Best Economy Quotes | Short & Famous Sayings Page 18

“The people of America are a people of property; almost every man is a freeholder.”

People Men Wisdom America Politics Economy Property Every Man Liberalism

“Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.”

“The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives of the people as a whole and not any single interest group. The Open Market Committee should be abolished, and its powers transferred to the Federal Reserve Board - the present public members of the committee, with reasonably short terms of office.”

“Also, the Federal Advisory Committee should be enlarged and reorganized. Members should be chosen for the broadest possible representation of the public interest, their main qualification: ability.”

Should Politics Interest Ability Economy Members Chosen Liberalism Representation Committees Qualifications Public Interest Advisory

Author:Wright Patman

“It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke about the country's need for "an elastic currency." Since then, Congress has passed the Full Employment Act, declaring its general intention to promote "maximum employment, production, and purchasing power." But it has never directly counseled the Federal Reserve.”

“There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else.”

Has Beens Ends Country Government Politics Left Interest Economy Sacrifice Gains Raised Rate Congress Agency Liberalism Reserves Federal Reserve Interest Rate Government Agencies

Author:Wright Patman

“There are many reasons why the general public doesn't really understand our monetary system. In the first place, money is something that people tend to get emotional about. After all, money involves, and always has involved, something closely akin to faith-which probably explains why in many past societies the money system has been in the hands of a priesthood, the subject of magical rites, and the ceremonial services of the tribe's medicine man.”

“In a democracy the responsibility for the Government's economic policies, which so affect the economy, normally rests with the elected representative of the people: in our case, with the President and the Congress. If these two follow economic policies inimical to the general welfare, they are accountable to the people for their actions on election day. With Federal Reserve independence, however, a body of men exist who control one of the most powerful levers moving the economy and who are responsible to no one.”

“If the Federal Reserve pursues a policy which Congress or the President believes not to be in the public interest, there is nothing Congress can do to reverse the policy. Nor is there anything the people can do. Such bastions of unaccountable power are undemocratic. The Federal Reserve System must be reformed, so that it is answerable to the elected representatives of the people.”

People Ifs Believe Politics President Interest Can Do Economy Policy Congress Pursue Liberalism Representatives Reserves Reverse Federal Reserve Public Interest

Author:Wright Patman

“The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future.”

Ifs Two Past Politics Given Economy Trouble Economic Policy Setting Rational Settings Liberalism Reserves Federal Reserve Economic Policy Steering

Author:Wright Patman

“If the world is made to furnish each individual with the means of livelihood and the instruments for his growth and progress, each man has therefore the right to find in the world what is necessary for himself. The recent Council reminded us of this: "God intended the earth and all that it contains for the use of every human being and people. Thus, as all men follow justice and unite in charity, created goods should abound for them on a reasonable basis."”

People Ifs Men World Should Humans Mean Made Use Earth Politics Individual Growth Justice Human Beings Economy Progress Bases Instruments Charity Liberalism Reasonable Goods Council Livelihood

Author:Pope Paul VI

“Individual initiative alone and the mere free play of competition could never assure successful development. One must avoid the risk of increasing still more the wealth of the rich and the dominion of the strong, whilst leaving the poor in their misery and adding to the servitude of the oppressed.”

Source: On the development of peoples

“Unless we increase our economy's productivity-its vitality and competitiveness-we will face pressure for increasing controls.”

Wisdom Faces Politics Economy Increase Pressure Productivity Liberalism Vitality Competitiveness

Author:Charles H. Percy

“Just as important, we need a new dedication to opening avenues for employee participation and motivation through profit-sharing and innovative programs of job enrichment.”

Needs Important Jobs Motivation Politics Economy Program Profit Opening Liberalism Employee Dedication Participation Innovative Avenues Enrichment Profit Sharing

Author:Charles H. Percy

“No vicarious charity can substitute for justice which is due as an obligation and is wrongfully denied.”

