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Economy Quotes

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Economy Quotes

“We Americans are free to give our opinions and make our voices heard. We work in a free enterprise economy that, for over 200 years, has lifted countless individuals above the circumstances of their birth to achieve their God-given potential. We have been an exceptional country because, here, people are free to practice their faiths and worship God.”

“Political economy is the science of free society. Its theory and its history alike establish this position. Its fundamental maxims, Laissez-faire and 'Pas trop gouverner' are at war with all kinds of slavery, for they in fact assert that individuals and peoples prosper most when governed least.”

“Globalization is a bottom-up phenomenon with all actions initiated by milions of individuals, the sum total of which is globalization. No one is in charge, and no one can anticipate what the sum of all the individual initiatives will be before the result manifest. A global economy can only be the result of spontaneous order.”

“A famous, very often quoted phrase says: "That government is best, which governs least." I do not believe this to be a correct description of of the functions of a good government. Government ought to do all the things for which it is needed and for which it is established. Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. These are the functions of government within a free system, within the system of the market economy.”

“No laws, however stringent, can make the idle industrious, the thriftless provident, or the drunken sober. Such reforms can only be effected by means of individual action, economy and self-denial; by better habits, rather than by greater rights.”