Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [201-220] of 579 Economics quotesEconomics QuotesEconomics Previous 20 quotes Next 20 quotes If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.~ Robert Hemphill The problem is, of course, that not only is economics bankrupt but it has always been nothing more than politics in disguise ... economics is a form of brain damage.~ Hazel Henderson Let Mr. Madison tell me when did liberty ever exist when the sword and the purse were given up from the people? Unless a miracle shall interpose, no nation ever did, nor ever can retain its liberty after the loss of the sword and the purse.~ Patrick Henry Big business in America today and for some years has been openly at war with competition and, thus, at war with laissez-faire capitalism. ... The left's attack on corporate capitalism is, when examined, an attack on economic forms possible only in collusion between authoritarian government and bureaucratized, nonentrepreneurial business. It is unfortunate that many New Leftists are so uncritical as to accept this premise as indicating that all forms of capitalism are bad ...~ Karl Hess It would take little more than $50 billion to raise every poor person above the official poverty line, yet the percentage of the population classified as poor hardly budges, while annual welfare spending amounts to four times that much. Where's the money going?~ Robert Higgs We are socialists, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are determined to destroy this system under all conditions.~ Adolf Hitler A study by Michael Tanner, Stephen Moore, and David Hartman of the Cato Institute has revealed that in 40 states, it pays more for one to be on welfare than to accept a job at $8.00 per hour; in 17 states, welfare pays more than work at $10.00 per hour; and in six states plus the District of Columbia, welfare totals more than working for $12.00 hourly. The study also showed that in 29 states, welfare benefits are worth more than the average secretary's pay; in nine states, such benefits are equal to more than the average starting salary for a teacher; and in six states, welfare pays more than an entry-level position for a computer programmer. When the entire package is computed, welfare amounts to the (pretax) equivalent of a $30,500 wage in Massachusetts, $32,200 in Alaska, and $36,400 in Hawaii.~ William P. Hoar You can be up to your boobies in white satin, with gardenias in your hair and no sugar cane for miles, but you can still be working on a plantation.~ Billie Holiday I have no respect for the passion of equality, which seems to me merely idealizing envy -- I don't disparage envy but I don't accept it as legitimately my master.~ Justice Oliver Wendell Holmes, Jr. One of the eternal conflicts out of which life is made up is that between the effort of every man to get the most he can for his services, and that of society, disguised under the name of capital, to get his services for the least possible return.~ Justice Oliver Wendell Holmes, Jr. The biggest threat to the American people today lies with the United States government. ... [T]he long-term solution is to dismantle, not reform, the iron fist of the welfare state and the controlled economy. This includes the end (not the reform) of the IRS, the DEA, the BATF, the SEC, the FDA, HUD, the departments of HHS, Labor, Agriculture, and energy, and every other agency that takes money from some and gives it to others or interferes with peaceful behavior.~ Jacob G. Hornberger An economy cannot long remain prosperous by government's taxing and spending more, now absorbing national output at a rate equal to the entire income of every American living west of the Mississippi. If this trend continues, America will gradually sink into the status of a Third World nation -- more unemployment, more shackles on production, more poverty.~ John Hospers Fiat-money systems tend to make people insatiable in their quest for ever higher monetary returns on their investments,~ Jorg Guido Hulsmann In a fiat money society you are more likely to increase your returns by remaining in debt and continuing to chase monetary revenue indefinitely by leveraging more and more funds.~ Jorg Guido Hulsmann You can imagine, then, how this inflation and debt-based system, over time, will begin to change the culture of a society and its behavior. We become more materialistic than under a natural monetary system. We can’t just sit on our savings anymore, and we have to watch our investments constantly, and think about revenue constantly, because if it is not earning enough, we are actively getting poorer.~ Jorg Guido Hulsmann Everything in the world is purchased by labor.~ David Hume If a multitude is to be subjected to a plan, it must be militarized. If individuals are allowed a free choice, the plan is thrown into confusion. Bureaucracy, under an absolute ruler, or rulers, is necessary. Popular consent can be secured only by rigorous censorship and prohibition of free discussion. Espionage is a necessary part of the system, and a considerable amount of terrorism. Since private expenditure must be controlled, it is wise to keep private incomes near a subsistence level and to dole out any surplus on collective pleasures such as free holidays. We shall not understand totalitarian tyranny unless we realize that it is the result of the planned economy.~ Dean Inge The purpose of the IRS is to collect the proper amount of tax revenues at the least cost to the public, and in a manner that warrants the highest degree of public confidence in our integrity, efficiency and fairness. To achieve that purpose, we will encourage and achieve the highest possible degree of voluntary compliance in accordance with the tax laws and regulations...~ Internal Revenue Service Manual Some techniques can be used only in connection with a full-scale program due to the nature of the tax situation and the need to avoid unnecessary taxpayer reaction. An example would be income tax returns compliance efforts aimed at the non-business taxpayer.~ Internal Revenue Service Manual You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.~ Andrew Jackson Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print