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Quotes by Economist

"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."

"We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different."

"The dog commends himself to our favor by affording play to our propensity for mastery."

"What ranks above all else for economic and political reconstruction is a radical change of ideologies. Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem."

"You just can't apologize for being you nor for your emotional self, nor for your intellectual self, nor for spiritual self, nor for your physical self. It's all a part of who you are, signal that you don't value who you are, once that occurs you have a serious work to do, to get back to where you need to be in order to move on in life."

"The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by bad governments. The state can be, and has often been in the course of history, the main source of mischief and disaster."

"The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains."

"The law-abiding citizen by his labor serves both himself and his fellow man and thereby integrates himself peacefully into the social order. The robber, on the other hand, is intent, not on honest toil, but on the forcible appropriation of the fruits of others' labor."

"If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins."

"In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth."

"The aim and the idea of the Four Year Plan were and remain entirely correct and necessary!"

"I assure this committee that, if I am confirmed, I will be strictly independent of all political influences... essential to that institution's ability to function effectively and achieve its mandated objectives."

"People with low self-confidence and self-esteem often feel nervous about antagonizing others and tend to rate others' needs more highly than their own."

"It was in the 1960s that I began the detailed study of public regulation."


"It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation."

"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States."

"The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical."

"Here we are 17 years later. Those agencies never did come through."

"We have indeed at the moment little cause for pride: as a profession we have made a mess of things."

"Any union that can't accept workers choosing their own representatives through universal franchise is finished."

"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it."

"In the period from 1824 to 1833, the tendency was steadily in the former direction, but it was only in the latter part of it that it was made really efficient."

"Inflation is lower and more stable and the real business cycle fluctuations are more modest."
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