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Economy Quotes

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Economy Quotes

“It is of no small commendation to manage a little well. To live well in abundance is the praise of the estate, not of the person. I will study more how to give a good account of my little, than how to make it more.”

Giving Wells Littles Persons Economy Study Accounts Praise Manage Abundance Estates Live Well Commendation

Book:The Works of Joseph Hall: Devotional works; Miscellaneous theology

Source: The Works of Joseph Hall: Devotional works; Miscellaneous theology

“I thank God, I have been able, by adopting Principles of strict Economy and Frugality, to keep my principal, I mean my Country-Estate, unimpaired.”

Mean Has Beens Country Able Principles Economy Thank God Principal Estates Strict Adopting Frugality

Author:George Mason

“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

Real Problem Lying Ability Economy Serious Labor Essence Financial Debt Saving Spheres Factories Bubbles Estates Savings Overhead Bond Market

Author:Michael Hudson

“The party should stand for a constantly wider diffusion of property. That is the greatest social and economic security that can come to free men. It makes free men. We want a nation of proprietors, not a state of collectivists. That is attained by creating a national wealth and income, not by destroying it. The income and estate taxes create an orderly movement to diffuse swollen fortunes more effectively than all the quacks.”

Source: Addresses Upon the American Road

“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)

“We may... affirm that the balance of power in a society accompanies the balance of property in land. The only possible way, then, of preserving the balance of power on the side of liberty and public virtue is to make the acquisition of land easy to every member of society; to make a division of the land into small quantities, so that the multitude may be possessed of landed estates.”

Source: John Adams Speaking: Pound's Sources for the Adams Cantos

“If the multitude is possessed of the balance of real estate, the multitude will have the balance of power, and in that case the multitude will take care of the liberty, virtue, and interest of the multitude in all acts of government.”

Ifs Real Government Care Politics Interest Liberty Cases Economy Virtue Balance Take Care Liberalism Possessed Multitudes Estates Balance Of Power

Book:The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations

Source: The Works of John Adams, Second President of the United States: With a Life of the Author, Notes and Illustrations

“Whensoever, therefore, the legislative shall transgress this fundamental rule of society, and either by ambition, fear, folly, or corruption, endeavour to grasp themselves, or put into the hands of any other, an absolute power over the lives, liberties, and estates of the people, by this breach of trust they forfeit the power the people had put into the hands... and it devolves to the people, who have a right to resume their original liberty, and... provide for their own safety and security.”

Source: Two Treatises of Government: With a Supplement, Patriarcha, by Robert Filmer

“The idea that a relatively fixed group of privileged people might shape the economy and government for their own benefit goes against the American grain. Nevertheless, the owners and top-level managers in large income-producing properties are far and away the dominant power figures in the United States. Their corporations, banks, and agribusinesses come together as a corporate community that dominates the federal government in Washington. Their real estate, construction, and land development companies form growth coalitions that dominate most local governments.”