Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2014-05-01 May 1, 2014The 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 RobinsonOur whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.~ John AdamsAs a rule, panics do not destroy capital; they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works.~ John Mills Apr 30, 2014Anyone who believes in indefinite growth in anything physical, on a physically finite planet, is either mad or an economist.~ Kenneth BouldingEnjoy present pleasures in such a way as not to injure future ones.~ Lucius Annaeus SenecaThere is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved.~ Ludwig von Mises Apr 29, 2014The Rules for Liberty 1) Don’t hurt people: Free people just want to be left alone, not hassled or harmed by someone else with an agenda or designs over their life and property. 2) Don’t take people’s stuff: America’s founders fought to ensure property rights and our individual right to the fruits of our labors. 3) Take responsibility: Liberty takes responsibility. Don’t sit around waiting for someone else to solve your problems. 4) Work for it: For every action there is an equal reaction. Work hard and you’ll be rewarded. 5) Mind your own business: Free people live and let live. 6) Fight the power: Thanks to the Internet and the decentralization of knowledge, there are more opportunities than ever to take a stand against corrupt authority.~ Matt Kibbe Apr 28, 2014That men do not learn very much from the lessons of history is the most important of all the lessons of history.~ Aldous HuxleyOnly the small secrets need to be protected. The big ones are kept secret by public incredulity.~ Marshall McLuhanPrejudices are what fools use for reason.~ Voltaire Apr 25, 2014It is only because the majority opinion will always be opposed by some that our knowledge and understanding progress. In the process by which opinion is formed, it is very probable that, by the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached. It is because we do not yet know which of the many competing new opinions will prove itself the best that we wait until it has gained sufficient support.~ Friedrich August von HayekFreedom is the freedom to say that two plus two make four. If that is granted, all else follows.~ George OrwellThe justification and the purpose of freedom of speech is not to indulge those who want to speak their minds. It is to prevent error and discover truth. There may be other ways of detecting error and discovering truth than that of free discussion, but so far we have not found them.~ Henry Steele Commager Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print