Finance Quotes on Government

Politics can affect things temporarily and locally, but technology is what drives things forward permanently and globally. From shells to gold, from papyrus bills of exchange to central banks, and from the invention of the telegraph to the creation of Bitcoin, this is just as true for money as it is for anything else.

- Lyn Alden - Topics: Politics, Government, Bitcoin, Bitcoin.

I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.

- Friedrich A. Hayek - Topics: Money, Inflation, Government, Fiat Currency, Cryptocurrency, Central Bank, Bitcoin, Banking System.

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.

- Ronald Reagan - Topics: Politics, Government, Regulation, Tax.

How long can a central bank continue an inflation? Probably as long as people are convinced that the government, sooner or later, but certainly not too late, will stop printing money and thereby stop decreasing the value of each unit of money. When people no longer believe this, when they realize that the government will go on and on without any intention of stopping, then they begin to understand that prices tomorrow will be higher than they are today. Then they begin buying at any price, causing prices to go up to such heights that the monetary system breaks down.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Fiat Currency, Central Bank.

A government big enough to give you everything you want, is strong enough to take everything you have.

- Thomas Jefferson - Topics: Government, Tax.

The long run is a misleading guide to current affairs. In the long run we are all dead.

- John Maynard Keynes - Topics: Default, Debt, Government.

Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.

- Ron Paul - Topics: Government.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

- Friedrich A. Hayek - Topics: Monetary Policy, Inflation, Government, Fiat Currency.

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: Central Bank, Government, 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: Government, Default, Debt.

They tell us that the government can spend and spend without taxing at all, that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves". Such pleasant dreams in the past have always been shattered by national insolvency or a runaway inflation. All government expenditures must eventually be paid out of the proceeds of taxation and inflation itself is merely a form, and a particularly vicious form, of taxation.

- Henry Hazlitt - Topics: Monetary Policy, Inflation, Government, Tax.

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: Inflation, Government, Fiat Currency, Bitcoin, Monetary Policy.

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.

Government can screw up just about everything. Given enough power and time it will screw up everything.

- Mark Thornton - Topics: Monetary Policy, Government, Politics, Regulation.

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.

In the long run, inflation comes to an end with the breakdown of the currency.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Debt, Central Bank.

This EU is the New Communism. It is Power without Limits.

- Nigel Farage - Topics: Government.

The government takes your money away with taxes and then hires people to bother you even more.

- Marc Faber - Topics: Tax, Regulation, Politics, Government.

I put it to you: if you rob people of their ability to determine their own future, they will turn to violence.

- Nigel Farage - Topics: Government, Debt.

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.

Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation.

- Ludwig von Mises - Topics: Tax, Monetary Policy, Government, Debt.

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.

The State is the great fiction through which everyone endeavours to live at the expense of everyone else.

- Frédéric Bastiat - Topics: Government.

The government must keep its hands off the recession, so that the recession process can quickly eliminate the distortions imposed by the government-created inflationary boom.

- Ludwig von Mises - Topics: Monetary Policy, Government.

You have to keep government spending as a fraction of our income. If you do that, you can stop worrying about the debt.

- Milton Friedman - Topics: Tax, Government, Debt.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

- John Maynard Keynes - Topics: Government, Inflation.

By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

- John Maynard Keynes - Topics: Tax, Inflation, Government, Fiat Currency.

How can anyone in his right mind think that our economic sluggishness is due to insufficient deficits and a timid Fed? Plenty do. It is a case of denial of an obvious fact: the entire Keynesian / government approach to stimulus has been a catastrophic failure.

- Robert P. Murphy - Topics: Economist, Government, Monetary Policy.

An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole doctrine of interventionism collapses when this fountain is drained off. The Santa Claus principle liquidates itself.

- Ludwig von Mises - Topics: Tax, Socialism, Government, Debt.

The sad fact is we have no easy way out of the debt situation.

- John Mauldin - Topics: Government, Default, Debt.

Inflation is caused by the Federal government spending more than it earns, because they just print more money to make up the difference. To solve inflation, reduce wasteful government spending. Your tax dollars should be spent well, not poorly.

- Elon Musk - Topics: Inflation, Government.

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: Government, Gold, Inflation.

I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.

- Warren Buffett - Topics: Politics, Government, Debt.

One has not only a legal, but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws.

- Martin Luther King - Topics: Government.

There is no such thing as an unbalanced federal budget. You are paying for it. If you're not paying for it in the form of explicit taxes, you're paying for it indirectly in the form of inflation or in the form of borrowing.

- Milton Friedman - Topics: Inflation, Government, Debt, Tax.

Keep your eye on how much the government is spending, because that is the true tax.

- Milton Friedman - Topics: Tax, Government, Debt.

Socialism works fine until you run out of someone else's money.

- Margaret Thatcher - Topics: Tax, Socialism, Government.

Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.

- David Ricardo - Topics: Inflation, Government, Fiat Currency, Cryptocurrency, Bitcoin.

One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.

- Ron Paul - Topics: Tax, Government.

The hardest thing in the world to understand is income tax.

- Albert Einstein - Topics: Tax, Government.

Be thankful we're not getting all the government we're paying for.

- Will Rogers - Topics: Tax, Government.

The issue is always the same: the government or the market. There is no third solution.

- Ludwig von Mises - Topics: Government.

The correct conclusion in my view is that we need to be pre-emptive in avoiding these types of problems in the future. Monetary policy should not be aimed at cleaning up a mess, but leaning against the wind to avoid the mess in the future.

- Stephen Roach - Topics: Money, Monetary Policy, Government.

The problem is not that people are taxed too little, the problem is that government spends too much.

- Ronald Reagan - Topics: Tax, Government.

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