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I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes.
Author: Edward Gibbon
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Ask five economists and you'll get five different answers (six if one went to Harvard).
Author: Edgar R. Fiedler
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He who lives by the crystal ball soon learns to eat ground glass.
Author: Edgar R. Fiedler
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The herd instinct among forecasters makes sheep look like independent thinkers.
Author: Edgar R. Fiedler
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If you have to forecast, forecast often.
Author: Edgar R. Fiedler
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Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves.
Author: Herbert Hoover
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It's not your salary that makes you rich, it's your spending habits.
Author: Charles A. Jaffe
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Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk no matter what they do.
Author: Charles A. Jaffe
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The financial climate is the worst it's been in 25 years.
Author: Michael O'Donnell
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An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Author: Laurence J. Peter
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Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
Author: Will Rogers
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An economist's guess is liable to be as good as anybody else's.
Author: Will Rogers
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If all the economists were laid end to end, they'd never reach a conclusion.
Author: George Bernard Shaw
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To think that the new economy is over is like somebody in London in 1830 saying the entire industrial revolution is over because some textile manufacturers in Manchester went broke.
Author: Alvin Toffler
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Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.
Author: Ted Turner
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Today is a... digital incarnation of Oz - the Internet - we are a motley group of fools from lions to scarecrows, learning from each other, making and taking responsibility for our decisions, and having fun as we skip down the yellow brick road of investing together!
Author: Lydia Vorsteveld
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Money talks...but all mine ever says is good-bye.
Author: Anonymous
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The real measure of your wealth is how much you'd be worth if you lost all your money.
Author: Anonymous
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Bulls make money. Bears make money. Pigs get slaughtered.
Author: Anonymous
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...the only means to well-being is to increase the quantity of products. This is what business aims at.
Author: Ludwig Von Mises
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...it is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.
Author: Ludwig Von Mises
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Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
Author: Ludwig Von Mises
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The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.
Author: Ludwig Von Mises
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Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow...
Author: Ludwig Von Mises
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Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.
Author: Ludwig Von Mises
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The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
Author: Ludwig Von Mises
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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out.
Author: Ludwig Von Mises
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What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
Author: Ludwig Von Mises
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The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
Author: George Reisman
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Our whole evolution up to this point shows that human groups spontaneously evolve patterns of behavior, as well as patterns of training people for that behavior, which tend on balance to lead people to create rather than destroy. Humans are, on net balance, builders rather than destroyers.
Author: Julian Simon
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What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.
Author: Ludwig Von Mises
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Economics is not about things and tangible material objects; it is about men, their meanings and actions.
Author: Ludwig Von Mises
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It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
Author: Ludwig Von Mises
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Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.
Author: Ludwig Von Mises
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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
Author: Ludwig Von Mises
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It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.
Author: Julian Simon
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He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.
Author: Ludwig Von Mises
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Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
Author: Julian Simon
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Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years.
Author: Julian Simon
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The increase in the world's population represents our victory against death...
Author: Julian Simon
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The standard of living has risen along with the size of the world's population since the beginning of recorded time. There is no convincing economic reason why these trends toward a better life should not continue indefinitely.
Author: Julian Simon
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Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.
Author: Julian Simon
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The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.
Author: Julian Simon
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The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
Author: Ludwig Von Mises
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Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays as compared with the past; the material goods that we now possess; the speed at which information, entertainment, and we ourselves move freely throughout the world - it seems to me that a person must be literally deaf and blind not to perceive that humanity is in a much better state than ever before.
Author: Julian Simon
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Taxation WITH representation ain't so hot either.
Author: Gerald Barzan
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We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.
Author: Jimmy Carter
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Most bosses know instinctively that their power depends more on employee's compliance than on threats or sanctions.
Author: Fernanda Bartolme
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I don't want to do business with those who don't make a profit, because they can't give the best service.
Author: Lee Bristol
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The very best financial presentation is one that's well thought out and anticipates any questions... answering them in advance.
Author: Nathan Collins
Source: None
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