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Economy Quotes

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Economy Quotes

“You know, in a business, you have to operate on the basis of voluntary investment by individuals in a cause. With government, there is no voluntary effort to invest capital. It's just taken and invested. And the same accountability is not at play. The same natural forces in the economy are not at play.”

Knows Play Government Individual Force Causes Natural Effort Economy Taken Bases Investment Accountability

Author:Mike Lee

“I think the actions taken by the (rate-setting) Federal Open Market Committee have been the appropriate actions. And I assume we will continue to take the appropriate actions, depending on what is happening with the data and the dynamics of the economy”

Thinking Has Beens Action Economy Taken Happenings Assuming Rate Setting Settings Data Appropriate Committees Dynamics

Author:Bill Vaughan

“The economy - once a great scatter of small productive units in autonomous balance, has become dominated by two or three hundred giant corporations, administratively and politically interrelated... The political order, once a decentralized set of several dozen states with a weak spinal cord, has become a centralized executive establishment which has taken up into itself many powers previously scattered... The military order, once a slim establishment in a context of distrust fed by state militia, has become the largest and most expensive feature of government.”

“Justice being taken away, then, what are kingdoms but great robberies? For what are robberies themselves, but little kingdoms.”

Littles Wisdom Politics Justice Economy Taken Kingdoms Liberalism Robbery

Book:The City of God

Source: The City of God

“The commotions that have taken place in America, as far as they are yet known to me, offer nothing threatening. They are a proof that the people have liberty enough, and I could not wish them less than they have. If the happiness of the mass of the people can be secured at the expense of a little tempest now and then, or even of a little blood, it will be a precious purchase. 'Malo libertatem periculosam quam quietem servitutem.' Let common sense and common honesty have fair play, and they will soon set things to rights.”

Source: Correspondence

“The path the capitalist revolution will take faces in exactly the opposite direction from that taken by the communist revolution. It seeks to diffuse the private ownership of capital instead of abolishing it entirely. It seeks to make all men capitalists instead of preventing anyone from being a capitalist by making the State the only capitalist.”

Men States Wisdom Faces Politics Economy Path Taken Revolution Opposites Liberalism Communist Capitalist Ownership Preventing

Author:Louis O. Kelso

“(I)t is highly questionable whether when 'Europe speaks with one voice', as we are so often told it is doing, anyone is really listening. Europe's reputation as a serious player in international affairs is unenviable. It is a feeble giant who desperate attempts to be taken seriously are largely risible. It has a weak currency and a sluggish inflexible economy, still much reliant on hidden protectionism. It has a shrinking, ageing, population and, with the exception of Britain, rather unimpressive armed forces and, not excepting Britain, muddled diplomacy.”

“China has seen a great deal of economic progress. It's certainly rather of a miracle. The growing role of the market in the economy will force China to open up its political system over time and to move toward a more democratic society. So taken as a whole, the one real failure in this whole business has been Russia.”

Has Beens Real Whole Moving Political Force Deals Roles Economy Taken Growing Progress Economic Miracle Democratic China Russia Political Systems Democratic Society Economic Progress

Author:Milton Friedman

“As an element in human progress, the right of private property, in importance, has taken first and almost only place in the current systems of law and of political economy. While admitting its great importance, we cannot conceal the fact that the writers on those subjects have wholly failed to distinguish between its use and its abuse, or to recognize its rational and equitable limits.”

“Man is a great blunderer going about in the woods, and there is no other except the bear makes so much noise. ... The cunningest hunger is hunted in turn, and what he leaves of his kill is meat for some other. That is the economy of nature, but with it all there is not sufficient account taken of the works of man. There is no scavenger that eats tin cans, and no wild thing leaves a like disfigurement on the forest floor.”

Source: Essential Mary Austin: A Selection of Mary Austin's Best Writing

“The phenomenon of home schooling is a wonderful example of the American can-do attitude. Growing numbers of parents have become disenchanted with government-run public schools. Many parents have simply taken matters into their own hands, literally.”

Source: A New Birth of Freedom: Vision for America