Economics Quotes - Page 26

• What is the use of freedom of the press if the government is in possession of all the printing presses, what does freedom of assembly avail if all the meeting places belong to the government? In a society in which there is no more personal and economic freedom, even the freest form of the state cannot make political independence possible.

  Eugen Richter

  Philosophy, Government, Political

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• If your corn has a herbicide-tolerant gene, it means you can pray your herbicides and kill the weeds; you won't kill your corn.

  Jeremy Rifkin

  Weed, Philosophy, Mean

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• If the people are led to believe that scarce resources are best channeled in a direction that producers and consumers would not choose on their own, the result must necessarily be central planning.

  Llewellyn Rockwell

  Philosophy, Believe, People

  Llewellyn H. Rockwell Jr. (2013). “Fascism versus Capitalism”, p.79, Ludwig von Mises Institute

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• Everything done by the state is ultimately done by means of aggression, which is to say violence or the threat of violence against the innocent.

  Llewellyn Rockwell

  Philosophy, Mean, Political

  Llewellyn H. Rockwell Jr. (2013). “Fascism versus Capitalism”, p.79, Ludwig von Mises Institute

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• Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects

  Christina Romer

  Philosophy, Cutting, Impact

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• This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.

  Murray Rothbard

  Philosophy, Thinking, Political

  "Tariffs, Inflation, Anti-Trust and Cartels". Lecture by Murray Rothbard, 1986.

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• Rights might be universal but their enforcement must be local.

  Murray Rothbard

  Philosophy, Rights, Political

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• The essence of Africa's crises is fundamentally it's extreme poverty.

  Jeffrey Sachs

  Philosophy, Essence, Political

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• In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.

  Jeffrey Sachs

  Country, Philosophy, Successful

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• It's not so unusual to run out of someone else's currency.

  Jeffrey Sachs

  Running, Philosophy, Political

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• America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments.

  Jeffrey Sachs

  Philosophy, Commitment, America

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• The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.

  Paul Samuelson

  Philosophy, Real, Political

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• The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.

  Peter Schiff

  Philosophy, America, Political

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• And for man to look upon himself as a capital good, even if it did not impair his freedom, may seem to debase him... by investing in themselves people can enlarge the range of choice available to them. It is one way free men can enhance their welfare.

  Theodore Schultz

  Philosophy, Men, People

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• Responsible people work, earn, save, invest, make things better for self & family. Lefties call that "greed."

  Philip Schuyler

  Philosophy, Self, People

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• Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer? A real engineer build bridges, a financial engineer build, build dreams. And when those dream turn out to be nightmares, other people pay for it.

  Andrew Sheng

  Dream, Philosophy, Real

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• For violence or fraud can create no right.

  Algernon Sidney

  Philosophy, Political, Violence

  "Discourses Concerning Gouernment".

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• The timing & characteristics of state intervention affect not only organizational tactics and strategies, but the content and definition of interest itself... Some scholars have directly stressed that state interventions create corporatist forms... the formation, let alone the political capabilities, of such purely socioeconomic phenomena as interest groups and classes depends in significant measure on the structures and activities of the very states the social actors, in turn, seek to influence.

  Theda Skocpol

  Philosophy, Class, Political

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• Autonomous state actions will regularly take forms that attempt to reinforce the authority, political longevity, and social control of the state.

  Theda Skocpol

  Philosophy, Political, Action

  Peter B. Evans, Dietrich Rueschemeyer, Theda Skocpol, Social Science Research Council (U.S.). Committee on States and Social Structures, Joint Committee on Latin American Studies (1985). “Bringing the State Back In”, p.15, Cambridge University Press

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• The chief arguments that are urged against an established religion, may be used with equal force against an established charity. The dissenter submits, that no party has a right to compel him to contribute to the support of doctrines, which do not meet his approbation. The rate-payer may as reasonably argue, that no one is justified in forcing him to subscribe towards the maintenance of persons, whom he does not consider deserving of relief.

  Herbert Spencer

  Philosophy, Party, Support

  Herbert Spencer (1843). “The Proper Sphere of Government: a Reprint of a Series of Letters, Originally Published in “The Nonconformist.””, p.10

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• You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.

  Thomas Sowell

  Philosophy, People, Political

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• RE: GSEs like Freddie Mac & Fannie Mae: "creditors will continue to underprice the risk-taking of these financial institutions, overfund them, and fail to provide effective market discipline Facing prices that are too low, systemically important firms will take on too much risk."

  Gary H. Stern

  Philosophy, Discipline, Political

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• Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law.

  George Stigler

  Philosophy, Years, Law

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• Can there be in our age any peace that is not honorable, any war that is not dishonorable?

  Charles Sumner

  Philosophy, War, Political

  Charles Sumner (2016). “The Complete Works of Charles Sumner”, p.26, Library of Alexandria

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• The real economic cleavage is not... between employers and employed, but between all who do constructive work, from scientist to laborer, on the one hand, and all whose main interest is the preservation of existing proprietary rights upon the other, irrespective of whether they contribute to constructive work or not.

  R. H. Tawney

  Philosophy, Real, Hands

  R. H. TAWNEY (1920). “THE ACQUISITIVE SOCIETY”

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