Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing.

Liberty'''.that condition of man in which coercion of some by others is reduced as much as possible in society

I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.

While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.

The driving force behind the liberal counter-offensive in Europe has been a reaction against irresponsibility.

Change comes not from men and women changing their minds, but from the change from one generation to the next.

If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.

Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

You have a lot of young people who still feel somewhat marginalized, even if they do vote for Hillary Clinton.

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.

That the means of imperialist policy overshadow almost entirely its original ends has tremendous implications.

The concentration of U.S. income and wealth in the hands of the very rich is a new development in my lifetime.

The remarkable fact is not how much government does to control economic activity, but how much it does not do.

Shopping for an annuity with hundreds of thousands of dollars at stake can be daunting, even for an economist.

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

The publication of the third volume of Capital has made hardly any impression upon bourgeois economic science.

If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.

It doesnt matter what you do if you dont do what matters. If you do what matters it doesnt matter what you do.

Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.

The ideal weapons system is built in 435 congressional districts and it doesn't matter whether it works or not.

Progress is more plausibly judged by the reduction of deprivation than by the further enrichment of the opulent

Human ordeals thrive on ignorance. To understand a problem with clarity is already half way towards solving it.

Half of all people who go bankrupt cite a medical problem as one of the things that drove them into bankruptcy.

September and October of 2008 was the worst financial crisis in global history, including the Great Depression.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives.

To start with, anybody who would like the world to be a better place should be able to think like an economist.

What is lacking in India are decent social services. The health service is a disaster. Education is a disaster.

Any union that can't accept workers choosing their own representatives through universal franchise is finished.

capital cannot be more beneficially employed, then in strengthening and aiding the productive powers of nature.

Valuation is vague and arbitrary, when there is no assurance that it will be generally acquiesced in by others.

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

Much of the world's work, it has been said, is done by men who do not feel quite well. Marx is a case in point.

Of all the weapons in the Federal Reserve arsenal, words were the the most unpredictable in their consequences.

I never enjoyed writing a book more; indeed, it is the only one I remember in no sense as a labor but as a joy.

The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor's expense.

The OECD deals with the economic aspects of a host of issues, including education, health, and the environment.

Those who argue for Brexit are wrong, and that is because they have not been properly informed about the costs.

No-one has held back. They have put some definition around the numbers and now we have to wait for the reality.

It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.

With laissez-faire and price atomic, ecology's uneconomic, But with another kind of logic economy's unecologic.

We got our freedom and our liberty from the Creator, from God. That is a lesson conservatives have to remember.

The worst thing that can happen to an investor is to make money on his first trade; he thinks investing is easy

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay

The perception of poverty as morally intolerable in a rich society had to await the emergence of a rich society

I think investing in a good education has been key for me, although the investment was more in time than money.

When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.''

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