Quotes on Economics
Free enterprise has done more to reduce poverty than all the government programs dreamed up by Democrats.
Ronald Wilson Reagan
Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith
Under capitalism, man exploits man. Under communism, it's just the opposite.
John Kenneth Galbraith
When the government goes into business it lays a tax on everybody else in that business, and uses the money that it collects from its competitors to establish a monopoly and drive them out of business.
Calvin Coolidge
The wise and correct course to follow in taxation and all other economic legislation is not to destroy those who have already secured success but to create conditions under which every one will have a better chance to be successful.
Calvin Coolidge
When government enters the field of business with its great resources, it has a tendency to extravagance and inefficiency, but, having the power to crush all competitors, likewise closes the door of opportunity and results in monopoly.
Calvin Coolidge
No matter how it is disguised, the moment the government engages in buying and selling, by that act it is fixing prices.
Calvin Coolidge
Most of economics can be summarized in four words: "People respond to incentives." The rest is commentary.
Steven Landsburg
Markets work best when government provides public goods. These are not, as the name wrongly suggests, anything purchased with public money. Instead, public goods have two salient characteristics: 1)They can be provided just as cheaply for thousands or even millions of people as they can for a single individual and 2)It's difficult or impossible to prevent people who haven't paid for such goods from enjoying their benefits.
Charles Wheelan
Minimum or maximum prices are one of the most effective ways to encourage people to indulge their preferences, be they racial or any other preference. In general, any kind of economic regulation that restricts peaceable, voluntary exchange has the capacity to lower the costs of preference indulgence. Decent people should be against such regulations.
Walter E. Williams
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