170 Quotes About Trade

Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.

There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.

Within a world of free trade and democracy there are no incentives for war and conquest. In such a world it is of no concern whether a nation’s sovereignty stretches over a larger or a smaller territory. Its citizens cannot derive any advantage from the annexation of a province. us territorial problems can be treated without bias and passion; it is not painful to be fair to other people’s claims for self-determination.

It must be remembered that a vast majority of mankind’s history has been spent living under the rule of tyrants and authoritarians. The ideas of Liberty are very new when you consider the big picture. By contrast, various forms of socialism and fascism have been adopted over and over again. Be wary of those who try to present these old and tired ideas as something new and exciting. Liberty and free markets are the way forward if we truly desire peace and prosperity.

Why anarchy? Because anything less would be uncivilized.

The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation.

To focus solely on endings is to trade conclusions for the very beginnings that created them. And if this cycle should persist, we will likewise miss the beginning that will follow this ending.

it isn’t just talent which is mobile today, the work itself is highly mobile too.

In the time to come, Ladakh will change the map of the whole world, the main reason will be Kashmir.