economics Quotes

Remember that credit is money.

The use of money is all the advantage there is in having it.

No nation was ever ruined by trade.

Very few people can afford to be poor.

Capitalism has destroyed our belief in any effective power but that of self interest backed by force.

Lack of money is the root of all evil.

Socialism, reduced to its simplest legal and practical expression, means the complete discarding of the institution of private property by transforming it into public property, and the division of the resultant public income equally and indiscriminately among the entire population.

If you're not producing as much as you consume, or perhaps a little more, then clearly we cannot use the big organization of our society for the purpose of keeping you alive, because your life does not benefit us, and it can't be of very much use to yourself.

Socialism never arises in the earlier phases of capitalism, as, for instance, among the pioneers of civilisation in a country where there is plenty of land available for private appropriation by the last comer.

In socialism, private property is anathema, and equal distribution of income the first consideration. In capitalism, private property is cardinal, and distribution left to ensue from the play of free contract and selfish interest on that basis, no matter what anomalies it may present.