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Economy Quotes

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Economy Quotes

“The difference between [socialism and fascism] is superficial and purely formal, but it is significant psychologically: it brings the authoritarian nature of a planned economy crudely into the open. The main characteristic of socialism (and of communism) is public ownership of the means of production, and, therefore, the abolition of private property. The right to property is the right of use and disposal. Under fascism, men retain the semblance or pretense of private property, but the government holds total power over its use and disposal.”

“With deregulation, one sector of the economy after another is "liberated" to capital's unmonitored authority. The very notion that there is a public interest is contested.”

Interest Economy Authority Notion Liberated Public Interest Deregulation

Author:Herbert Schiller

“It depends on the consent of the people to decide whether kings or consuls or other magistrates are to be established in authority over them, and if there is legitimate cause, the people can change a kingdom into an aristocracy, or an aristocracy into a democracy, and vice versa, as we read was done in Rome.”

People Ifs Done Wisdom Politics Causes Economy Democracy Depends Kings Authority Vices Kingdoms Liberalism Rome Consent Vice Versa Aristocracy Magistrates People Can Change

Author:Robert Bellarmine

“The worship of the nation has been able to make men tolerate under its authority what they could never have tolerated from princes: a submission to rule, which, through sumptuary laws on food and drink, through conscription, through a cast-iron system of compulsory instruction for all on State ordered lines, and through a State examination at the gate of every profession, has almost killed the citizen's power to react upon that which controls him, and has almost destroyed that variety which is the mark of life.”

“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.”

“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

“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)

“The Federal Republic of Yugoslavia authorities face the complicated task of stabilising and reviving a devastated economy after years of regional conflicts, international isolation and economic mismanagement.”

Years Faces Economy Economic Conflict Authority Tasks International Complicated Isolation Republic Devastated Yugoslavia Mismanagement

Author:Stanley Fischer

“If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.”

Ifs Political Politics Economy Position Activity Authority Institutions Financial Tendencies Fringe Disruptive Constrain Financial Institutions

Author:Hyman Minsky