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Quotes: Economics


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The new Detroit, churning out Schumermobiles, will make the steel mills of the Soviet Union look the model of efficiency.
Charles Krauthammer
RCP my punctuation, brought to my attention by Steve Wolfer

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(Added by Ted Keer on 11/29, 6:21pm)
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We have gone from a market economy to a political economy
Irwin Stelzer
http://www.realclearpolitics.com/articles/2008/11/the_washington_stock_market.html

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(Added by Steve Wolfer on 11/29, 10:48am)
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There is only one genuine protection for the public: the discipline of profit and loss. Nothing concentrates the mind like the prospect of bankruptcy.
John Stossel
http://www.theatlasphere.com/columns/081128-stossel-reregulation.php

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(Added by Ed Thompson on 11/28, 10:28am)
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They keep talking about drafting a Constitution for Iraq .... Why don't we just give them ours? It was written by a lot of really smart guys, it has worked for over 200 years, and we're not using it anymore.
Bent Nail
Comment by a Marketwatch reader

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(Added by William Dwyer on 11/25, 10:22am)
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The continued existence of society depends upon private property.
Ludwig von Mises
Liberalism p. 87

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(Added by Rodney Rawlings on 11/05, 3:27pm)
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A man that represents not simply an opposing view but the view of those who oppose America and all it stands for, will sit in the Oval Office. Worse still he did not get there through a democratic election but through fraud, voter intimidation and every dirty trick culminating in a campaign that had little in common with conventional American politics and a great deal in common with the cults of personality cultivated by totalitarian dictators.
Pamela Geller
Atlas Shrugs blog, upon election of Obama in 2008

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(Added by Rodney Rawlings on 11/05, 8:17am)
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Governor Palin and I don’t agree on a lot of things, mostly social issues. But I have grown to appreciate the Governor. I was one of those initial skeptics and would laugh at the pictures. Not anymore. When someone takes on a corrupt political machine and a sitting governor, that is not done by someone with a low I.Q. or a moral core made of tissue paper. When someone fights her way to get scholarships and work her way through college even in a jagged line, that shows determination and humility you can’t learn from reading Reinhold Niebuhr. When a mother brings her son with special needs onto the national stage with love, honesty, and pride, that gives hope to families like mine as my older brother lives with a mental disability. And when someone can sit on a stage during the Sarah Palin rap on Saturday Night Live, put her hands in the air and watch someone in a moose costume get shot—that’s a sign of both humor and humanity.
Wendy Button, speechwriter until recently for Obama, Edwards, and Clinton, on why she’s voting McCain
The Daily Beast

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(Added by Rodney Rawlings on 11/03, 12:35pm)
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John McCain and Sarah Palin they call this socialistic. You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.
Barack H. Obama
Barack H. Obama, Obama's New Attack on Those Who Don't Want Higher Taxes: ‘Selfishness’

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(Added by Scott Cram on 10/31, 11:42am)
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There is no truth on earth that I fear to be known.
Thomas Jefferson
Frank Herbert, The White Plague

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(Added by Ted Keer on 10/29, 2:21pm)
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Giving every man a vote has no more made men wise and free than Christianity has made them good.
H. L. Mencken

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(Added by Ted Keer on 10/29, 2:20pm)
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Europeans call it socialism, Americans call it welfare, and Barack Obama calls it change.
McCain Campaign today, on Obama’s Plan for Redistribution of Wealth
Poster on TexasDarlin blog

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(Added by Rodney Rawlings on 10/27, 12:06pm)
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You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away men's initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves.
Abraham Lincoln

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(Added by William Dwyer on 10/23, 12:24am)
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And the kind of help he’s gonna need is, he’s gonna need you—not financially to help him—we’re gonna need you to use your influence, your influence within the community, to stand with him. Because it’s not gonna be apparent initially, it’s not gonna be apparent that we’re right. … There are gonna be a lot of you who want to go, “Whoa, wait a minute, yo, whoa, whoa, I don’t know about that decision.” Because if you think the decision is sound when they’re made, which I believe you will when they’re made, they’re not likely to be as popular as they are sound. Because if they’re popular, they’re probably not sound.
Sen. Joe Biden
ABC News’ Matthew Jaffe

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(Added by Rodney Rawlings on 10/20, 2:28pm)
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When I’m president, I won’t meet unconditionally with the Castro brothers. The day is coming when Cuba will be free!
Senator John McCain, R-Arizona
Today, at Florida International University

