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Quotes by Economist
"More dangerous than bayonets and cannon are the weapons of the mind."
15
"Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation and importation, have been prohibited. Exporters have been forbidden to sell for their own country's notes, importers to buy with them."
15
"And for man to look upon himself as a capital good, even if it did not impair his freedom, may seem to debase him... by investing in themselves, people can enlarge the range of choice available to them. It is one way free men can enhance their welfare."
15
"The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble."
15
"Though you should still let her do what she wants, don't let her take total control of you or you won't be making the most of your experience."
15
"If you're constantly making yourself available to people's whims, your time will become less valuable. Keep your backbone in any relationship - make sure you're not so dedicated to it, and it shall stay sweet forever."
15
"Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."
15
"Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being."
15
"Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities."
15
"Determinants of prices have their effect only through the medium of the subjective estimates of individuals, and the extent to which any given factor influences these subjective estimates can never be predicted."
15
"We have reached a time where we are suppressing talents in our communities with our common thinking."
15
"The happiness of childhood, the calming of a child's fears and the healthy development of its self-confidence depend directly upon love."
15
"Always count the costs before starting any journey, and never take a step without finding its costs."
15
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