Economist Quotes

Tied up with his dismissal of natural law is Hayek's continuous, and all-pervasive, attack on reason. Reason is his bete noire, and time and time again, from numerous and even contradictory standpoints, he opposes it.
To deprecate human reason by saying that none of us is or can be omniscient is absurd, for it takes an impossible standard as the judge of a possible and real condition. All of our knowledge we get from the exercise of our reason; to say that no man can be God and know everything is to take an irrational standard of evaluation.
Ultimately, there is no entity called 'government'; there are only people forming themselves into groups called 'governments' and acting in a 'governmental' manner.
War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.
We have gotten to the point where everything the government does is counterproductive; the conclusion, of course, is that the government should do nothing at all, that is, should retire quickly from the monetary and economic scene and allow freedom and free markets to work.
What is so terrible about transaction costs? On what basis are they considered the ultimate evil, so that their minimization must override all other considerations of choice, freedom, and justice?
Where did Keynes stand on overt fascism? From the scattered information now available, it should come as no surprise that Keynes was an enthusiastic advocate of the 'enterprising spirit' of Sir Oswald Mosley, the founder and leader of British fascism, in calling for a comprehensive 'national economic plan' in late 1930.
While deficits are often inflationary and always pernicious, curing them by raising taxes is equivalent to curing an illness by shooting the patient.
While other individuals or institutions obtain their income by production of goods and services and by the peaceful and voluntary sale of these goods and services to others, the State obtains its revenue by the use of compulsion; that is, by the use and the threat of the jailhouse and the bayonet.
While the seeming independence of the federal judiciary has played a vital part in making its actions virtual Holy Writ for the bulk of the people, it is also and ever true that the judiciary is part and parcel of the government apparatus and appointed by the executive and legislative branches.
Educating our young girls is the foundation for Nigeria's growth and development.
From 1967 to '70, Nigeria fought a war - the Nigeria-Biafra war. And in the middle of that war, I was 14 years old. We spent much of our time with my mother cooking. For the army - my father joined the army as a brigadier - the Biafran army. We were on the Biafran side.
I believe that when you find problems, you should also find solutions.
I can take hardship. I can sleep on the cold floor anytime. I can also sleep on a feather bed.
I felt Nigeria didn't have to succumb to the image of being a corrupt country; we didn't have to let the economy stagnate.
I know what it means to go to the stream to fetch water... what it means when people are poor and don't have enough to eat. It's not enough to say you know about poverty. You have to live it.
I'm told I'm like my father, and he was the most wonderful man. But I think he was gentler than me.
I'm trying to tell you that there's a new wave on the continent. A new wave of openness and democratization in which, since 2000, more than two-thirds of African countries have had multi-party democratic elections. Not all of them have been perfect, or will be, but the trend is very clear.
If we save people from HIV/AIDS, if we save them from malaria, it means they can form the base of production for our economy.
My parents lost everything, all their savings, because we had to run from the Nigerian side to the Biafran side. We were Igbos.
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