Famous quotes by Economists


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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 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 next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department"
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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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"You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing"
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"The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive"
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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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"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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"The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending"
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"The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling"
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"The welfare state is not really about the welfare of the masses. It is about the egos of the elites"
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