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Wisdom Quotes

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Wisdom Quotes

“We have seen that this great labor question cannot be solved save by assuming as a principle that private ownership must be held sacred and inviolable. The law, therefore, should favor ownership, and its policy should be to induce as many as possible of the people to become owners.”

PeopleShouldWisdomLawPoliticsPrinciplesEconomyPolicyLaborSacredAssumingFavorsLiberalismOwnersOwnership
Book:The Pope and the People: Select Letters and Addresses on Social Questions
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“Therefore those governing the State ought primarily to devote themselves to the service of individual groups and of the whole commonwealth, and through the entire scheme of laws and institutions to cause both public and individual well-being to develop spontaneously out of the very structure and administration of the state.”

WellsStatesWholeWisdomLawPoliticsIndividualCausesEconomyGroupsOughtInstitutionsStructureAdministrationWell BeingLiberalismSchemesGoverningCommonwealth
Book:On the Condition of Workers
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“It has been the fashion to speak of the conflict between human rights and property rights, and from this it has come to be widely believed that the use of private property is tainted with evil and should not be espoused by rational and civilized men... the only dependable foundation of personal liberty is the personal economic security of private property. The Good Society.”

MenShouldHumansHas BeensUseWisdomEvilPoliticsSpeakLibertyEconomyRightsEconomicSecurityFashionConflictFoundationPropertyHuman RightsRationalLiberalismCivilizedPrivate PropertyProperty RightsTaintedDependablePersonal LibertyEconomic Security
Author:Walter Lippmann
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“Bring on those tired, labor-plagued, competition-weary companies and ESOP will breathe new life into them. They will find ESOP better than Geritol. It will revitalize what is wrong with capitalism. It will increase productivity. It will improve labor relations. It will promote economic justice. It will save the economic system. It will make our form of government and our concept of freedom prevail over those who don't agree with us.”

WisdomGovernmentFormPoliticsJusticeCompanyEconomyEconomicConceptsCapitalismLaborIncreaseRelationAgreeTiredCompetitionBreatheProductivityLiberalismWearyNew LifeForms Of GovernmentEconomic SystemsEconomic JusticeEsops
Author:Russell B. Long
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“We are free today substantially, but the day will come when our Republic will be an impossibility. It will be an impossibility because wealth will be concentrated in the hands of a few. A Republic cannot stand upon bayonets, and when the day comes when the wealth of the nation will be in the hands of a few, then we must rely upon the wisdom of the best elements in the country to readjust the laws of the nations to the changed conditions.”

CountryWisdomHandsTodayLawPoliticsNationsWealthEconomyConditionsChangedElementsRelyLiberalismRepublicImpossibilityRely UponBayonetsConcentration Of Wealth
Author:James Madison
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“A people among whom there is no habit of spontaneous action for a collective interest - who look habitually to their government to command or prompt them in all matters of joint concern - who expect to have everything done for them, except what can be made an affair of mere habit and routine - have their faculties only half developed; their education is defective in one of its most important branches.”

PeopleLooksMadeImportantMatterDoneWisdomGovernmentActionPoliticsInterestHalfEconomyHabitConcernMereAffairCommandBranchesLiberalismCollectivesFacultyRoutineSpontaneousJointsPromptsDefective
Book:Principles of Political Economy: With Some of Their Applications to Social Philosophy : in Two Volumes
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“The industrial economy which divides society absolutely into two portions, the payers of wages and the receivers of them, the first counted by thousands and the last by millions, is neither fit for, nor capable of, indefinite duration: and the possibility of changing this system for one of combination without dependence, and unity of interest instead of organized hostility, depends altogether upon the future developments of the Partnership principle.”

FirstsTwoWisdomLastsPoliticsInterestPrinciplesMillionsEconomyPossibilityDependsDevelopmentFitCapableUnityCombinationOrganizedLiberalismDividesPortionsPartnershipDependenceWagesHostilityDurationReceiverFuture Development
Book:Principles of political economy with some of their applications to social philosophy
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“If history could prove and teach us anything, it would be the private ownership of the means of production as a necessary requisite of civilization and material well-being. All civilizations have up to now been based on private property. Only nations committed to the principle of private property have risen above penury and produced science, art, and literature. There is no experience to show that any other social system could provide mankind with any of the achievements of civilization.”

