Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2014-05-06 May 6, 2014The third-rate mind is only happy when it is thinking with the majority. The second-rate mind is only happy when it is thinking with the minority. The first-rate mind is only happy when it is thinking.~ A. A. MilneYou cannot teach a man anything; you can only help him to find it within himself.~ Galileo GalileiNothing is so difficult as not deceiving oneself.~ Ludwig Wittgenstein May 5, 2014Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.~ Milton FriedmanWhen a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.~ Napoleon BonaparteIn finance, everything that is agreeable is unsound.~ Sir Winston Churchill May 2, 2014Although gold and silver are not by nature money, money is by nature gold and silver.~ Karl MarxGovernments lie; bankers lie; even auditors sometimes lie: gold tells the truth.~ Lord Rees MoggGold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.~ Norm Franz 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 Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print