I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.
- Warren Buffett - Topics: Stock Market, Investing.
The economy depends about as much on economists as the weather does on weather forecasters.
- Jean-Paul Kauffmann - Topics: Economist.
The State is the great fiction through which everyone endeavours to live at the expense of everyone else.
- Frédéric Bastiat - Topics: Government.
Not to own any gold is to trust central bankers and that you don't want to do in your life.
- Marc Faber - Topics: Monetary Policy, Gold, Central Bank.
Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.
- Nassim Nicholas Taleb - Topics: Cryptocurrency.
Derivatives are financial weapons of mass destruction.
- Warren Buffett - Topics: Derivatives.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
- Alan Greenspan - Topics: Inflation, Gold, Fiat Currency.
I keep in my toilet a picture of Mr. Bernanke. And every time I think about selling my gold, I look at it and I know better!
- Marc Faber - Topics: Central Bank, Monetary Policy.
Economic history is a long record of Government policies that failed because they were designed with a bold disregard for the laws of economics.
- Ludwig von Mises - Topics: Government.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.
- Frédéric Bastiat - Topics: Economist.
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
- Henry Ford - Topics: Banking System, Fiat Currency.
The balance sheet of the euro system, isn't only gigantic in size but also shocking in quality.
- Alexander Elder - Topics: Central Bank, Eurocrisis, Fiat Currency.
