“If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.” IfsYearsGovernmentPoliticalPoliticsLibertyEconomicsLibertarianSocialismDesertSandLibertarianismFederal GovernmentEconomistShortageChargingFree GovernmentLimiting GovernmentFederalismFunny PoliticalFree Market CapitalismSaharaDesert SandSahara Desert Author:Milton Friedman
“With various people complaining about "price gouging?... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" ? not even when they bulldoze people's homes in order to turn.” PeopleHomeGovernmentOrderTurnsTermTaxesGreedVariousComplainingEconomistAccused Author:Thomas Sowell
“Economics is extremely useful as a form of employment for economists.” GovernmentFormEconomicEconomicsEmploymentEconomistEconomy And EconomicsSupply Side EconomicsHome EconomicsStudying Economics Author:John Kenneth Galbraith
“Government spending? I don't know what it's all about. I don't know any more about this thing than an economist does, and, God knows, he doesn't know much.” KnowsDoeGovernmentPoliticsSpendingEconomistGod KnowsGovernment Spending Author:Will Rogers
“Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.” GivingLittlesGovernmentLawValuesProcessAcceptingPsychologyEconomicObjectsWillingGiving UpFairsEconomicsBetrayEconomistMisunderstandingSubjectiveUtilitySellersBuyersEconomic Value Author:L. Neil Smith
“When I was Governor, Louis Kelso went out of his way to brief me. I was very impressed, but I was never able to get any of the economists in state government to give him the help his plan deserves.” WayGivingStatesHelpingWisdomGovernmentAblePoliticsEconomyPlansDeserveLiberalismGovernorsImpressedEconomistState Government Author:Jerry Brown