IfsWellsMeanArtShowsWisdomWould BeLiteraturePoliticsNationsSocialPrinciplesTeachEconomyMankindMaterialsCivilizationProveAchievementPropertyCommittedProductionsWell BeingLiberalismOwnershipRisenPrivate PropertySocial Systems
Author:Ludwig von Mises
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“Centralize property in the hands of a few and the millions are under bondage to property - a bondage as absolute and deplorable as if their limbs were covered with manacles. Abstract all property from the hands of labor and you thereby reduce labor to dependence; and that dependence becomes as complete a servitude as the master could fix upon his slave.”

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Author:Lewis Henry Morgan
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“The dissolution of society bids fair to become the termination of a career of which property is the end and aim, because such a career contains the elements of self-destruction. Democracy in government, brotherhood in society, equality in rights and privileges, and universal education, foreshadow the next higher plane of society to which experience, intelligence and knowledge are steadily tending.”

EndsSelfWisdomGovernmentNextPoliticsCareersEconomyDemocracyRightsHigherElementsFairsDestructionUniversalAimPropertyPrivilegePlanesLiberalismBrotherhoodSelf DestructionDissolutionTerminationRights And PrivilegesUniversal Education
Book:The Indian Journals, 1859-62
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“Nine-tenths of the people are at present freeholders... The time is not distant when this country will abound with mechanics and manufacturers who will receive their bread from their employers. Will such men be the secure and faithful guardians of liberty? Give the votes to people who have no property, and they will sell them to the rich who will be able to buy them.”

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Author:Gouverneur Morris
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“Marxism was the social creed and the social cry of those classes who knew by their miseries that the creed of the liberal optimists was s snare and a delusion... Liberalism and Marxism share a common illusion of the "children of light." Neither understands property as a form of power which can be used in either its individual or its social form as an instrument of particular interest against the general interest.”

ChildrenWisdomLightFormUsedPoliticsIndividualSocialInterestCommonClassEconomyShareCryParticularIllusionInstrumentsPropertyMiseryLiberalismDelusionCreedsOptimistMarxismSnares
Author:Reinhold Niebuhr
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“Liberalism makes this mistake in regard to private property and Marxism makes it in regard to socialized property... The Marxist illusion is partly derived from a romantic conception of human nature... It assumes that the socialization of property will eliminate human egotism... The development of a managerial class in Russia, combing economic with political power, is an historic refutation of the Marxist theory.”

HumansWisdomPoliticalPoliticsMistakeClassEconomyEconomicHuman NatureTheoryDevelopmentIllusionRegardAssumingPropertyRussiaLiberalismConceptionHistoricMarxismEgotismPrivate PropertyPolitical PowerMarxistSocializationRefutationMarxist Theory
Author:Reinhold Niebuhr
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“Government has the responsibility to provide the climate in which Americans, all Americans, have an opportunity for good jobs; and not only for good jobs, but an opportunity if they have the ability and the desire, to be owners and managers, to have a piece of the action, because if they have a piece of the action, then they believe in the system rather than fighting against it.”

IfsBelieveWisdomGovernmentActionJobsDesireFightingOpportunityPoliticsAbilityResponsibilityEconomyPiecesClimateManagersLiberalismOwnersGood Job
Author:Richard M. Nixon
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“We must adopt reforms which will expand the range of opportunities for all Americans. We can fulfill the American dream only when each person has a fair chance to fulfill his own dreams. This means equal voting rights, equal employment opportunity and new opportunities for expanded ownership, because in order to be secure in their human rights, people need access to property rights.”

PeopleNeedsHumansMeanPersonsWisdomDreamOrderOpportunityPoliticsChanceEconomyRightsEqualFairsPropertyHuman RightsAccessEmploymentSecureReformRangeLiberalismVotingAmerican DreamOwnershipProperty RightsRight To VoteNew OpportunityEmployment Opportunities
Book:Public Papers of the Presidents of the United States: Richard M. Nixon, 1970
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“The market, if it can be kept honest and competitive, does provide very strong incentives for work effort and productive contributions. In their absence, society would thrash about for alternative incentives-some unreliable, like altruism; some perilous like collective loyalty; some intolerable, like coercion or oppression.”

