The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
- Jesse Livermore - Topics: Wall Street, Stock Market.
The economy depends about as much on economists as the weather does on weather forecasters.
- Jean-Paul Kauffmann - Topics: Economist.
Bad money drives out good. (When a government or central bank overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation, while the overvalued money will flood into circulation)
- Thomas Gresham - Topics: Fiat Currency.
The two enemies of the people are criminals and Government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first.
- Thomas Jefferson - Topics: Government.
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.
Remember, your goal is to trade well, not to trade often.
- Alexander Elder - Topics: Trader, Stock Market.
Don't forget: bankers may not mature, but debt matures.
- Lloyd Blankfein - Topics: Banking System.
Enron is another good example. It was probably regulated by more agencies than any company in existence and yet it created a gigantic mess that was never noticed by regulators, but had to be uncovered by a single independent financial analyst. The truth is that regulation instills confidence in the public so that they let down their guard and makes them less cautious while at the same time distorting the competitive nature of firms in the marketplace.
- Mark Thornton - Topics: Regulation.
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.
The State is the great fiction through which everyone endeavours to live at the expense of everyone else.
- Frédéric Bastiat - Topics: Government.
If something cannot go on forever, it will stop.
- Herbert Stein - Topics: Stock Market.
Are you joking, having faith in the U.S. administration. I wonder who in the world would have a faith in the U.S. administration. For sure not someone who thinks.
- Marc Faber - Topics: Government.