Wisdom Politics Justice Economy Charity Dues Obligation Liberalism Substitutes Denied Vicarious

Book:On reconstructing the social order: (Quadragesimo anno)

Source: On reconstructing the social order: (Quadragesimo anno)

“In the present state of human society, however, We deem it advisable that the wage-contract should, when possible, be modified somewhat by a contract of partnership, as is already being tried in various ways to the no small gain both of the wage-earners and of the employers. In this way wage-earners are made sharers in some sort in the ownership, or the management, or the profits.”

Way Should Humans Made States Wisdom Politics Economy Gains Management Profit Various Liberalism Contracts Partnership Ownership Employers Human Society Advisable

Author:Pope Pius XI

“For they have always unanimously maintained that nature, rather the Creator Himself, has given man the right of private ownership not only that individuals may be able to provide for themselves and their families but also that the goods which the Creator destined for the entire family of mankind may through this institution truly serve this purpose.”

Men May Able Purpose Politics Individual Given Economy Mankind Institutions Creator Liberalism Goods Ownership Destined

Book:On reconstructing the social order: (Quadragesimo anno)

Source: On reconstructing the social order: (Quadragesimo anno)

“To each, therefore, must be given his own share of goods, and the distribution of created goods, which, as every discerning person knows, is laboring today under the gravest evils due to the huge disparity between the few exceedingly rich and the unnumbered propertyless, must be effectively called back to and brought into conformity with the norms of the common good, that is, social justice.”

Source: On reconstructing the social order: (Quadragesimo anno)

“It will be impossible to put these principles into practice unless the non-owning workers through industry and thrift advance to the state of possessing some little property.”

Littles States Wisdom Politics Principles Practice Economy Impossible Industry Property Workers Liberalism Possessing Thrift

Book:On reconstructing the social order: (Quadragesimo anno)

Source: On reconstructing the social order: (Quadragesimo anno)

“In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.”

Firsts Hands Politics Wealth Pleasure Economy Economic Directors Obvious Credit Our Time Liberalism Owners Fund Immense Dictatorship Arbitrary Lending Trustees

Author:Pope Pius XI

“The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.”

Source: On reconstructing the social order: (Quadragesimo anno)

“Man cannot be exempted from his divinely-imposed obligations toward civil society, and the representatives of authority have the right to coerce him when he refuses without reason to do his duty. Society, on the other hand, cannot defraud man of his God-granted right... Nor can society systematically void these rights by making their use impossible.”

Source: Encyclical letter of Pope Pius XI on atheistic communism: official Vatican text

“Men will see in their king or in their rulers men like themselves perhaps unworthy or open to criticism, but they will not on that account refuse obedience if they see reflected in them the authority of Christ, God and Man. Peace and harmony, too, will result; for with the spread and the universal extension of the kingdom of Christ, men will become more and more conscious of the link that binds them together, and thus many conflicts will either be prevented entirely or at least their bitterness be diminished.”

“No one can be, at the same time, a sincere Catholic and a true Socialist.”

Wisdom Politics Economy Catholic Liberalism Sincere Socialist

Book:Forty Years After: Reconstructing the Social Order

Source: Forty Years After: Reconstructing the Social Order

“"Religious Socialism," "Christian Socialism," are expressions implying a contradiction in terms.”

Wisdom Christian Politics Term Religious Economy Expression Socialism Liberalism Contradiction Implying

Book:Forty Years After: Reconstructing the Social Order

Source: Forty Years After: Reconstructing the Social Order

“Always moved by religious motives, the Church has condemned the various forms of Marxist Socialism; and she condemns them today, because it is her permanent right and duty to safeguard men from currents of thought and influence that jeopardize their eternal salvation.”

Men Wisdom Today Form Politics Church Religious Economy Influence Duty Eternal Moved Salvation Currents Various Socialism Permanent Motive Liberalism Marxist Jeopardize

Author:Pope Pius XI

“This organic conception of society, the only vital conception, combines a noble humanism with the genuine Christian spirit, and it bears the inscription from Holy Writ which St. Thomas has explained: "The work of justice shall be peace"; a text applicable to the life of a people whether it be considered in itself or in its relations with other nations.”

