Economic Quotes

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  It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

  Thomas Sowell

  Business, Stupid, Government

  "Wake Up, Parents!". Column at Jewish World Review, www.jewishworldreview.com. August 18, 2000.

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• [Freedom] is the greatest of political goods. I do not say freedom is the greatest of all goods: the best things come from within they are such things as creative art, and love, and thought. Such things can be helped or hindered by political conditions, but not actually produced by them; and freedom is, both in itself and in its relation to these other goods the best thing that political and economic conditions can secure.

  Bertrand Russell

  Art, Creative, Political

  Bertrand Russell (2015). “Proposed Roads to Freedom”, p.85, Booklassic

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• Anyone who thinks that you can have infinite growth on a planet with finite resources is either a madman or an economist.

  David Attenborough

  Thinking, Mad, Growth

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• Every month that we do not have an economic recovery package 500 million Americans lose their jobs.

  Nancy Pelosi

  Jobs, Stupid, Recovery

  "Nancy Pelosi is an idiot". Interview with Glenn Beck, www.glennbeck.com.

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• True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.

  Franklin D. Roosevelt

  Jobs, Freedom, People

  Franklin D. Roosevelt (1995). “The Essential Franklin Delano Roosevelt”, Gramercy

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• Philanthropy is commendable, but it must not cause the philanthropist to overlook the circumstances of economic injustice which make philanthropy necessary.

  Martin Luther King, Jr.

  Political, Causes, Charity

  Martin Luther King Jr. (1963). “Strength to Love”

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• Government cannot make man richer, but it can make him poorer.

  Ludwig von Mises

  Men, Liberty, Politics

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• An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

  Laurence J. Peter

  Funny, Business, Future

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• There are no two countries with the same style of economic mechanism, with the same capitalism.

  Anatoly Chubais

  Country, Two, Style

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• It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

  Adam Smith

  Business, Invisible Hand, Government

  An Inquiry into the Nature and Causes of the Wealth of Nations vol. 1, bk. 1, ch. 2 (1776)

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• By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

  John Maynard Keynes

  Money, Power, Government

  John Maynard Keynes (2016). “The Economic Consequences of the Peace”, p.121, Skyhorse Publishing, Inc.

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• It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide.

  Friedrich August von Hayek

  Differences, Today, Moral

  "A Conversation with Friedrich A. Von Hayek: Science and Socialism". Talk at American Enterprise Institute for Public Policy Research, Washington, D.C., 1979.

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• If you give me any problem in America I can trace it down to domestic violence. It is the cradle of most of the problems, economic, psychological, educational.

  Salma Hayek

  Educational, America, Giving

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• The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

  Henry Hazlitt

  Art, Liberty, Groups

  Henry Hazlitt (2010). “Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics”, p.13, Crown Business

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• I'm the result of upbringing, class, race, gender, social prejudices, and economics. So I'm a victim again. A result.

  James Hillman

  Race, Class, Prejudice

  "On Soul, Character and Calling: A Conversation with James Hillman". Interview with Scott London, www.scottlondon.com. March 1998.

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• America - a great social and economic experiment, noble in motive and far-reaching in purpose.

  Herbert Hoover

  America, Presidential, Purpose

  Letter toWilliam E. Borah, 23 Feb. 1928.

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• Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.

  Herbert Hoover

  Carpe Diem, History, Political

  Herbert Hoover (1938). “Addresses upon the American road”, C. Scribner's sons

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• For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

  John Maynard Keynes

  Years, Liberty, Littles

  John Maynard Keynes (1932). “Essays in persuasion”

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• Out of the agony and travail of economic America the Committee for Industrial Organization was born.

  John L. Lewis

  Agony, Organization, America

  Labor and the Nation, delivered 3 September 1937 in Washington D.C.

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• Advertising is a valuable economic factor because it is the cheapest way of selling goods, particularly if the goods are worthless.

  Sinclair Lewis

  Funny, Money, Humor

  "Gideon Planish". Book by Sinclair Lewis, 1943.

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• Women know what men have long forgotten. The ultimate economic and spiritual unit of any civilization is still the family.

  Clare Boothe Luce

  Spiritual, Women, Civilization

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• A law can be both economic folly and constitutional.

  Antonin Scalia

  Law, Folly

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• But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.

  Franklin D. Roosevelt

  Nature, Men, Law

  Franklin D. Roosevelt (1995). “The Essential Franklin Delano Roosevelt”, Gramercy

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• Very few men imprisoned for economic crimes or even crimes of passion against the oppressor feel that they are really guilty.

  George Jackson

  Passion, Men, Guilty

  George Jackson (1970). “Soledad Brother: The Prison Letters of George Jackson”, Chicago Review Press

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• Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.

  John F. Kennedy

  Inspirational, Friends, Men

  Address to the Canadian Parliament, May 17, 1961.

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