Economics Quotes
Foreign aid might be defined as a transfer from poor people in rich countries to rich people in poor countries. Douglas Casey. My restatement of this is: "Foreign aid is the giving to the privileged class in a poor country, the money from the the working class of a rich country."
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Ronald Reagan
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. Thomas Sowell
National saving is the only way a country can have its capital and own it too. Models of the economic growth process identify national saving as one of the key policy variables in influencing a nation's living standards in the long run. Edward Gramlich, Federal Reserve System Board of Governors
The inherent vice of capitalism is the unequal sharing of the blessings. The inherent blessing of socialism is the equal sharing of misery. Winston Churchill
The "private sector" of the economy is, in fact, the voluntary sector; and...the "public sector" is, in fact, the coercive sector. Henry Hazlitt
In war, the stronger overcomes the weaker. In business, the stronger imparts strength to the weaker. Frederic Bastiat
Don't knock the rich. When did a poor person ever give you a job? Dr. Laurence J. Peter
The world owes you nothing. It was here first. Mark Twain
Government is not the generator of economic growth; working people are. U.S. Senator Phil Gramm
I am for a government rigorously frugal and simple. Were we directed from Washington when to sow, when to reap, we should soon want bread. Thomas Jefferson
The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation. Vladimir Ilyich Lenin (as told by an expert in crushing oppression)
If you think health care is expensive now, wait until you see what it costs when it's free. P.J. O'Rourke
There are no such things as limits to growth, because there are no limits on the human capacity for intelligence, imagination and wonder. Ronald Reagan