IfsDoeWisdomPoliticsStrongEffortEconomyHonestAbsenceLoyaltyOppressionAlternativesContributionLiberalismProductiveCollectivesVery StrongAltruismIncentivesCoercionUnreliableWork Effort
Author:Arthur Melvin Okun
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“Bad as "independence" is, the main fault of the Federal Reserve System - an admirable system if conducted in the public interest - is that too much power and control rests in the hands of people whose private interests are directly affected by the Federal Reserves' actions.”

PeopleIfsWisdomHandsActionPoliticsInterestEconomyToo MuchIndependenceFaultsLiberalismAffectedReservesAdmirableFederal ReservePublic InterestPower And ControlToo Much Power
Author:Wright Patman
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“The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives of the people as a whole and not any single interest group. The Open Market Committee should be abolished, and its powers transferred to the Federal Reserve Board - the present public members of the committee, with reasonably short terms of office.”

PeopleShouldWholeWisdomPoliticsTermInterestEconomyGroupsMembersOfficeServantBoardsLiberalismRepresentativesReservesCommitteesShort TermFederal ReservePublic InterestPublic ServantsInterest Groups
Author:Wright Patman
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“It may seem strange, but Congress has never developed a set of goals for guiding Federal Reserve policy. In founding the System, Congress spoke about the country's need for "an elastic currency." Since then, Congress has passed the Full Employment Act, declaring its general intention to promote "maximum employment, production, and purchasing power." But it has never directly counseled the Federal Reserve.”

NeedsMayCountryWisdomSeemsPoliticsGoalEconomyPolicyStrangeIntentionCongressProductionsEmploymentLiberalismSpokesCurrencyReservesFoundingMaximumFederal ReserveDeclaringPurchasingPurchasing Power
Author:Wright Patman
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“There are many reasons why the general public doesn't really understand our monetary system. In the first place, money is something that people tend to get emotional about. After all, money involves, and always has involved, something closely akin to faith-which probably explains why in many past societies the money system has been in the hands of a priesthood, the subject of magical rites, and the ceremonial services of the tribe's medicine man.”

PeopleMenFirstsHas BeensReasonWisdomHandsPastPoliticsEconomySubjectsEmotionalInvolvedMedicineReason WhyLiberalismTribesMonetaryPriesthoodRiteGeneral PublicMonetary System
Author:Wright Patman
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“Individual initiative alone and the mere free play of competition could never assure successful development. One must avoid the risk of increasing still more the wealth of the rich and the dominion of the strong, whilst leaving the poor in their misery and adding to the servitude of the oppressed.”

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Book:On the development of peoples
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“In the present state of human society, however, We deem it advisable that the wage-contract should, when possible, be modified somewhat by a contract of partnership, as is already being tried in various ways to the no small gain both of the wage-earners and of the employers. In this way wage-earners are made sharers in some sort in the ownership, or the management, or the profits.”

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Author:Pope Pius XI
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“To each, therefore, must be given his own share of goods, and the distribution of created goods, which, as every discerning person knows, is laboring today under the gravest evils due to the huge disparity between the few exceedingly rich and the unnumbered propertyless, must be effectively called back to and brought into conformity with the norms of the common good, that is, social justice.”

KnowsPersonsWisdomTodayEvilPoliticsGivenSocialJusticeCommonEconomyRichShareHugeSocial JusticeDuesLiberalismGoodsConformityNormDistributionCommon GoodDisparityDiscerning
Book:On reconstructing the social order: (Quadragesimo anno)
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“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.”

MenReasonUseWisdomHandsPoliticsEconomyRightsImpossibleDutyAuthorityRefuseObligationGrantedLiberalismVoidRepresentativesCivil SocietyCoerce
Book:Encyclical letter of Pope Pius XI on atheistic communism: official Vatican text
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“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.”

IfsMenWisdomTogetherPoliticsChristResultsEconomyKingsConflictAuthorityConsciousCriticismUniversalAccountsHarmonyRefuseSpreadKingdomsObedienceLiberalismLinksBitternessRulersExtensionsUnworthyPeace And Harmony
Author:Pope Pius XI
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