Quotes of All Topics . Occasions . Authors
In any series of elements to be controlled, a selected small fraction, in terms of numbers of elements, always accounts for a large fraction in terms of effect.
We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded.
All classes of society are trade unionists at heart, and differ chiefly in the boldness, ability, and secrecy with which they pursue their respective interests.
I feel quite unable to adopt the opinion that the moment goods pass into the possession of the consumer they cease altogether to have the attributes of capital.
In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose.
When freedom prevails, the ingenuity and inventiveness of people creates incredible wealth. This is the source of the natural improvement of the human condition.
Those who are rooted in the depths that are eternal and unchangeable and who rely on unshakeable principles, face change full of courage, courage based on faith.
In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.
The guiding principle that a policy of freedom for the individual is the only truly progressive policy remains as true today as it was in the nineteenth century.
The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.
But the general welfare must restrict and regulate the exertions of the individuals, as the individuals must derive a supply of their strength from social power.
[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.
Freedom is the quality of being free from the control of regulators and tax collectors. If I want to be free their control, I must not impose controls on others.
Then it was that the exports of slaves from Virginia and the Carolinas was so great that the population of those States remained almost, if not quite stationary.
We have to struggle against the conservatives from all sides, not only the right-wingers, but also the left-wing conservatives who don't want to change anything.
The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.
Try this: say the words "global, global, global" aloud several times, as fast as you can. You'll find yourself sounding like a turkey ("gobble, gobble, gobble").
Proving that profit is economically and morally justifiable, rather than the result of exploitation, has been a central preoccupation of neoclassical economists.
There was the Missile Crisis, but one can't attribute to the [J.F.] Kennedy years anything like the problems that [Franklin] Roosevelt stood over and surmounted.
I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.
This is the first great problem of modern democracy...how to get a fair living by reasonable hours of work leaving enough leisure for both childhood and manhood.
Any attempt to reduce the complex properties of biological organisms or of nervous systems or of human brains to simple physical and chemical systems is foolish.
The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them
Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.
It would be much more consumer friendly for them to beep you when you swipe your card that says, uh-oh you're over your limit, are you sure you want to use that?
'Fun money' is another thing that makes no sense to traditional economists. Because there's just money; there's no 'fun money.' It's all supposed to be the same.
As the telescope is not a substitute for, but an aid to, our sight, so revelation is not designed to supersede the use of reason, but to supply its deficiencies.
Economists can be called the worldly philosophers for they sought to embrace in a scheme of philosophy the most worldly of man's activities-his drive for wealth.
Money never remains just coins and pieces of paper. Money can be translated into the beauty of living, a support in misfortune, an education, or future security.
The black family survived centuries of slavery and generations of Jim Crow, but it has disintegrated in the wake of the liberals' expansion of the welfare state.
Apparently the only people who are supposed to be responsible are the taxpayers - and they are increasingly made responsible for other people's irresponsibility.
People who refuse to accept unpleasant truths have no right to complain about politicians who lie to them. What other kind of candidates would such people elect?
So soon as the possession of property becomes the basis of popular esteem, therefore, it becomes also a requisite to that complacency which we call self-respect.
Conservatism, being an upper-class characteristic, is decorous; and conversely, innovation, being a lower-class phenomenon, is vulgar. ...Innovation is bad form.
The history of jazz for the last 45 years has come through the Monterey Jazz Festival stages. I think there's developed a legacy and an aura around the festival.
I see three forces militating in favor of growing inequality: increasing measurement of worker value added, automation through smart software, and globalization.
Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time.
In all likelihood, a significant amount of time will be required to restore the nearly eight and a half million jobs that were lost nationwide over 2008 and 2009.
A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits.
Industrialization based on machinery, already referred to as a characteristic of our age, is but one aspect of the revolution that is being wrought by technology.
I'm an extreme libertarian, but I realize we're in a democracy, and in a democracy, people can have views of all stripes, and there's no reason to argue about it.
By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached.
As is true with respect to other great evils, the measures by which war might be made altogether impossible for the future may well be worse than even war itself.
I'm left. Okay. And sometimes radically, and sometimes I even shock myself with the degree of radicalness in my own - that I'm allowing to come out in my old age.
The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.
A clear lesson of history is that a 'sine qua non' for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.
In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.
It's great to be with William Buckley, because you don't have to think. He takes a position and you automatically take the opposite one and you know you're right.
It seems strange to make a priori arguments about the relative performance of governments and the markets in health care when there is so much empirical evidence.