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(Added by Rodney Rawlings on 10/17, 6:31pm)
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War is the default natural state of man, whether vendetta or inter-tribal. This state of nature can also be called anarchy, a fact which so-called anarcho-capitalists evade. Political freedom exists only within a polity, and a polity arises only through effort. The polity must establish its sovereign autonomy and must maintain it, by war, when necessary. Only historically ignorant or spoiled children born in the modern West have had the luck to evade this truth. Wars of conquest, like that of England against Ireland, are evil and to be avoided. War itself is a necessity of every free man's existence.
Ted Keer
http://www.solopassion.com/node/1671

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(Added by Mike Erickson on 10/15, 7:26pm)
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OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.
Mark Twain

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(Added by Merlin Jetton on 10/04, 4:45am)
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POVERTY is attracted to the one whose mind is favorable to it, as money is attracted to the one whose mind has been deliberately prepared to attract it, and through the same laws. POVERTY CONSCIOUSNESS WILL VOLUNTARILY SEIZE THE MIND WHICH IS NOT OCCUPIED WITH MONEY CONSCIOUSNESS.
Napoleon Hill
Think and grow rich

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(Added by Albert Massachi on 10/03, 6:21pm)
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The [$700 Billion Buyout] votes have been tallied. 228 NAY. 205 YEA. The Crap Sandwich goes down in flames.
Michelle Malkin
http://michellemalkin.com/

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(Added by Ted Keer on 9/29, 4:40pm)
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I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world
David Harrison Levi
Entertainment Worldwide

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(Added by Albert Massachi on 9/27, 4:14pm)
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Crisis is the friend of the State.
John Stossel
http://www.creators.com/opinion/john-stossel.html

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(Added by Sam Erica on 9/26, 7:28am)
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Despite corrections in the marketplace and instances of abuse, democratic capitalism is the best system ever devised. It has unleashed the talents and the productivity, and entrepreneurial spirit of our citizens. It has made this country the best place in the world to invest and do business. And it gives our economy the flexibility and resilience to absorb shocks, adjust, and bounce back.
George W. Bush
President's Address to the Nation, 24 Sep 2008

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(Added by Ed Thompson on 9/25, 9:20am)
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Ever heard Hollywood liberals talk about suspected jihadists the way they talk of suspected GOP book banners?
Michelle Malkin
NY Post, 9/17/2008

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(Added by Ted Keer on 9/22, 4:24pm)
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There is a tide in the affairs of men, Which taken at the flood, leads on to fortune. Omitted, all the voyage of their life is bound in shallows and in miseries. On such a full sea are we now afloat. And we must take the current when it serves, or lose our ventures.
William Shakespeare
Julius Caesar

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(Added by Rodney Rawlings on 9/09, 9:07am)
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We laugh at the buffoon Chavez but at least he nationalizes the profitable enterprises.
Steve Wolfer
http://rebirthofreason.com/Forum/NewsDiscussions/2140.shtml#4

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(Added by Joseph Rowlands on 9/08, 3:55pm)
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“Michigan’s Senators and Congressmen argue that an auto industry bailout would be another form of economic ‘stimulus,’" explains Barr. "We can’t afford more of this sort of ‘stimulus.’"
Bob Barr
http://www.lp.org/news/press-releases/no-auto-industry-bailout-says-bob-barr

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(Added by Ethan Dawe on 9/02, 9:53am)
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Paper money eventually returns to its intrinsic value--zero.
Francois Marie Arouet de Voltaire
http://www.strike-the-root.com/71/allport/allport10.html

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(Added by C. Jeffery Small on 8/17, 3:13pm)
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Socialism is the longest and most painful path from Capitalism to Capitalism.
Robert Littell

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(Added by Glenn Fletcher on 8/16, 2:15pm)
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Those who preach the virtue of sacrifice know full well that sacrifices require givers and takers. THEY intend to be the takers.
Dr. Michael Hurd
Cheaters Never Prosper

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(Added by Scott Cram on 8/11, 10:09am)
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Your future just called. It says to send money.
Anchor Bank
Roadside advertisement sign (Anchor Bank?)

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(Added by Ed Thompson on 7/29, 10:03am)
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Reality-Based Reality Is Best
http://www.freemarksteyn.com/

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(Added by Ted Keer on 5/14, 5:05pm)
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The optimist thinks this is the best of all possible worlds; the pessimist knows it
J. Robert Oppenheimer

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(Added by Robert J. Kolker on 2/22, 4:50am)
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Fuel that allows fire may define what a fire entails, but it doesn't stop it from spreading to other kinds of fuel
Bridget Armozel
Does a life force or 'soul' exist?

