economics Quotes

Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.

The myth of unlimited production brings war in its train as inevitably as clouds announce a storm.

Britain kept its position as the dominant world power well into the 20th century despite steady decline. By the end of World War II, dominance had shifted decisively into the hands of the upstart across the sea, the United States, by far the most powerful and wealthy society in world history.

If you're using first-class land for biofuels, then you're competing with the growing of food. And so you're actually spiking food prices by moving energy production into agriculture.

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

The immigration issue is, I recognize, one that generates a lot of passion, but it does not make sense for us to want to push talent out.

Planning ahead is a measure of class. The rich and even the middle class plan for future generations, but the poor can plan ahead only a few weeks or days.

Transparency at the MSRB is dubious with data downloads too costly for all but the Vanguards of the world.

A consistent anarchist must oppose private ownership of the means of production, and the wage-slavery which is a component of this system, as incompatible with the principle that labor must be freely undertaken and under the control of the producer.

Those who invest in South Africa should not think they are doing us a favor; they are here for what they get out of our cheap and abundant labor, and they should know that they are buttressing one of the most vicious systems.