Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [421-440] of 579 Economics quotesEconomics QuotesEconomics Previous 20 quotes Next 20 quotes In 1883, a small group of Socialists met in London, announcing their intentions of converting the British economic system from capitalism to socialism. This group chose the name 'Fabian Society.' One of the leading members of the Fabian Society, author George Bernard Shaw, perhaps summed it up best when he said, quote: '... Socialism means equality of income or nothing... under socialism you would not be allowed to be poor. You would be forcibly fed, clothed, lodged, taught, and employed whether you like it or not. If it were discovered that you had not character enough to be worth all this trouble, you might possibly be executed in a kindly manner; but whilst you were permitted to live you would have to live well.' ~ Edgar Wallace Robinson The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.~ Joan Robinson American money was never more sound, or banking more free, than 200 years ago. Since then, it’s been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.~ Lew Rockwell The only reason for a government service is precisely to provide financial support for an operation that is otherwise unsustainable, or else there would be no point in the government’s involvement at all.~ Lew Rockwell Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.~ Lew Rockwell Even though they are a relatively recent policy development, civil rights laws are considered necessary to insure rights for blacks. But they are, in fact, among the most draconian forms of intervention into the free market. They attack the essence of private property, the ability to exercise control over it. Such laws have resulted in lessened economic freedom, lowered prosperity, heightened social tension, and more trouble for the groups the laws are supposed to help. ... A Korean grocer may want to employ only Korean clerks, a magazine for black professionals only black editors and writers, and a German restaurant only German cooks and waiters. An employer may think that Iraqi-Americans have been unfairly treated and want to favor them. A women’s health club may want only women customer’s and a men’s bar may want only men. There is nothing wrong with any of these behaviors, although civil rights laws seek to end them. In addition to violating the free labor contract, civil rights laws guarantee everyone the right of “access” to “public accommodations” like restaurants, movie theaters, and shops. In fact, what the civil rights laws call public is really private. These businesses are established by private entrepreneurs with private money. The owners should no more be required to serve everyone who comes into their place than they are required to invite everyone to their home for dinner. A large downtown restaurant is as private as a small house in the country. The real difference between private and public is one of ownership, not function or location.~ Lew Rockwell A foreigner coming here and reading the Congressional Record would say that the President of the United States was elected solely for the purpose of giving Senators somebody to call a horse thief.~ Will Rogers Don't let yesterday use up too much of today.~ Will Rogers Fairness does not require the redistribution of wealth; it requires the creation of wealth, geared to an economy that can provide employment for everyone able and willing to work.~ Felix Rohatyn We make money the old fashioned way. We print it.~ Art Rolnick Give me control over a man's economic actions, and hence over his means of survival, and except for a few occasional heroes, I'll promise to deliver to you men who think and write and behave as I want them to.~ Benjamin A. Rooge The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson. History depicts Andrew Jackson as the last truly honorable and incorruptible American president.~ Franklin D. Roosevelt True individual freedom cannot exist without economic security and independence.~ Franklin D. Roosevelt Lottery tickets are the only consumer products actively promoted and sold by the state. The state does not sell toothpaste, or even promote brushing your teeth. But it tells people they should gamble. The main marketing concern is how to attract new players, who otherwise wouldn't gamble.~ I. Nelson Rose During the last dozen years the tales of suppression of free assemblage, free press, and free speech, by local authorities or the State operating under martial law have been so numerous as to have become an old story. They are attacked at the instigation of an economically and socially powerful class, itself enjoying to the full the advantages of free communications, but bent on denying them to the class it holds within its power...~ Edward Alsworth Ross 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.~ Murray N. Rothbard Give me control of a nation's money and I care not who makes the laws.~ Mayer Amschel Rothschild Fortunately, political freedom and economic progress are natural partners. Despite capitalism's lingering reputation as the source of all the world's evils, the fact remains that every single democracy is a capitalist country. Half a century of economic experimentation proved beyond doubt that tyranny cannot yield prosperity. ... Socialism collapsed because it is a policy of unrestrained intervention. It tries to fix what is 'wrong' with the spontaneous, self-organizaing phenomenon called capitalism. But, of course, a natural process cannot be 'fixed.' ... Socialism is an ideology. Capitalism is a natural phenomenon.~ Michael Rothschild The surest way to ruin a promising career in economics, whether professional or academic, is to venture into the 'cranks and crackpots' world of suggestions for reform of the financial system.~ Michael Rowbotham The blame for [the national debt] lies with the Congress and the President, with Democrats and Republicans alike, most all of whom have been unwilling to make the hard choices or to explain to the American people that there is no such thing as a free lunch.~ Warren Rudman Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print