People Christian Spirit Politics Nations Justice Economy Bears Holy Relation Humanism Noble Genuine Liberalism Conception Inscriptions St Thomas

Author:Pope Pius XI

“Therefore the dignity of the human person normally demands the right to the use of earthly goods as the natural foundation for a livelihood; and to that right corresponds the fundamental obligation to grant private property, as far as possible, to all.”

Humans Persons Use Politics Natural Economy Demand Dignity Foundation Fundamentals Property Obligation Liberalism Goods Grants Private Property Livelihood

Author:Pope Pius XI

“Courage and wisdom are, indeed, rarities amongst men, but of all that is good, a just man it would seem is the most scarce.”

Men Wisdom Seems Politics Economy Liberalism Scarce Rarity

Book:Lives of the noble Grecians and Romans: Top Biography

Source: Lives of the noble Grecians and Romans: Top Biography

“For the rich men without scruple drew the estate into their own hands, excluding the rightful heirs from their succession; and all the wealth being centred upon the few, the generality were poor and miserable. Honourable pursuits, for which there was no longer leisure, were neglected; the state was filled with sordid business, and with hatred and envy of the rich.”

Source: The Lives of the Noble Grecians and Romans, Volume II: (A Modern Library E-Book)

“For there is no virtue, the honour and credit for which procures a man more odium from the elite than that of justice; and this, because more than any other, it acquires a man power and authority among the common people. For they only honour the valiant and admire the wise, while in addition they also love just men, and put entire trust and confidence in them.”

People Men Politics Justice Common Economy Virtue Wise Authority Credit Admire Liberalism Acquire Honour Elites Valiant

Author:Plutarch

“They fought indeed and were slain, but it was to maintain the luxury and the wealth of other men.”

Men Politics Wealth Economy Luxury Liberalism

Book:Lives of the noble Grecians and Romans: Top Biography

Source: Lives of the noble Grecians and Romans: Top Biography

“Justice makes the life of such as are in prosperity, power and authority the life of a god, and injustice turns it to that of a beast.”

Wisdom Turns Politics Justice Economy Authority Injustice Prosperity Beast Liberalism

Book:The Lives of the Noble Grecians and Romans, Volume I: (A Modern Library E-Book)

Source: The Lives of the Noble Grecians and Romans, Volume I: (A Modern Library E-Book)

“Nor let us part with justice, like a cheap and common thing, for a small and trifling price.”

Wisdom Politics Justice Common Economy Liberalism Trifling Common Things

Book:Lives of the noble Grecians and Romans: Top Biography

Source: Lives of the noble Grecians and Romans: Top Biography

“Of the land which the Romans gained by conquest from their neighbours, part they sold publicly, and turned the remainder into common; this common land they assigned to such of the citizens as were poor and indigent, for which they were to pay only a small acknowledgment into the public treasury. But when the wealthy men began to offer larger rents, and drive the poorer people out, it was enacted by law that no person whatever should enjoy more than five hundred acres of ground.”

Source: Plutarch's Lives: The Translation Called Dryden's

“Rome was in the most dangerous inclination to change on account of the unequal distribution of wealth and property, those of highest rank and greatest spirit having impoverished themselves by shows, entertainments, ambition of offices, and sumptuous buildings, and the riches of the city having thus fallen into the hands of mean and low-born persons. So that there wanted but a slight impetus to set all in motion, it being in the power of every daring man to overturn a sickly commonwealth.”

Source: Greek and Roman Lives

“It's the nature of government, to build enduring institutions, structures that stay long after their purpose is over. If you pay people to help the poor, you have people who won't be paid if there aren't any poor, so they'll be sure to find some.”

People Ifs Long Helping Government Purpose Politics Poor Pay Economy Paid Institutions Structure Endure Liberalism Help The Poor

Author:Jerry Pournelle

“We hold that the ownership of private property is the right and privilege of every American citizen and is one of the foundation stones upon which this nation and its free enterprise system has been built and has prospered. We feel that private property rights and human rights are inseparable and indivisible. Only in those nations that guarantee the right of ownership of private property as basic and sacred under their law is there any recognition of human rights.”

