Quotes About Policy

either immediately or ultimately every dollar of government spending must be raised through a dollar of taxation.

Taxation for public housing destroys as many jobs in other lines as it creates in housing.

Inflation itself is a form of taxation. It is perhaps the worst possible form, which usually bears hardest on those least able to pay.

So the government launches on a gigantic housing program—at the taxpayers' expense.

If, therefore, the X industry is driven out of existence by a minimum wage law, then the workers previously employed in that industry will be forced to turn to alternative courses that seemed less attractive to them in the first place.

So government policy should be directed, not to imposing more burdensome requirements on employers, but to following policies that encourage profits, that encourage employers to expand, to invest in newer and better machines to increase the productivity of workers—

The typical political ploy was to load up benefits in the present and push costs into the future. Yet that future always arrived;

Proposals for an increased volume of credit, therefore, are merely another name for proposals for an increased burden of debt. They would seem considerably less inviting if they were habitually referred to by the second name instead of by the first.

The government never lends or gives anything to business that it does not take away from business.

Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. 2

la economía es la ciencia que calcula los resultados de determinada política económica, simplemente planeada o puesta en práctica, no sólo a corto plazo y en relación con algún grupo de intereses especiales, sino a la larga y en relación con el interés general de toda la colectividad».

all government expenditures must eventually be paid out of the proceeds of taxation; that inflation itself is merely a form, and a particularly vicious form, of taxation. Having

When they make it a main objective to increase exports, most of them do not realize that they necessarily make it a main objective ultimately to increase imports.

Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself. Hitler provided full employment with a huge armament program. World War II provided full employment for every nation involved. The slave labor in Germany had full employment. Prisons and chain gangs have full employment. Coercion can always provide full employment. Yet

Los economistas clásicos, al refutar los errores de su tiempo, mostraron que la política del ahorro, orientada en interés del individuo, sirve al propio tiempo el de la comunidad. Indicaban que el ahorrador consciente, al preocuparse de su propio futuro, no perjudicaba, sino que ayudaba a la sociedad.

Lo que en la conducta de cualquier familia es prudencia —afirmaba el recio sentido común de Adam Smith, replicando a los sofistas de su tiempo— difícilmente puede ser locura en el gobierno de un gran reino.»

This is only another way of saying that the government lenders will take risks with other people's money (the taxpayers') that private lenders will not take with their own money.

las intervenciones de los gobiernos sólo tienen en cuenta las consecuencias que saltan a la vista, pero ignoran las que no se ven

The proposal for government loans to private individuals or projects, in brief, sees B and forgets A. It sees the people into whose hands the capital is put; it forgets those who would otherwise have had it. It sees the project to which capital is granted; it forgets the projects from which capital is thereby withheld. It sees the immediate benefit to one group; it overlooks the losses to other groups, and the net loss to the community as a whole.

Cuando el gobierno subvenciona o concede anticipos, en realidad grava negocios privados prósperos para auxiliar ruinosos negocios privados.

Por cada dólar gastado en el puente habrá un dólar menos en el bolsillo de los contribuyentes. Si el puente cuesta un millón de dólares, los contribuyentes habrán de abonar un millón de dólares, y se encontrarán sin una cantidad que de otro modo hubiesen empleado en las cosas que más necesitaban.

My policy has always been to burn my bridges behind me. My face is always set toward the future. If I make a mistake it is fatal. When I am flung back I fall all the way back—to the very bottom. My one safeguard is my resiliency. So far I have always bounced back.

The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.