Quotes of All Topics . Occasions . Authors
My premise is not to tax to destroy the wealth of the wealthy; it's to increase the wealth of the bottom and the middle class.
To say that being non-judgmental is better than being judgmental is itself a judgment, and therefore a violation of principle.
High tax rates that people don't actually pay do not bring the government as much revenue as lower tax rates that they do pay.
Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.
The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.
The downturn following the collapse of Japan's so-called bubble economy of the 1980s was not as severe as the Great Depression.
Scholars today are under increasing pressure to publish. Consequences of this pressure are incentives to deviate from the truth
If English money was of the same value then as before, Hamburgh money must have risen in value. But where is the proof of this?
When government does more than guard against the initiation of force, inevitably it becomes a means of theft and bamboozlement.
The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder.
Politicians and bureaucrats are no different from the rest of us. They will maximize their incentives just like everybody else.
The government and the people are under a moral necessity of acting together; a free press compels them to bend to one another.
But whilst there may be intrinsic reasons for the scarcity of land, there are no intrinsic reasons for the scarcity of capital.
Not everybody is qualified to go to Stanford, but everybody should have access to the best qualify for which they are eligible.
I'm enough of a political junkie to know if you have large numbers of people much worse off, you're going to have consequences.
A society based on the freedom to choose is better than a society based on the principles of socialism, communism and coercion.
One of the reasons that I am in favor of less government is because when you have more government, industrialists take it over.
My parents lost everything, all their savings, because we had to run from the Nigerian side to the Biafran side. We were Igbos.
Do politicians understand just how difficult it could be, just how devastating rises of 4C, 5C or 6C could be? I think, not yet
The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.
The consumer, so it is said, is the king each is a voter who uses his money as votes to get the things done that he wants done.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
The fact that there is no such thing as a perfect anti-sepsis does not mean that one might as well do brain surgery in a sewer.
I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.
Wall Street is populated by a bunch of people whose primary goal is to make money, and the rules are pretty much caveat emptor.
I am not political. It is not my job. But I would be happy if politicians could read my work and draw some conclusions from it.
For every expert there is an equal and opposite expert, but for every fact there is not necessarily an equal and opposite fact.
As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.
Just what is it that academics have to fear if they stand up for common decency, instead of letting campus barbarians run amok?
It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus.
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
Though a simple book can be written on selected topics, the central doctrines of economics are not simple and cannot be made so.
I dont think that India is much celebrated for its democracy. Democracy has been a very neglected commodity at home and abroad.
I take the market-efficiency hypothesis to be the simple statement that security prices fully reflect all available information.
Just because a group does not take its decisions by voting does not mean they have no understanding of the essence of democracy.
Democracy, despite its limitations, is in the end the only way to ensure that policies do not simply benefit the privileged few.
It is our common experience as human beings that the results of social forces seem to admit only of 'probabilistic' predictions.
Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.
The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.
The drive toward complex technical achievement offers a clue to why the U.S. is good at space gadgetry and bad at slum problems.
Some challenges remain, but the bottom line is that low-carbon options can and should play a much greater role in energy supply.
Frankly, I'd love to see a multiparty system, like we have in some of our European countries. But I'm not sure how to get there.
The Task Force didn't produce any earth-shattering findings but it suggests that this matter is on the president's radar screen.
The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.
The way the system now works, credit is extended to those who don't need it and denied to those who are in desperate need of it.
For those of us in the financial world, Black Friday has a strong negative connotation, referring to a stock market catastrophe.
The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years.
To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.