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.
All taxes discourage something. Why not discourage bad things like pollution rather than good things like working or investment?
- Lawrence Summers - Topics: Tax.
If investing is entertaining, if you're having fun, you're probably not making any money. Good investing is boring.
- George Soros - Topics: Investing.
The old saying holds. Owe your banker $1000 and you are at his mercy; owe him $1 million and the position is reversed.
- John Maynard Keynes - Topics: Debt.
With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.
- Friedrich A. Hayek - Topics: Fiat Currency, Government, Inflation.
If something cannot go on forever, it will stop.
- Herbert Stein - Topics: Stock Market.
Under a gold standard, sound government has a much better chance; its leaders can say to the people and to the politicians, "We can't do it unless we increase taxes." The gold standard is a form of protection against spendthrift governments.
- Ludwig von Mises - Topics: Inflation, Gold.
Economics is extremely useful as a form of employment for economists.
- John Kenneth Galbraith - Topics: Economist.
Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.
- Sir Josiah Stamp - Topics: Banking System.
Average investors can become experts in their own field and can pick winning stocks as effectively as Wall Street professionals by doing just a little research.
- Peter Lynch - Topics: Wall Street, Stock Market, Investing.
The economy depends about as much on economists as the weather does on weather forecasters.
- Jean-Paul Kauffmann - Topics: Economist.
Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
- Ludwig von Mises - Topics: Tax.
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