Famous Economic Quotes


Historical Quotes

One of the greatest pieces of economic wisdom is to know what you do not know.    John K. Galbraith

 

There are two things that can disrupt the American economy.  One is a war.  The other is a meeting of the Federal Reserve Board.     Will Rogers

 

In all the recorded history there has not been one economist who has had to worry about where the next meal would come from.     Peter Drucker

 

Economists think the poor need them to tell them that they are poor.     Peter Drucker

 

 If our economy of freedom fails to distribute wealth as ably as it has created it, the road to dictatorship will be open to any man who can persuasively promise security to all.     Will and Ariel Durant

 

 What’s good politics is bad economics; what’s bad politics is good economics; what’s good economics is bad politics; what’s bad economics is good politics. Or…what’s good politics is bad economics and vice versa, vice versa.     Eugene Baer

 

The instability of the economy is equaled only by the instability of economists.     John H. Williams

 

  An economist is a man who would marry Elizabeth Taylor for her money.     Anonymous

 

 Economist: A man who states the obvious in terms of the incomprehensible.     Alfred A. Knopf

 

 [Economists] can take facts and figures and bring them together, but their predictions are not worth any more than ours.  If they were, they would have all the money and we would not have anything.     Bernard Baruch

Think what you do when you run into debt; you give to another power over your liberty.  Benjamin Franklin

Property: Rightful dominion over external objects; ownership; the unrestricted and exclusive right to a thing; Property is the highest right a man can have to anything.  Black's Law Dictionary Second Edition, 1891

The highest level of prosperity occurs when there is a free-market economy and a minimum of government regulations.  Adam Smith, "The Wealth of Nations"

We are more heavily taxed by our idleness, pride and folly than we are taxed by government.  Benjamin Franklin

Taxation is the art of plucking the goose, so as to obtain the largest amount of feathers with the smallest amount of hissing.  Jean-Baptiste Colbert, Minister of Finance under Louis XIV

I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing powers should be taken from the banks and restored to the people to whom it properly belongs.  Thomas Jefferson

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

We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks...They are, not government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers...  Senator Louis T. McFadden (for 22 years Chairman of the U.S. Banking & Currency Commission)

 

 

 

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