1,161 Quotes About Economics

Experience teaches effectually, but brutally. It makes us acquainted with all the effects of an action, by causing us to feel them; and we cannot fail to finish by knowing that fire burns, if we have burned ourselves. For this rough teacher, I should like, if possible, to substitute a more gentle one. I mean Foresight. For this purpose I shall examine the consequences of certain economical phenomena, by placing in opposition to each other those which are seen, and those which are not seen.

In spite of its alluring name, the welfare state stands or falls by compulsion. It is compulsion imposed upon us with the state’s power to punish noncompliance. Once this is clear, it is equally clear that the welfare state is an evil the same as every restriction of freedom.

Where there is commerce there is peace.

Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of socialism.

There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire.

War has been the necessary and inevitable consequence of the establishment of a monopoly on security.

Free markets are the real people's revolution.

In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.

In families one can’t choose one’s siblings. Within regions one doesn’t choose one’s neighbors. And if you are one of the world’s leading producers of a critical industrial resource like copper, in the end you can’t really choose your customers. China and Zambia will just have to get along.