Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [441-460] of 579 Economics quotesEconomics QuotesEconomics Previous 20 quotes Next 20 quotes Ruff's Third Law of Economic Dynamics: "An economy in motion tends to stay in motion, and an economy at rest tends to stay at rest. A free market is constantly in motion. A centrally planned market slows until it eventually dies completely.~ Mike Ruff Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life.~ Bertrand Russell I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.~ Rick Santelli About all a Federal Reserve note can legally do is wipe out one debt and replace it with itself another debt, a note that promises nothing. If anything's been paid, the payment occurs only in the minds of the parties...~ Tupper Saussy The truth doesn't sell. It is high in supply, but low in demand.~ Eric Schaub It's worth what it's worth when it's worth it.~ Eric Schaub If you want irresponsible politicians to spend less, you must give them less to spend.~ Irwin Schiff Enjoy present pleasures in such a way as not to injure future ones.~ Lucius Annaeus Seneca It is quality rather than quantity that matters.~ Lucius Annaeus Seneca It is too late to spare when you reach the dregs of the cask.~ Lucius Annaeus Seneca Sound money and free banking are not impossible; they are merely illegal. Freedom of money and freedom of banking...are the principles that must guide our steps.~ Hans F. Sennholz It is time to admit that public education operates like a planned economy. It's a bureaucratic system where everybody's role is spelled out in advance, and there are few incentives for innovation and productivity. It's not a surprise when a school system doesn't improve. It more resembles a Communist economy than our own market economy.~ Albert Shanker GDP is an important metric for determining how much the United States could afford to spend on defense, but it provides no insight into how much the United States should spend. Defense planning is a matter of matching limited resources to achieve carefully scrutinized and prioritized objectives. When there are more threats, a nation spends more. When there are fewer threats, it spends less. As threats evolve, funding should evolve along with them. ... Unfortunately, setting defense spending at four percent of GDP would shield the Pentagon from careful scrutiny and curtail a much-needed transparent national debate.~ Travis Sharp A socialist is somebody who doesn't have anything, and is ready to divide it up equally among everybody.~ George Bernard Shaw Lack of money is the root of all evil.~ George Bernard Shaw If all economists were laid end to end, they would not reach a conclusion.~ George Bernard Shaw Whether you think Jesus was God or not, you must admit he was a first-rate political economist.~ George Bernard Shaw You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold.~ George Bernard Shaw The few who could understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.~ John Sherman Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth.~ Julian Simon Previous 20 quotes Next 20 quotes Share on Facebook Tweet Email Print