywhere.”

IfsMenDoeArtMatterStatesLawStarsWiseDemandEconomicsAll ThingsCirclesOnenessFrogsGraspingSupply And DemandBonaparte
Book:Lo!
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“If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?”

PeopleIfsBelieveHumansMadeNaturalRaceLibertyEconomicMankindSafeEconomicsLibertarianGoodTendenciesAgentsHuman RaceBelongingPermitClayLegislatorsOrganizer
Author:Frederic Bastiat
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“If you think health care is expensive now, wait until you see what it costs when it's free.”

IfsThinkingInspirationalHumorCarePoliticalWaitingLibertyCostEconomicsLibertarianCommunismHealth CareLiberalismExpensiveLibertarianismFreedom And LibertyFreedom LibertyLaissez FaireLibertarian PartyEconomic FreedomLimited FreedomGreat Libertarian
Book:Age and Guile Beat Youth, Innocence, and a Bad Haircut
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“If the ordinary wage-earner worked four hours a day, there would be enough for everybody, and no unemployment — assuming a certain very moderate amount of sensible organization. This idea shocks the well-to-do, because they are convinced that the poor would not know how to use so much leisure.”

IfsKnowsMenWellsLongIdeasEnoughPhilosophyFactsUseWould BeAmericaPoliticalCertainHoursPoorKnow HowFourSonAmountOrdinaryEconomicsOrganizationAssumingConvincedPunishmentShockDislikeSensibleLeisureUnemploymentModeratesGrimLong HoursIndignant
Author:Bertrand Russell
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“[L]iberty must at all hazards be supported. We have a right to it, derived from our Maker. But if we had not, our fathers have earned and bought it for us, at the expense of their ease, their estates, their pleasure, and their blood.”

IfsFatherFreedomPleasureLibertyBloodRevolutionEconomicsEaseExpensesMakersEstatesFoundingOur FatherHazardsOur Founding FathersAmerican RevolutionUs Founding FathersAmerican LibertyRevolution Founding Fathers
Book:An Eulogy on John Adams and Thomas Jefferson, etc
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“But how is this legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.”

IfsGivingPersonsDoeGovernmentLawLibertyEconomicCrimeCitizensBenefitsEconomicsLibertarianExpensesFreedom And LibertyFreedom LibertyProperty RightsWelfare StatePlunderEconomic FreedomLaw CourtsLegal Rights
Book:The Law
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“It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.”

IfsWellsLittlesSometimesDoneEnoughMotivationalRunningLawLosesDealsCommonBusinessPayToo MuchRiskBalanceEconomicsAddIncapableLowestSomething BetterMotivational BusinessUnwiseLittle MoneyCommon Law
Author:John Ruskin
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“I’ve been thinking about that proof I spoke of last time – that you’re where you’re supposed to be. And it occurred to me, can you prove you’d be better off somewhere else? If you’d have left the state, your relationship would have ended still. Maybe you’d have even blamed yourself, not knowing that it was doomed because of him, either way. Instead, you’re here. You got dumped, skipped class, and met the best econ tutor at the university! Who knows, maybe I’ll make you fall in love with economics.”

IfsThinkingKnowsWayStillsStatesLastsFallLeftClassKnowingMetsProveEconomicsFalling In LoveUniversityProofSupposed To BeSpokesNot KnowingDoomedLast TimeBetter OffSomewhere ElseDumpedTutor
Author:Tammara Webber
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“As long as we place millions of Indians at the canter of our thought process, as long as we think of their welfare, their future, their opportunities for self realization we are on the right track. For India can grow, prosper, flourish only if they grow, prosper, flourish. We cannot grow by any esoteric strategies. Our purchasing power, our economic strength, our marketplace all depends on the prosperity of our people.”

PeopleIfsThinkingLongSelfOpportunityGrowsProcessChangeMillionsEconomyEconomicDependsEconomicsIndiaEncouragementStrategyTrackProsperitySelf RealizationRealizationWelfareOur ThoughtsMarketplaceEsotericPurchasingThought ProcessBusiness GrowthRight TrackPurchasing Power
Author:Mukesh Ambani
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“The problems that exist on Wall Street today go to the center of a debate in this country about wealth and democracy. We cannot keep our democracy if those who are in charge of handling the engines of our economy are not honest with their shareholders. That's why there is a role for government regulation here. That role for government is breaking up the monopolies, insisting on public disclosure, insisting on public audits, insisting on restitution whenever someone has been cheated.”

IfsHas BeensCountryProblemGovernmentTodayWealthRolesEconomyDemocracyStreetsHonestWallEconomicsDebateEnginesRegulationMonopolyCheatedShareholdersInsistingDisclosureGovernment RegulationNot HonestRestitution
Author:Dennis Kucinich
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“Public education is the key civil rights issue of the 21st century. Our nation's knowledge-based economy demands that we provide young people from all backgrounds and circumstances with the education and skills necessary to become knowledge workers. If we don't, we run the risk of creating an even larger gap between the middle class and the poor. This gap threatens our democracy, our society and the economic future of America.”

PeopleIfsRunningAmericaYoungNationsWorkPoorClassPovertyEconomyDemocracyIssuesRightsRiskEconomicMiddleCenturyKeysCircumstancesSkillsDemandCreatingEconomicsWorkersBackgroundsCivil RightsMiddle ClassOur SocietyGaps21st CenturyPublic EducationFuture Of AmericaKnowledge Workers
Author:Eli Broad
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“We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on. It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain.”

