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Economics Quotes

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Economics Quotes

“Enforced by genetics, sexual reproduction, perspective, and experience, the most manifest characteristic of human beings is their diversity. The freer an economy is, the more this human diversity of knowledge will be manifested. By contrast, political power originates in top-down processes-governments, monopolies, regulators, and elite institutions- all attempting to quell human diversity and impose order. Thus power always seeks centralization.”

“Our goal is not to assume leadership of existing institutions, but rather to render them irrelevant. We don't want to take over the state or change its policies. We want to render its laws unenforceable. We don't want to take over corporations and make them more 'socially responsible.' We want to build a counter-economy of open-source information, neighborhood garage manufacturing, permaculture, encrypted currency and mutual banks, leaving the corporations to die on the vine along with the state. We do not hope to reform the existing order. We intend to serve as its grave-diggers.”

“The Fascist State lays claim to rule in the economic field no less than in others; it makes its action felt throughout the length and breadth of the country by means of its corporate, social, and educational institutions, and all the political, economic, and spiritual forces of the nation, organised in their respective associations, circulate within the State.”

“Marriage emerged some forty-five hundred years ago and evolved into a widespread and accepted institution that bonded families, maintained order, and created wealth. Unlike today, where many of us are searching for our romantic "soul mate," marriage was originally more about economics than deep emotion.”

Years Soul Today Order Wealth Emotion Five Hundred Years Ago Economics Institutions Accepted Forty Mates Soul Mate Deep Emotions

Book:'Till Death Do Us Part: Love, Marriage, and the Mind of the Killer Spouse

Source: 'Till Death Do Us Part: Love, Marriage, and the Mind of the Killer Spouse

“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”

“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.”

“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”

“The capitalist workplace is one of the most profoundly undemocratic institutions on the face of the Earth. Workers have no say over decisions affecting them. If workers sat on the board of directors of democratically operated self-managed enterprises, they wouldn't vote for the wildly unequal distribution of profits to benefit a few and for cutbacks for the many.”

“I have an intellectual inclination for democratic institutions, but I am instinctively an aristocrat, which means that I despise and fear the masses. I passionately love liberty, legality, the respect for rights, but not democracy....liberty is my foremost passion. That is the truth.”

Mean Passion Liberty Democracy Rights Economic Mass Intellectual Economics Institutions Democratic Despise Inclination Legality

Author:Alexis de Tocqueville

“Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat.”

“Given the complexity of interpersonal relationships and institutions and the complexity of co-ordination of the actions of many people, it is enormously unlikely that, even if there were one ideal pattern for society, it could be arrived at in an a priori fashion. And even supposing that some great genius did come along with a blueprint, who could have the confidence that it could work”

People Ifs Action Given Fashion Genius Ideals Economics Institutions Patterns Complexity Unlikely Blueprints Supposing Interpersonal Supposing That Ordination Interpersonal Relationship

Author:Robert Nozick

“Men who cannot exploit the co-operative benefits derived from institutions in modern knowledge economies are discriminated against by girls and so have fewer children”

Men Children Girl Economy Modern Benefits Economics Institutions Fewer Exploits

Author:Christopher Wills

“We are confronted by the appearance of social institutions unintentionally created, vital for the welfare of society, which are not the result of reasoned planning”

Social Results Economics Institutions Appearance Planning Welfare Social Institutions

Author:Carl Menger

“Always history is being made; opinions attitudes and institutions change, and there is evolution in the nature of capitalism”

Made Attitude Opinion Evolution Capitalism Economics Institutions

Book:Selected Essays by Frank H. Knight, Volume 1:

Source: Selected Essays by Frank H. Knight, Volume 1:

“Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.”

May Hard Philosophy Jobs Political Strong Sound Serious Economics Weak Institutions Financial Requirements Hearted Financial Institutions

Author:Paul Krugman

“RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."”

Important Philosophy Political Too Much Failing Risk Discipline Lows Economics Institutions Financial Firm Macs Risk-taking Creditors Financial Institutions Mae

Author:Gary H. Stern

“First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.”

Ifs Firsts Reason Body Values Money Economy Air Economic Creatures Creating Economics Constitution Institutions Privilege Illegal Overwhelming Reserves Immoral Federal Reserve Secretive Thin Air

Author:Ron Paul