I think it's absolutely clear that the fiscal path we are on is not sustainable, and for me, the best analogy is these deficits are like a cancer, and over time they will destroy the country from...

We must not tolerate oppressive government or industrial oligarchy in the form of monopolies and cartels.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic...

Clearly this is a tough economic time, and a lot of families are hurting. So when we talk to parents, we talk about small changes for kids and things that don't cost extra money. Like adding water and...

Corporations are created by the people, acting through their governments. We grant them corporate charters that confer certain legal rights and privileges, like the ability to enter into contracts,...

Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

I believe the United States is very sick financially and might not survive another four years of Obama-style leadership.

But whether, for example, a coat can be exchanged for twenty yards of linen cloth or for forty yards is not a matter of chance, but depends upon objective conditions, upon the amount of socially...

The sinews of war are infinite money.

Summer is the mother of the poor.

Capitalism in the United States has undergone profound modification not just under the New Deal but through a consensus that continued to grow after the New Deal. Government in the U.S. today is a...

Effective time management is instrumental for economic reformation.

The breaking of the interest slavery of productive work in all professional fields will grant it the primary position due to it. Money will once again be returned to its sole appropriate role of being...

Thirty years ago {written 2009}, over-regulation, over-taxation, mis-regulation, statism, state corporatism, and economic folly, cosiness and regulatory capture, and a crescent ideological enemy...

The economy depends about as much on economists as the weather does on weather forecasters.

Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so-called economists who in turn are full of schemes for getting something for nothing. They...

The time to repair the roof is when the sun is shining.

The first value of money was clearly the value which the goods used as money possessed {thanks to their suitability for satisfying human wants in other ways} at the moment when they were first used as...

Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.

No society can surely be flourishing and happy of which by far the greater part of the numbers are poor and miserable.

Money is necessary in everyone's life. Why? Only because people have decided that it should be. It didn't have to be the way that it has become. If nothing came at the price of money, it wouldn't need...

Our attitude to these criticisms must be determined by our whole moral and emotional reaction to the future of international relations and the Peace of the World.

If doctors are paid the same salary as bus drivers, community would not be crazy about making their children doctors

Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the...

The richer and more market-oriented societies have become, the nicer people have behaved.

If both the positive and the negative consequences of an action fell on its author, our learning would be fast. But often an action's positive consequences benefit only its author, since they are...

LAW: Long - term price stability is possible only when the money supply is based upon the gold {or silver} supply without government interference.

If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he does not play the stock market.

As Sharon Poczter, professor of economics at Cornell, explains, The antiquated rhetoric of 'having it all' disregards the basis of every economic relationship: the idea of trade-offs. All of us are...

this is to mistake the effect for the cause. In a free economy such ways of making money emerge by an invisible hand from choices made by all of us. It is the demand for cars, oil, cheap food and...