Notes, Quotes & Citations

“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” –Friedrich Hayek

“If it moves, tax it.  If it keeps moving, regulate it.  And if it stops moving, subsidize it.” —Ronald Reagan

“Thank God for government waste.  If government is doing bad things, it’s only the waste that prevents the harm from being greater.” —Milton Friedman

“The debt finance we observe today we might have predicted from the simple public-choice analysis of political behavior.  Constituents enjoy receiving the benefit of public outlays, and the deplore paying taxes.”—from The Collected Works of James M. Buchanan

“How did we, as members of the academies and intelligentsia, come to be trapped in the romantic myth that politically organised authority could direct our lives so as to satisfy our needs more adequately than we might satisfy them ourselves through voluntary agreement, association and exchange, one with another?  –James M. Buchanan, John Bonython Lecture 1990

“Force always attracts men of low morality.”  –Albert Einstein

“For the naive mind there is something miraculous in the issuance of fiat money.  A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get.  How pale is the art of sorcerers, witches, and conjurors when compared.”  –Ludwig von Mises

“The capitalist achievement does not typically consist in providing more silk stockings for queens but in bringing them within the reach of factory girls in return for steadily decreasing amounts of effort…the capitalist process, not by coincidence but by virtue of its mechanism, progressively raises the standard of life of the masses” —Joseph Schumpeter

“If you put the federal government in charge of the Sahara Desert, in five years there’d be a shortage of sand.”  —Milton Friedman

“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of socialism is the equal sharing of misery.” —Winston Churchill

 

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