“The chief arguments that are urged against an established religion, may be used with equal force against an established charity. The dissenter submits, that no party has a right to compel him to contribute to the support of doctrines, which do not meet his approbation. The rate-payer may as reasonably argue, that no one is justified in forcing him to subscribe towards the maintenance of persons, whom he does not consider deserving of relief.” MayPersonsDoePhilosophyPoliticalUsedForcePartySupportEqualEconomicsArgumentCharityRateArguingDoctrineChiefsReliefSubmitJustifiedDeservingMaintenance Book:The Proper Sphere of Government: a Reprint of a Series of Letters, Originally Published in Source: The Proper Sphere of Government: a Reprint of a Series of Letters, Originally Published in
“By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.” MayCountryStatesGovernmentEconomyIssuesRiskMembersCreatingEconomicsPrintExposedCurrencyAbsentDefaultCentral BanksDeveloped CountryDepreciate Author:George Soros
“Human beings are no longer born to their place in life...but are free to employ their faculties and such favorable chances as offer, to achieve the lot which may appear to them as desirable.” HumansMayBornChanceHuman BeingsAchieveOffersEconomicsFacultyDesirablePlace In Life Author:John Stuart Mill
“...how engaged are your employees right now? You may consider such a question impossible to answer, but the truth is, you need to know this if you want a more profitable, ethical organization, as everyone must share the same values to make the changes genuine” IfsKnowsWantNeedsMayValuesAnswersBusinessImpossibleShareRight NowTruth IsEconomicsOrganizationManagementGenuineEngagedEmployeeEthicalProfitable Author:Jim Craig
“The Gods did not reveal, from the beginning, all things to us, but in the course of time through seeking we may learn & know things better. But as for certain truth no man knows it, nor shall he know it, neither of the Gods nor yet of all things that I speak. For even if by chance he were to utter The Final Truth, he would himself not know it: for all is but a woven web of guesses.” IfsKnowsMenMayCertainCoursesSpeakChanceIgnoranceEconomicsAll ThingsFinalsSeekingWoven Author:Xenophanes
“A man may be a tough, concentrated, successful moneymaker and never contribute to his country anything more than a horrible example. A manager may be tough and practical, squeezing out, while the going is good, the last ounce of profit and dividend, and may leave behind him an exhausted industry and a legacy of industrial hatred. A tough manager may never look outside his own factory walls or be conscious of his partnership in a wider world. I often wonder what strange cud such men sit chewing when their working days are over, and the accumulating riches of the mind have eluded them.” MenWorldMindLooksMayCountryLastsBusinessBehindsWonderSuccessfulExampleStrangeWallIndustryConsciousToughEconomicsHatredProfitRichesPracticalsHorribleManagersLegacyFactoriesPartnershipExhaustedDividendsChewingSqueezing Author:Robert Menzies
“As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics. And with this striking lack of credentials, you may wonder why I have the chutzpah to be up here giving this talk. The answer is I have a black belt in chutzpah. I was born with it.” KnowsGivingMayFactsCoursesBlackBornAnswersInterestingWonderWeaknessEconomicsAcademicEntitledBeltsStrength And WeaknessCredentialsBlack BeltInteresting Fact Author:Charlie Munger
“The key words of violent economics are urbanization, industrialization, centralization, efficiency, quantity, speed. . . . The problem of evolving a nonviolent way of economic life [in the West] and that of developing the underdeveloped countries may well turn out to be largely identical.” WayLifeWellsMayCountryProblemTurnsEconomicKeysEconomicsWestSpeedViolentDevelopingEvolveQuantityEfficiencyIdenticalIndustrializationCentralizationUrbanizationUnderdeveloped Countries Author:E. F. Schumacher
“We do not need to understand economics in order to experience the benefits of freedom of exchange and production. But we may very well need to understand economics in order to sustain and maintain the institutional framework that enables us to realize the benefits that flow from freedom of exchange and production.” NeedsWellsMayOrderRealizingBenefitsEconomicsFlowProductionsFramework Author:Peter Boettke