Economics Quotes - Page 20

• The desire for economic prosperity is itself not culturally determined but almost universally shared

  Francis Fukuyama

  Desire, Determined, Prosperity

  Francis Fukuyama (1995). “Trust: the social virtues and the creation of prosperity”, Free Pr

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• There should be perfect freedom, legal and social, to do the action and stand the consequences. It would be a great misunderstanding of this doctrine to suppose that it is one of selfish indifference, which pretends that human beings have no business with each other's conduct in life, and that they should not concern themselves about the well-doing or well-being of one another, unless their own interest is involved.

  John Stuart Mill

  Selfish, Doctrine, Would Be

  "Utilitarianism and On Liberty: Including 'Essay on Bentham' and Selections from the Writings of Jeremy Bentham and John Austin".

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• Here is a law which is above the King and which even he must not break. This reaffirmation of a supreme law and its expression in a general charter is the great work of Magna Carta; and this alone justifies the respect in which men have held it

  Winston Churchill

  Kings, Men, Expression

  Sir Winston Churchill, Timothy Baker (1968). “The island race”

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• The English practice of accommodating the rules of commercial law to commercial practice. The line of causation ran from economic need to legal response

  Nathan Rosenberg

  Law, Practice, Needs

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• A government debt is a government claim against personal income and private property - an unpaid tax bill.

  Hans F. Sennholz

  Government Debt, Liberty, Income

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• Voters who live off taxpayers are the Democrats' ace in the hole. The Democrats created big programs and never let the recipients forget it. This gives them an initial advantage of tens of millions of votes in any presidential election.

  Joseph Sobran

  Giving, Presidential, Liberty

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• The laws of economics tell us that the expansion of the central state can't go on forever. Its limit is reached when the looted turn on the looters. And that's beginning to happen. More than six decades of hard work for American liberty beginning with the Old Right opposition to the Roosevelt Revolution and continuing with the Mises Institute, is beginning to bear fruit.

  Llewellyn Rockwell

  Hard Work, Law, Forever

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• If you would not confront your neighbor and demand his money at the point of a gun to solve every new problem that may appear in your life, you should not allow the government to do it for you.

  William E. Simon

  Gun, Government, Liberty

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• The free market punishes irresponsibility. Government rewards it.

  Harry Browne

  Government, Liberty, Libertarian

  "Liberty A to Z". Book by Harry Browne (p. 76), 2004.

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• Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune.

  Milton Friedman

  Country, Cheer, Leader

  Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.9, Houghton Mifflin Harcourt

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• The welfare state is the oldest con game in the world. First you take people's money away quietly, and then you give some of it back to them flamboyantly.

  Thomas Sowell

  Games, People, Giving

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• If politicians were serious about day care for children, instead of just sloganizing about it, nothing they could do would improve the quality of child care more than by lifting the heavy burden of taxation that forces so many families to have both parents working.

  Thomas Sowell

  Children, Day Care, Parent

  Thomas Sowell (2013). “Controversial Essays”, p.319, Hoover Press

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• Consider Social Security. The young have always contributed to the support of the old. Earlier, the young helped their own parents out of a sense of love and duty. They now contribute to the support of someone else's parents out of compulsion and fear. The voluntary transfers strengthened the bonds of the family; the compulsory transfers weaken those bonds.

  Milton Friedman

  Support, Parent, Liberty

  Milton Friedman, William Richard Allen (1983). “Bright promises, dismal performance: an economist's protest”, Harcourt Brace Jovanovich Inc.

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• The fact throughout history is that whenever government dominates the economic affairs of its citizenry, a free society is eroded, then destroyed, and a minority government ensues. Personal liberty without economic liberty is an absolute contradiction; the one cannot exist without the other.

  William E. Simon

  Government, Liberty, Minorities

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• Somehow, the fact that more poor people are on welfare, receiving more generous payments, does not seem to have made this country a nice place to live - not even for the poor on welfare, whose condition seems not noticeably better than when they were poor and off welfare. Something appears to have gone wrong; a liberal and compassionate social policy has bred all sorts of unanticipated and perverse consequences.

  Irving Kristol

  Country, Nice, People

  Irving Kristol (1995). “Neoconservatism: The Autobiography of an Idea”, p.48, Simon and Schuster

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• The greatest productive force is human selfishness.

  Robert A. Heinlein

  Liberty, Selfishness, Libertarian

  Robert A. Heinlein (1987). “Time Enough for Love”, p.325, Penguin

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• A traffic jam is a collision between free enterprise and socialism. Free enterprise produces automobiles faster than socialism can build roads and road capacity.

  Andrew Joseph Galambos

  Liberty, Jam, Libertarian

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• What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.

  Ludwig von Mises

  Men, People, Liberty

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• He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.

  Ludwig von Mises

  Fall, Liberty, May

  Ludwig von Mises (2016). “Human Action”, p.241, Lulu Press, Inc

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• Asking liberals where wages and prices come from is like asking six-year-olds where babies come from.

  Thomas Sowell

  Baby, Years, Liberty

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• The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.

  Thomas Sowell

  Competition, Desire, Liberty

  Thomas Sowell (1996). “Knowledge And Decisions”, p.225, Basic Books

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• We cannot restore traditional American freedom unless we limit the government's power to tax. No tinkering with this, that, or the other law will stop the trend toward socialism. We must repeal the Sixteenth Amendment.

  Frank Chodorov

  Government, Law, Liberty

  Frank Chodorov (2007). “Income Tax: Root of All Evil”, p.10, Ludwig von Mises Institute

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• I have long aspired to make our company a noble prototype of industry, penetrating in science, reliable in engineering, creative in aesthetics and wholesomely prosperous in economics.

  Edwin Land

  Science, Engineering, Long

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• What good does the theory [of economics] do if it is not working for people?

  Muhammad Yunus

  People, Doe, Poverty

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• The things best to know are first principles and causes, but these things are perhaps the most difficult for men to grasp, for they are farthest removed from the senses.

  Aristotle

  Ignorance, Men, Principles

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