Quotes of All Topics . Occasions . Authors
Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by Governments lacking courage and vision.
There is a responsibility that goes with winning the Nobel Prize, and the responsibility is that if you have a forum, you should use it wisely.
At the most basic level, the key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development.
It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.
The talents lost--the moments run To waste--the sins of act, of thought, Ten thousand deeds of folly done, And countless virtues cherish'd not.
Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.
Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.
[The historical] development in the international system may almost be defined as the process by which we pass from stable war to stable peace.
I argued for a wartime moratorium on new visas and new immigrants because of the substantial danger of ISIS terrorists infiltrating our system.
However Donald Trump came upon the foreign policy views he espoused, they were as crucial to his election as his views on trade and the border.
The only way we will ever reduce the debt and balance the budget is if America beats Washington and tea party activists take over this process.
There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.
The current oil crisis has not been produced by the oil companies. It is a result of governmental mismanagement exacerbated by the Mideast war.
I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.
Commercial banks - that is, fractional reserve banks - create money out of thin air. Essentially, they do it in the same way as counterfeiters.
Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive.
One way in which fools succeed where wise men fail is that through ignorance of the danger they sometimes go coolly about a hazardous business.
Vices and frailties correct each other, like acids and alkalies. If each vicious man had but one vice, I do not know how the world could go on.
The more secure we feel against our liability to any error to which, in fact, we are liable, the greater must be our danger of falling into it.
Some persons follow the dictates of their conscience only in the same sense in which a coachman may be said to follow the horses he is driving.
We don't know the probabilities of future events. Still, you have to take action, and so you do it on gut feeling. That's the world we live in.
Sustained success is largely a matter of focusing regularly on the right things and making a lot of uncelebrated little improvements every day.
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
You may scoff at the Tooth Fairy if you like. But the Tooth Fairy's approach has gotten more politicians elected than any economist's analysis.
Always be suspicious of those who pretend to know it all, claim their way is the best way and are willing to force their way on the rest of us.
That some are poorer than others, ever was and ever will be: And that many are naturally querulous and envious, is an Evil as old as the World.
What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.
We usually think that a strong economy leads to an increase in life satisfaction among the population. We found that's not the case in Scotland.
There is a great interest in comparative religion and a desire to understand faiths other than our own and even to experiment with exotic cults.
Market timing doesn't work. If all the bubbles and all this mispricing really exist, how come so few people see it before it turns out that way?
Not in government or force, not in slavery or war, but in the creative, and thereby spiritual, power of freedom, shall our inspiration be found.
We must face the fact that the preservation of individual freedom is incompatible with a full satisfaction of our views of distributive justice.
Wherever liberty as we understand it has been destroyed, this has almost always been done in the name of some new freedom promised to the people
It is of the essence of the demand for equality before the law that people should be treated alike in spite of the fact that they are different.
Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.
The government can't get away with large-scale famine, but it can get away with chronic hunger. It has become an accepted part of life in India.
If the community wish to have the benefit of more knowledge and intelligence in the labouring classes, it must dispense it at the public charge.
The metal of economic theory is in Marx's pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own.
Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.
We are helping the people that [George W.]Bush says are evil. Teheran couldn't be happier about the high oil prices resulting from the Iraq war.
America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow.
The world moves into the future as a result of decisions, not as a result of plans. Plans are significant only insofar as they affect decisions.
I favour passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.
Very little evidence was found that any individual fund was able to do significantly better than that which we expected from mere random chance.
Nature is simply the environment on earth in which man finds himself, and to treat it as a separate being in the image of man is sheer nonsense.
Trust is kind of this economic lubricant. When trust is high, morale is high. ... Higher trust environments produce individuals who are happier.
If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.
Inflation is not a benign element in the economy's operation. It is, as it has always been, the most dangerous and destructive form of taxation.
Though progress starts with the imagination, only work can make things happen. And work itself works best when fueled, again by the imagination.