Quotes About Economics

The General Theory was not truly revolutionary at all but merely old and oft-refuted mercantilist and inflationist fallacies dressed up in shiny new garb, replete with newly constructed and largely incomprehensible jargon.

It is infinitely better to rely on the pursuit of economic interest by landowners or street companies than to depend on the dubious "altruism" of bureaucrats and government officials.

We conclude, therefore, that determining the supply of money, like all other goods, is best left to the free market. Aside from the general moral and economic advantages of freedom over coercion, no dictated quantity of money will do the work better, and the free market will set the production of gold in accordance with its relative ability to satisfy the needs of consumers, as compared with all other productive goods.10

Mais uma vez, os ricardianos abriram caminho para o sistema marxista

It is not true that high wages make prosperity. Instead, prosperity makes high wages.

Su renta por trabajo es más cara y su ocio más barato, así que tenderá a trabajar menos.

A market boom based entirely on capital gains is merely a form of pyramid selling.

Unemployment will progress beyond the "frictional" stage and become really severe and lasting only if wage rates are kept artificially high and are prevented from falling. If wage rates are kept above the free-market level that clears the demand for and supply of labor, laborers will remain permanently unemployed.

Furthermore, those seeking government privileges, or lucrative posts in the bureaucracy, perform an economic role entirely different from that of people genuinely engaged in trade; those so engaged oppose interference with their trade. It is highly misleading to lump the two together into the term "merchants.

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.

Whenever someone starts talking about 'fair competition' or indeed, about 'fairness' in general, it is time to keep a sharp eye on your wallet, for it is about to be picked.

Capitalism is the fullest expression of anarchism, and anarchism is the fullest expression of capitalism. Not only are they compatible, but you can't really have one without the other. True anarchism will be capitalism, and true capitalism will be anarchism

Since production must always precede predation, the free market is anterior to the State. The State has never been created by a "social contract"; it has always been born in conquest and exploitation.

At any rate, the correct version of Gresham's law is simply an application of the theory of price control causing shortages to money, with the two moneys operating side-by-side.

1. By flushing the sperm down the toilet, you flush the lucky ones. Lucky ones considering the economic situation. 2. With inflation rising, a person starts a serious relationship with a masturbator.

Economics sets trends in philosophy, although it is extremely unstable due to inflation.

Love is non-conformism in the world of economics.

A capitalist regime is more likely to produce these narcissistic behaviours in its citizens compared to a socialist country.

Almost every prophet fought against Capitalism. But all the religions are becoming pro-Capitalism.

An entrepreneur is the first enemy of capitalism.

Capitalism place money at the centre of everything. While Socialism make the man at the centre of the universe.

Exploitation is considered as a major sin when it comes to socialism.

Gold was considered real money, before your paper money existed.

History can still be seen in every culture, economics, politics, ideologies and in our philosophies.