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Economics Quotes

“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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“America's abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.”

MenAmericaInterestCommonLibertySacrificeGeniusEconomicsFortuneLibertarianAbundanceProductiveLibertarianismFree MarketPursuedFree ManCommon GoodIndustrializationPersonal InterestFree Market CapitalismPolitics And Economics
Book:Capitalism: The Unknown Ideal
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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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“It's no accident that capitalism has brought with it progress, not merely in production but also in knowledge. Egoism and competition are, alas, stronger forces than public spirit and sense of duty.”

SpiritForceLibertyProgressDutyCapitalismEconomicsStrongerCompetitionProductionsAccidentsLibertarianLibertarianismAlasEgoism
Book:The Albert Einstein Collection: Essays in Humanism, The Theory of Relativity, and The World As I See It
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“People who create things nowadays can expect to be prosecuted by highly moralistic people who are incapable of creating anything. There is no way to measure the chilling effect on innovation that results from the threats of taxation, regulation and prosecution against anything that succeeds. We'll never know how many ideas our government has aborted in the name protecting us.”

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Author:Joseph Sobran
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“The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters. And that's beginning to happen. More than six decades of hard work for American liberty beginning with the Old Right opposition to the Roosevelt Revolution and continuing with the Mises Institute, is beginning to bear fruit.”

HardStatesHappensLawTurnsLibertyForeverHard WorkRevolutionGoes OnBearsLimitsSixEconomicsFruitLibertarianDecadesOppositionLibertarianismContinuingExpansionTurn-onInstituteAmerican Liberty
Author:Llewellyn Rockwell
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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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“Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.”

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Book:Bright Promises, Dismal Performance: An Economist's Protest
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“The fact throughout history is that whenever government dominates the economic affairs of its citizenry, a free society is eroded, then destroyed, and a minority government ensues. Personal liberty without economic liberty is an absolute contradiction; the one cannot exist without the other.”

FactsGovernmentLibertyEconomicEconomicsAbsolutesAffairLibertarianDestroyedContradictionMinoritiesLibertarianismFree SocietyCitizenryPersonal LibertyMinority Government
Author:William E. Simon
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“Somehow, the fact that more poor people are on welfare, receiving more generous payments, does not seem to have made this country a nice place to live - not even for the poor on welfare, whose condition seems not noticeably better than when they were poor and off welfare. Something appears to have gone wrong; a liberal and compassionate social policy has bred all sorts of unanticipated and perverse consequences.”

PeopleDoeMadeCountryFactsSeemsSocialPoorLibertyGoneNiceConditionsPolicyConsequenceEconomicsLibertarianWelfareGenerousCompassionateReceivingLibertarianismPoor PeoplePaymentAnd OffPlaces To LiveSocial Policy
Book:Neoconservatism: The Autobiography of an Idea
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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.”

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Author:Friedrich August von Hayek
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“Conservatives and liberals are kindred spirits as far as government spending is concerned. First, let's make sure we understand what government spending is. Since government has no resources of its own, and since there's no Tooth Fairy handing Congress the funds for the programs it enacts, we are forced to recognize that government spending is no less than the confiscation of one person's property to give it to another to whom it does not belong - in effect, legalized theft.”

GivingFirstsPersonsDoeGovernmentSpiritLibertyEffectsResourcesConcernedProgramEconomicsPropertyCongressSpendingLibertarianTeethFairyFundLibertarianismTheftKindredGovernment ProgramsGovernment SpendingTooth FairyKindred Spirit
Author:Walter E. Williams
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“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.”

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Author:Thomas DiLorenzo
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“According to the Tax Foundation, taxes now consume more than 38% of the average family's budget. That is more than is spent on food, clothing, housing, and transportation combined. Compare this to the plight of medieval serfs. They only had to give the lord of the manor one-third of their output - and they were considered slaves. So what does that make us?”

GivingDoeLibertyLordTaxesEconomicsThirdsFoundationSlaveAverageLibertarianCompareBudgetsClothingsLibertarianismHousingMedievalTransportationOutputPlightSerfs
Author:Daniel J. Mitchell
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“I feel obliged to withhold my approval of the plan to indulge in benevolent and charitable sentiment through the appropriation of public funds ... I find no warrant for such an appropriation in the Constitution.”

FeelsLibertyPlansEconomicsConstitutionLibertarianFundSentimentsApprovalLibertarianismObligedIndulgeCharitableBenevolentIndulge InWarrantsAppropriation
Book:Grover Cleveland, 1837-1908: chronology, documents, bibliographical aids
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“The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.”

PeopleIfsMatterLibertyStudyImpossibleEconomicConditionsPolicyApproachMassEconomicsMajorityEntrepreneurHarmDrivenIncomeCapitalistResentmentImmenseBiasEnvious
Book:Planned Chaos
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“As a cultural-intellectual power and a moral ideal, collectivism died in World War II. If we are still rolling in its direction, it is only by the inertia of a void and the momentum of disintegration. A social movement that began with the ponderous, brain-cracking, dialectical constructs of Hegel and Marx, and ends up with a horde of morally unwashed children stamping their foot and shrieking: "I want it now is through."”

IfsWorldWantChildrenStillsWarEndsSocialBrainLibertyMoralFeetMovementIntellectualIdealsEconomicsDiedWar Of The WorldsWorld War IiVoidWorld War IRollingConstructsMomentumCollectivismInertiaHordeHegelSocial MovementsDisintegration
Book:The Ayn Rand Lexicon: Objectivism from A to Z
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“Government should be good for the liberty of the governed, and that is when it governs to the least possible degree. It should be good for the wealth of the nation, and that is when it acts as little as possible upon the labor that produces it and when it consumes as little as possible. It should be good for the public security, and that is when it protects as much as possible, provided that the protection does not cost more than it brings in.... It is in losing their powers of action that governments improve. Each time that the governed gain space there is progress.”

ShouldLittlesDoePhilosophyGovernmentActionPoliticalNationsWealthSpaceLibertyProgressSecurityProduceCostProtectDegreesLosingGainsEconomicsLaborProtectionBe Good
Author:Augustin Thierry
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