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(Added by Ted Keer on 9/28, 2:04pm)
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People who can't remember what it's like to be kids shouldn't have them. Period.
Erica Schulz
How do you view Objectivism & Parenting

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(Added by Ted Keer on 8/30, 11:11am)
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The public be damned. I am working for my stockholders. If the public want the train, why don't they pay for it?
William H. Vanderbilt
http://www.coyoteblog.com/coyote_blog/2005/06/the_public_be_d.html

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(Added by Alexander Butziger on 7/24, 1:54pm)
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I owe the public nothing.
John Pierpont Morgan

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(Added by Alexander Butziger on 7/24, 1:34pm)
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In centuries of brotherly love, democracy and peace, the Swiss produced only the cuckoo clock.
Orson Welles

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(Added by Sam Erica on 7/22, 3:21pm)
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If a state is governed by the principles of reason, poverty and misery are subjects of shame; if a state is not governed by the principles of reason, riches and honors are the subjects of shame.
Confucius
As quoted by Henry David Thoreau in "Resistance to Civil Government."

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(Added by Alexander Butziger on 7/18, 9:45pm)
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I don't belong to you, and you don't belong to me
George Michael
See Video Here! Freedom

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(Added by Ted Keer on 6/27, 5:21pm)
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As someone who lived under communism for most of his life, I feel obliged to say that I see the biggest threat to freedom, democracy, the market economy and prosperity now in ambitious environmentalism, not in communism. This ideology wants to replace the free and spontaneous evolution of mankind by a sort of central (now global) planning.
Vaclav Klaus
http://www.ft.com/cms/s/9deb730a-19ca-11dc-99c5-000b5df10621.html

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(Added by Ted Keer on 6/14, 4:08pm)
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There are about 300 Million Americans, and 300 Million Arabs. If you subtract out oil, the Arab "GNP" is less than the 5 Million people of Finland, less than the total worth of Nokia. What is wrong with this culture?
Lawrence Wright
"Profiles in Terror," BOOK TV, 2007 L.A. Times Festival of Books

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(Added by Ted Keer on 5/15, 7:24pm)
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...the mainspring of all our actions is, after all, self-interest.
Leo Tolstoy
through Levin in "Anna Karenina"

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(Added by Hong Zhang on 5/08, 8:36am)
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New York City can't be stagnant, we can never let that happen. If that happens, you might as well give it up and move, go someplace else.
Donald Trump
http://www.ny1.com/ny1/content/index.jsp?stid=1&aid=69087

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(Added by Alexander Butziger on 4/25, 12:53pm)
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From each according to his ability, to each according to his contribution.
Charles G. Koch
Laissez-Faire Books Newsletter

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(Added by Tyson Russell on 4/20, 3:42pm)
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Our concept is more to accomplish and solve things, rather than giving — that is, not going around like Santa Claus. Poverty isn't solved with donations.
Carlos Slim Helú
Wikipedia

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(Added by Tyson Russell on 4/12, 1:57pm)
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I left the world of faith, of genital cutting and forced marriage for the world of reason and sexual emancipation. After making this voyage I know that one of these two worlds is simply better than the other. Not for its gaudy gadgetry, but for its fundamental values.
Ayaan Hirsi Ali
Infidel

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(Added by Ted Keer on 3/06, 4:18pm)
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"It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest. ... By directing that industry in such a manner as its produce may be of greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."
Adam Smith
The Wealth of Nations

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(Added by Michael E. Marotta on 3/03, 11:36am)
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We shall build good ships here. At a profit — if we can. At a loss — if we must. But always good ships.
Collis P. Huntington
On founding the Newport News Shipbuilding and Dry Dock Company.

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(Added by Alexander Butziger on 2/18, 1:47pm)
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If you can't scratch your own itch, the free market will.
Neil McAllister

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(Added by Erica Schulz on 2/04, 5:40am)
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There is no such thing as Objectivism
Ayn Rand
The Art of Nonfiction, p 27

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(Added by Ted Keer on 1/31, 5:08pm)
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"Poverty has no cause. Only prosperity has causes."
Jane Jacobs
The Economy of Cities

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(Added by Michael E. Marotta on 12/16, 10:55am)
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