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Quotes by Economist
"Our object in these remarks has been not only to account for the slow progress which has as yet been made by Political Economy, and to suggest means by which its advancement may be accelerated, but also to warn the reader of the nature of the following Treatise."
22
"In this country, the health concerns and the environmental concerns are as deep as in Europe. All the surveys show that. But here, we didn't have the cultural dimension. This is a fast-food culture."
22
"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."
22
"The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didn't construct his theory under order from a, from a bureaucrat. Henry Ford didn't revolutionize the automobile industry that way."
21
"In 1958, I came to Chicago where I have remained."
21
"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."
21
"Scratch a pessimist and you find often a defender of privilege."
21
"The friend of the present order of things condemns all political speculations in the gross."
21
"Humanity is the virtue of a woman, generosity that of a man."
21
"I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible."
21
"A laborer no longer makes whole articles. He receives raw materials, puts his touch on them, and passes them to another worker in the series. When the articles are quite finished they are carried out of sight by currents of commercial exchange. These currents are untraceable."
21
"We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well."
21
"Wealth, in even the most improbable cases, manages to convey the aspect of intelligence."
21
"Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned."
21
"You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America."
21
"For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that 'the monetary standard of the victors' would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money."
21
"It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets."
21
"If all the exchange-ratios of the past were erased from human memory, the process of market-price-determination might certainly become more difficult, because everybody would have to construct a new scale of valuations for himself; but it would not become impossible. In fact, people the whole world over are engaged daily and hourly in the operation from which all prices result: the decision as to the relative significance enjoyed by specific quantities of goods as conditions for the satisfaction of wants."
21
"If the possessor of a units of money receives h additional units, then it is not at all true to say that he will value the total stock a + h exactly as highly as he had previously valued the stock a alone. Because he now has disposal over a larger stock, he will now value each unit less than he did before; but how much less will depend upon a whole series of individual circumstances, upon subjective valuations that will be different for each individual."
21
"The constant effort towards population, which is found even in the most vicious societies, increases the number of people before the means of subsistence are increased."
21
"The electronic media introduced this idea to the larger audience very, very quickly. We spent years and years and years meeting with activists all over Europe to lay the groundwork for a political response, as we did here."
21
"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else."
21
"True patriotism isn't cheap. It's about taking on a fair share of the burden of keeping America going."
21
"The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity."
21
"For when the Law of Price declares that a good actually commands a particular price, and explains why it does so, it of course implies that the good is able to command this price, and explains why it is able to do so. The Law of Price comprehends the Law of Exchange-Value."
21
"Concentrated power is not rendered harmless by the good intentions of those who create it."
21
"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."
20
"Any informed borrower is simply less vulnerable to fraud and abuse."
20
"I know quite a few farmers all over the United States who have tried this and have said the opposite, that they have to use more herbicides, not less. The same holds true with BT."
20
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