IfsWantPersonsStatesLibertyEconomicObjectsEconomicsRaisesLibertarianGrain
Book:The Law
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“Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all . . . . It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain”

IfsWantPersonsIdeasStatesDoneGovernmentResultsLibertyEconomicObjectsSpringEconomicsRaisesAncientLibertarianSocialismDistinctionGrainLimited GovernmentBeing DoneLibertarian PartyGovernment And Society
Book:The Law
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“To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better....Equality under the law gives you the power to challenge every millionaire.”

IfsWantGivingTryingLawGivenChallengesWealthLibertyPiecesEconomicAdviceEconomicsComplainingAcquireOfferingMillionaireCheaperOne PieceUnfairnessEquality Under The Law
Author:Ludwig von Mises
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“The diversity of mankind is a basic postulate of our knowledge of human beings. But if mankind is diverse and individuated, then how can anyone propose equality as an ideal? Every year, scholars hold Conferences on Equality and call for greater equality, and no one challenges the basic tenet. But what justification can equality find in the nature of man? If each individual is unique, how else can he be made 'equal' to others than by destroying most of what is human in him and reducing human society to the mindless uniformity of the ant heap?”

IfsMenYearsHumansMadeIndividualChallengesHuman BeingsLibertyGreaterEconomicMankindEqualDiversityUniqueIdealsEconomicsDestroyingScholarDiverseJustificationConferencesProposeAntsReducingHuman SocietyMindlessNature Of ManUniformity
Book:Man, Economy, and State, Scholar's Edition
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“You know, if government were a product, selling it would be illegal. ... Government contains impure ingredients - as anybody who's looked at Congress can tell you. ... government practices deceptive advertising. And the merest glance at the federal budget is enough to convict the government of perjury, extortion, and fraud. ... in a nutshell: government should be against the law. Term limits aren't enough. We need jail.”

IfsKnowsNeedsShouldEnoughGovernmentWould BeLawPoliticalTermLibertyPracticeEconomicProductsLimitsEconomicsCongressSellingAdvertisingBudgetsIllegalJailIngredientsFraudGlancesDeceptiveConvictsTerm LimitsPerjuryExtortion
Author:P. J. O'Rourke
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“However, if we wish to be compassionate with our fellow man, we must learn to engage in dispassionate analysis. In other words, thinking with our hearts, rather than our brains, is a surefire method to hurt those whom we wish to help.”

IfsThinkingMenHeartHelpingWishHurtBrainLibertyEconomicEconomicsMethodFellowsAnalysisCompassionateFellow ManDispassionate
Book:Liberty Versus the Tyranny of Socialism: Controversial Essays
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“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.”

IfsWorldWantEnoughWould BeEarthBornSinMoneyPayLibertyEconomicMinesOughtCostEconomicsSlaveryFortuneSlaveCreditDisappearPensBankingBankersBack AgainGreat PowerBe A SlaveCentral BanksIniquity
Author:Josiah Stamp
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“The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance.”

PeopleIfsWantGovernmentNationsLibertyAuthorityEconomicsDebtLibertarianBudgetsArroganceControlledLibertarianismBalancedAssistancePaymentLiving OnNational Debt
Author:Taylor Caldwell
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“The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.”

IfsBookLawSocialBlackResultsLibertySeriousSourceEconomicsRegardRateLibertarianTeenagerLibertarianismMinimumUnemploymentScandalMinimum WageUnrestStatutesSocial Unrest
Author:Milton Friedman
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“If politicians were serious about day care for children, instead of just sloganizing about it, nothing they could do would improve the quality of child care more than by lifting the heavy burden of taxation that forces so many families to have both parents working.”

IfsChildrenCareForceParentQualityLibertySeriousPoliticianEconomicsBurdenHeavyLibertarianLibertarianismTaxationLiftingChild CareHeavy BurdensDay Care
Book:Controversial Essays
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“We must show that liberty is not merely one particular value but that it is the source and condition of most moral values. What a free society offers to the individual is much more than what he would be able to do if only he were free. We can therefore not fully appreciate the value of freedom until we know how a society of free men as a whole differs from one in which unfreedom prevails.”

IfsKnowsMenWholeShowsWould BeAbleValuesIndividualLibertyMoralKnow HowConditionsParticularSourceOffersEconomicsAppreciateIndividualityFree ManFree SocietyMoral Values
Author:Friedrich August von Hayek
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“Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”

IfsWantMeanUseWisdomDecisionKnowledgeEconomyResourcesEconomicsPropertyEfficiencyFree MarketEffectivenessPrivate PropertyMarket EconomyFree Market CapitalismEconomy And Economics
Author:Milton Friedman
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“Everything is on such a clear financial basis in France. It is the simplest country to live in. No one makes things complicated by becoming your friend for any obscure reason. If you want people to like you you have only to spend a little money. I spent a little money and the waiter liked me. He appreciated my valuable qualities. He would be glad to see me, and would want me at his table. It would be a sincere liking because it would have a sound basis. I was back in France.”

PeopleIfsWantLittlesCountryReasonWould BeSoundQualityClearLike YouBecomingEconomicsBasesTablesFinancialValuableComplicatedGladFranceSincereWant MeObscureSimplestAppreciatedWaiterLittle Money
Book:The Sun Also Rises
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“The discipline of colleges and universities is in general contrived, not for the benefit of the students, but for the interest, or more properly speaking, for the ease of the masters. Its object is, in all cases, to maintain the authority of the master, and whether he neglects or performs his duty, to oblige the students in all cases to behave toward him as if he performed it with the greatest diligence and ability.”

IfsInterestAbilityCasesObjectsStudentsCollegeMastersDutyDisciplineAuthorityBenefitsEconomicsUniversityEaseBehaveNeglectDiligenceColleges And Universities
Author:Adam Smith
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