Quotes of All Topics . Occasions . Authors
I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.
Eternal vigilance is only part of the price of freedom. The maturity to live with imperfections is another crucial part of the price of freedom.
Few professors would dare to publish research or teach a course debunking the claims made in various ethnic, gender, or other 'studies' courses.
A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.
As American education and intelligence becomes replaced by feelings and emotion, not seeing the forest for the trees has become a major problem.
I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.
[Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.
The American people are among the most productive in the world. We have the best technologies. We have great universities. We have entrepreneurs.
Many savers are also homeowners; indeed, a family's home may be its most important financial asset. Many savers are working, or would like to be.
People saw the Depression as a necessary thing - a chance to squeeze out the excesses, get back to Puritan morality. That just made things worse.
Happiness is the freedom of choice. The freedom to choose where to live, what to do, what to buy, what to sell, from whom, to whom, when and how.
In short, is not liberty the freedom of every person to make full use of his faculties, so long as he does not harm other persons while doing so?
The more I learn about the evolution of ideas, the more I have become aware that I am simply an unrepentant Old Whig-with the stress on the "old.
If someone loves you, they can fall out of love with you but they're probably going to keep fearing you. That's where we are with [Donald] Trump.
African history is filled with experiences of people shooting their way to power and then splintering into factions, like in Somalia and Liberia.
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
Africa must take the first steps into modernity on its own. There must be a change in mentality. We have to stop perceiving ourselves as beggars.
I know that it is not enough to be remembered for books and theories. One does not make a difference unless it is a difference in people's lives.
I don't think anybody really thinks that one should get rid of the World Bank. Reform is one thing, but getting rid of it I think would be wrong.
The problem of social organization is how to set up an arrangement under which greed will do the least harm, capitalism is that kind of a system.
No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.
If someone says to you, 'Go to an old-folks' home,' that's kind of ridiculous, because a lot of old people are doing terrific things for society.
Fortunately poorer countries, such as China, are showing leadership and beginning to demonstrate to the world how to invest in low-carbon growth.
God made a mistake when he gave to humans, infected as they are with evil, jurisdiction over Earth. He should have given jurisdiction to animals.
It is the job of government to prevent a tragedy of the commons. That includes the commons of shared values and norms on which democracy depends.
I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.
Even a mother - Jewish or not - can't worry about everything. So it is important that we limit our worries to real as opposed to imaginary risks.
Lotteries are just one way to provide positive reinforcement. Their power comes from the fact that the chance of winning the prize is overvalued.
To follow imperfect, uncertain, or corrupted traditions, in order to avoid erring in our own judgment, is but to exchange one danger for another.
Wars of aggression are the most barbarous of all human endeavors and are, more often than not, the instruments of insane tyrants who hear voices.
The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.
As I see it, most major philanthropists have been bullied into giving. They feel social pressure to give. It has become a cost of doing business.
The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.
Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.
I am so old that I can remember when liberals were liberal - instead of being intolerant of anything and anybody that is not politically correct.
Nobody would put as little thought and effort into buying an automobile as they put into deciding who to elect as President of the United States.
According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
Starvation is the characteristic of some people not having enough food to eat. It is not the characteristic of there being not enough food to eat.
It is very much easier for a rich man to invest and grow richer than for the poor man to begin investing at all. And this is also true of nations.
The more important reason is that the research itself provides an important long-run perspective on the issues that we face on a day-to-day basis.
In the tradition of national income accounting, economic policymakers have typically focused on variables such as income, wealth, and consumption.
No one can escape the iron rule that once you make a forecast, you know you're going to be wrong; you just don't know when and in which direction!
There is some risk to increase birth defects if you do a lot of outdoor gardening when you are pregnant. That can increase rates of toxoplasmosis.
We are considered to be a watchdog, the IEA, and a watchdog fulfils its task only if it barks. So I bark when I think there is a need for barking.
It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.
People are beginning to realize that the apparatus of government is costly. But what they do not know is that the burden falls inevitably on them.
All sudden and violent changes, whatever their causes or character, must tend to decrease the respect for status quo as a natural order of things.
We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing.