Famous quotes by Economists


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"The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened that way because someone wanted it to happen that way"
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"What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long"
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"What 'multiculturalism' boils down to is that you can praise any culture in the world except Western culture - and you cannot blame any culture in the world except Western culture"
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"Too much of what is called "education" is little more than an expensive isolation from reality"
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"There are only two ways of telling the complete truth - anonymously and posthumously"
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"The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department"
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"Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good"
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"Mistakes can be corrected by those who pay attention to facts but dogmatism will not be corrected by those who are wedded to a vision"
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"Like a baseball game, wars are not over till they are over. Wars don't run on a clock like football. No previous generation was so hopelessly unrealistic that this had to be explained to them"
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"Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help"
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"Liberalism is totalitarianism with a human face"
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"It takes considerable knowledge just to realize the extent of your own ignorance"
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"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong"
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"It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it"
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"Imagine a political system so radical as to promise to move more of the poorest 20% of the population into the richest 20% than remain in the poorest bracket within the decade? You don't need to imagine it. It's called the United States of America"
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"If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 60 years ago, a liberal 30 years ago and a racist today"
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"If you are not prepared to use force to defend civilization, then be prepared to accept barbarism"
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"If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win"
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"Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric"
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"Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities"
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"Elections should be held on April 16th- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders"
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"Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late"
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"Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it"
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"Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights"
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"Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets"
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"Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies"
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"The people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them"
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"The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics"
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"Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved"
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"You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing"
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