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"Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information?"
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"The economic base of a nation, is the foundation of the it's secrets."
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Personal Development
"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."
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Personal Development
"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."
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Personal Development
"And it will often happen that a man with wealth in the form of coined money will not have enough to eat, and what a ridiculous kind of wealth is that which even in abundance will not save you from dying with hunger!"
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Personal Development
"During the gold rush its a good time to be in the pick and shovel business."
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Personal Development
"Wealth ... and poverty: the one is the parent of luxury and indolence and the other of meanness and vicious-ness and both of discontent."
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Personal Development
"If you've got unemployment, low pay, that was just too bad. But that was the system. That was the sort of economy and philosophy against which I was fighting in the 1930s."
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Personal Development
"U.S. companies earn more from their investments in the EU than in the rest of the world combined."
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Personal Development
"The E.U. imports more agricultural goods from developing countries around the world than does the U.S., Canada and Japan, combined."
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Personal Development
"European investment in Texas alone exceeds all U.S. investment in China and Japan put together."
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"This means that to entrust to science - or to deliberate control according to scientific principles - more than scientific method can achieve may have deplorable effects."
Science
"If we wish to preserve a free society, it is essential that we recognize that the desirability of a particular object is not sufficient justification for the use of coercion."
Society
"I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation."
Character
"It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only those individuals know."
Society
"We know: of course, with regard to the market and similar social structures, a great many facts which we cannot measure and on which indeed we have only some very imprecise and general information."
Fact
"Perhaps the fact that we have seen millions voting themselves into complete dependence on a tyrant has made our generation understand that to choose one's government is not necessarily to secure freedom."
Government
"We have indeed at the moment little cause for pride: as a profession we have made a mess of things."
Cause
"The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion."
Progress
"If most people are not willing to see the difficulty, this is mainly because, consciously or unconsciously, they assume that it will be they who will settle these questions for the others, and because they are convinced of their own capacity to do this."
People
"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."
Liberty
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