When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.
- Frédéric Bastiat - Topics: Government.
Ask five economists and you'll get five different explanations - six if one went to Harvard.
- Edgar R. Fiedler - Topics: Economist.
The longer the boom of inflationary bank credit continues, the greater the scope of malinvestments in capital goods, and the greater the need for liquidation of these unsound investments. When the credit expansion stops, reverses, or even significantly slows down, the malinvestments are revealed.
- Ludwig von Mises - Topics: Monetary Policy.
The progress of the enormous debts which at present oppress, and will in the long-run probably ruin, all the great nations of Europe, has been pretty uniform. (written in 1776)
- Adam Smith - Topics: Debt, Default, Government.
The hardest thing in the world to understand is income tax.
- Albert Einstein - Topics: Tax, Government.
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.
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.
Governments are like primitive cannibals feasting on a great treasure trove of sheeple. You can't force them out, and you can't vote them out. But you can sure as hell starve them out. When enough people pick up and leave, essentially voting with their feet, it accelerates the system crash.
- Simon Black - Topics: Tax, Government.
The goal of the good trader, paradoxically, is not to make money. His goal is to trade well.
- Alexander Elder - Topics: Trader.
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.
Europe is just like the sinking Titanic: not even first class passengers can save themselves.
- Giulio Tremonti - Topics: Debt, Eurocrisis.
The US has 75 trillions of unpaid for liabilities in a 15 trillion economy. How are we ever going to be pay for it? It's a number that cannot happen. So I don't worry about it. The far more interesting question is: what happens at the moment we realise that we can't pay 75 trillion?
- John Mauldin - Topics: Debt, Default, Government.
