Intelligent Quotes

“The absolute balance of Give and Take, the doctrine that every thing has its price—and if that price is not paid, not that thing but something else is obtained, and that it is impossible to get any thing without its price—is not less sublime in the columns of a ledger than in the budgets of states.”

“It is paradoxical and disturbing to us that economists have long praised foolish spending as a necessary ingredient of a successful economy.”

“Capitalism works best when there is trust in the system.”

“I find it quite useful to think of a free market economy—partly free market economy—as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well.”

“The only safe rule is found in the self-adjusting meter of demand and supply.”

“Now when a country does not pay its debts you cannot take its word on anything.”

“If you tax too high, the revenue will yield nothing.”