Share on Facebook Share on Twitter Comment on this quoteShare via Email Print this Page Daily Quotes Archives2026-05-07 May 7, 2026[U]nemployment is ... a side effect of the cure for inflation.~ Milton FriedmanNo scheme which has ever been devised by them has ever made a collapsed boom go up again.~ William Graham SumnerA 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 May 6, 2026Ruff'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 RuffChristmas is a time when kids tell Santa what they want and adults pay for it. Deficits are when adults tell the government what they want and their kids pay for it.~ Richard LammGovernment is not the generator of economic growth; working people are.~ Sen. Phil Gramm May 5, 2026We also need to encourage Americans to become more fiscally responsible themselves. We can do this by redesigning our tax system into an expenditure tax with a single flat rate. ... We have to substantially reduce the size and scope of the federal government, fundamentally increase the role of the states in choosing their own practices, and bring decision-making closer to the people, not to unelected administrators. These steps are crucial to getting our nation on a path of fiscal, political and constitutional responsibility.~ Edwin FeulnerTrue individual freedom cannot exist without economic security and independence.~ Franklin D. RooseveltI am not a number, I am a free man!~ Patrick McGoohan May 4, 2026The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value. Grave doubts have been entertained whether Congress is authorized by the Constitution to make any form of paper money legal tender. The present issue of United States notes has been sustained by the necessities of war; but such paper should depend for its value and currency upon its convenience in use and its prompt redemption in coin at the will of the holder, and not upon its compulsory circulation. These notes are not money, but promises to pay money. If the holders demand it, the promise should be kept.~ James A. GarfieldI am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements.~ Milton FriedmanWhere would we be if we had I.O.U.'s scrip and certificates floating all around the country?" Instead he decided to "issue currency against the sound assets of the banks. [As opposed to issuing currency against gold.] The Federal Reserve Act lets us print all we'll need. And it won't frighten the people. It won't look like stage money. It'll be money that looks like real money.~ William Hartman Woodin May 1, 2026The mass man is one who has neither the force of intellect to apprehend the principles issuing in what we know as the humane life, nor the force of character to adhere to those principles steadily and strictly as laws of conduct; and because such people make up the great and overwhelming majority of mankind, they are called collectively the masses. The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either. ~ Albert Jay NockThere are three kinds of lies: Lies, Damn Lies, and Statistics.~ Benjamin DisraeliAmerican [public] schools are failing because they are organized according to a bureaucratic, monopolistic model; their organizing principle is basically the same as that of a socialist economy.~ David Boaz Previous week's quotes Next week's quotes Share on Facebook Tweet Email Print