“Some years ago a top Ford official was showing the late Walter Reuther through the very automates plant in Cleveland, Ohio and he said to him jokingly, "Walter, you'll have a hard time collecting union dues from these machines." and Walter said, "you are going to have more trouble trying to sell automobiles to them." Both of them let it stop there. There was a logical answer to that ... the owners of the machines could buy automobiles and if you increase the number of owners you increase the number of consumers.”

“Over hundred years ago Abraham Lincoln signed the Homestead Act. There was wide distribution of land and they didn't confiscate anyone's privately owned land... We need an industrial Homestead Act.”

Needs Years Wisdom Politics Economy Land Hundred Years Ago Wide Liberalism Distribution Abraham Homestead Act

Author:Ronald Reagan

“Could there be a better answer to the stupidity of Karl Marx than millions of workers individually sharing in the ownership of the means of production.”

Mean Wisdom Politics Answers Millions Economy Workers Productions Stupidity Liberalism Ownership

Author:Ronald Reagan

“I've long believed one of the mainsprings of our own liberty has been the widespread ownership of property among our people and the expectation that anyone's child, even from the humblest of families, could grow up to own a business or corporation.”

People Children Long Has Beens Wisdom Politics Grows Liberty Economy Growing Up Expectations Property Corporations Liberalism Ownership Homestead Act

Book:Ronald Reagan

Source: Ronald Reagan

“Meanwhile, what about the workers in those state monopolies that are being put up for sale? I am reminded of a technique for employee ownership that has worked well for many U.S. companies. It goes by various names, but the best known is "Employee Stock Ownership Program," or ESOP.”

Wells States Wisdom Politics Names Company Known Economy Program Workers Various Technique Liberalism Employee Ownership Monopoly Esops

Author:Ronald Reagan

“Our economic assistance must be carefully targeted, and must make maximum use of the energy and efforts of the private sector... Economic freedom is the world's mightiest engine for abundance and social justice... Developing countries need to be encouraged to experiment with a growing variety of arrangements for profit sharing and expanded capital ownership.”

Source: Ronald Reagan

“Our Founding Fathers well understood that concentrated power is the enemy of liberty and the rights of man. They knew that the American experiment in individual liberty, free enterprise and republican self-government could succeed only if power were widely distributed. And since in any society social and political power flow from economic power, they saw that wealth and property would have to be widely distributed among the people of the country. The truth of this insight is immediately apparent.”

“Could there be anything resembling a free enterprise economy, if wealth and property were concentrated in the hands of a few, while the great majority owned little more than the shirts on their backs?”

Ifs Littles Wisdom Hands Politics Wealth Economy Majority Property Shirts Liberalism Enterprise Free Enterprise

Author:Ronald Reagan

“Could there be anything but widespread misery, where a privileged few controlled a nation's wealth, while millions labored for a pittance, and millions more were desperate for want of employment?”

Want Wisdom Politics Nations Wealth Millions Economy Misery Employment Desperate Liberalism Controlled Privileged

Author:Ronald Reagan

“It should be clear to everyone that the nation's steadfast policy should afford every American of working age a realistic opportunity to acquire the ownership and control of some meaningful form of property in a growing national economy.”

“This is not to say that the government should confiscate from the "haves" and bestow upon the "have-nots", beyond the requirements of a compassionate welfare program to provide for those who cannot provide for themselves. Far from it. But it is to say that our duty is to foster a strong, vibrant wealth-producing economy which operates in such a way that new additions to wealth accrue to those who presently have little or no ownership stake in their country.”

Way Should Littles Country Government Politics Strong Wealth Economy Duty Program Welfare Liberalism Compassionate Stakes Ownership Requirements Welfare Programs

Author:Ronald Reagan

“The people of Central America - and, in a broader sense, the entire developing world - need to know first-hand that freedom and opportunity are not just for the elite, but the birthright of every citizen; that property is not just something enjoyed by a few, but can be owned by any individual who works hard and makes correct decisions.”

People Knows World Needs Firsts Hard Hands America Opportunity Politics Individual Decision Economy Hard Work Citizens Property Enjoyed Developing Liberalism Elites Birthright Central America

Book:Ronald Reagan

Source: Ronald Reagan

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