No credit–no debt. Credit leads a man into temptation. Cash down is the only thing that will deliver him from evil.

At a conservative estimate, there are probably a million men and women in their twenties and thirties who would happily work long hours doing what most needs to be done, if they were paid something...

This paper was one of my digressions into abstract economics.

… a intervenção é um fenómeno historicamente permanente; sempre existiram formas de intervenção na economia por parte do Estado. O que tem variado é a intensidade e as modalidades dessa intervenção.

They ask – “How much money is too much money?”The answer always is – “A little more!

Americans were happy to celebrate their super-rich and, at least sometimes, worry about their poor. But putting those two conversations together and talking about economic inequality was pretty much taboo.

Have you ever witnessed the anger of the good shopkeeper, James Goodfellow, when his careless son has happened to break a pane of glass? If you have been present at such a scene, you will...

It is one of the saddest spectacles of our time to see a great democratic movement support a policy which must lead to the destruction of democracy and which meanwhile can benefit only a minority...

For every dollar that is spent on the (boondoggle) bridge a dollar will be taken away from taxpayers. If the bridge costs $1,000,000 the taxpayers will lose $1,000, 000. They will have that much taken...

Be they pharaohs or freeholders, barons or farmers, landowners have been the most capable, most intrepid, and most assertive members of civilized society.

Veblen called it the price-system. Mills called it the Power Elite. It’s probably no more than ninety-nine people who don’t know what they are doing. They’re involved in high finance. Fascinating form of gambling.

But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.

do something.” The high-minded reformers experience a glow of triumph and turn their attention to new causes. The interested parties go to work to make sure that the power is used for their benefit. They...

It is true that some secluded intellectuals in their esoteric circles talk differently. They proclaim the priority of what they call eternal absolute values and feign in their declamations—not in their personal conduct—a disdain of...

In the long run we are all dead.

The world’s most primitive people have few possessions, but they are not poor. Poverty is not a certain small amount of goods, nor is it just a relation between means and ends; above all it...

It takes a pillage.

Sooner or later the Internet will become profitable. It’s an old story played before by canals, railroads and automobiles.

An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to mathematics departments. Any mathematical training in economics, if it occurs at all, should come after students have at the...

There is nothing as dangerous as an economist who only knows economics except the moral philosopher who knows no economics.

Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. and Russia are practically the same. There’s only a difference of degree. We both have the same...

…there were certain chapters when I stopped writing, saw the domestic situation I was in and thought, “I don’t want to face this world, let’s get back to the hellish one I’m imagining.

Apart from the economic value, money does have high moral value.

When we must pay the true price for the depletion of nature’s gifts, materials will become more precious to us, and economic logic will reinforce, and not contradict, our heart’s desire to treat the world...

Knowledge is the best economy we can have.

IMF is really designed to protect creditors not debtors.

The problem with gross domestic product is the gross bit. There are no deductions involved: all economic activity is accounted as if it were of positive value. Social harm is added to, not subtracted from,...

Jacksonville has a rich history, full of poverty, plight, and poor economic decisions. If you follow the phrase “Follow the money” literally, you’d have left town decades ago.

The great weakness of the West is that it has nothing with which to inspire loyalty except wealth. But what is wealth? Another washing machine, a bigger car, a nicer house to live in? Not...

Let us remember that the automatic machine is the precise economic equivalent of slave labor. Any labor which competes with slave labor must accept the economic consequences of slave labor.

That economics has a considerable conceptual apparatus with an appropriate terminology can not be a serious ground for complaint. Economic phenomena, ideas, instruments of analysis exist. They require names. Education in economics is, in considerable...

Growing economies are built by billions of actors behaving according to their own interests, coordinated through institutions that no one in particular created.Realizing this requires humility, a trait that is in short supply among would-be...

There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with...

Das Spiel ist der Inbegriff demokratischer Lebensart. Es ist die letzt uns verbliebene Seinsform. Der Spieltrieb ersetzt die Religiosität, beherrscht die Börse, die Politik, die Gerichtssäle, die Pressewelt, und er ist es, der uns seit...

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

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What, then, should you do? With an excellent hand, you should bet: You lose nothing if your opponent folds, while giving yourself a good chance of winning a big pot if he calls. But with...

The 9/11 Commission warned that Al Qaeda “could… scheme to wield weapons of unprecedented destructive power in the largest cities of the United States.” Future attacks could impose enormous costs on the entire economy. Having...

The working class had imposed upon them a sterile and authoritarian educational system which mirrored the ethos of the corporate workplace.

To attempt to increase the wealth of any country, either by introducing or by detaining in it an unnecessary quantity of gold and silver, is as absurd as it would be to attempt to increase...

If there are still honest-smart men and women within those old and noble traditions, they should think carefully, observe and diagnose the illness. They should face the contradiction. Discuss the conflation. And then do as...

The life of man is so short that ordinary people simply cannot afford to be born

The main cause of the ineffectiveness of British propaganda is that those directing it seem to have lost their own belief in the peculiar values of English civilization or to be completely ignorant of the...

Modern prophets say that our economics have failed us. No! It is not our economics which have failed; it is man who has failed-man who has forgotten God. Hence no manner of economic or political...

After the collapse of socialism, capitalism remained without a rival. This unusual situation unleashed its greedy and – above all – its suicidal power. The belief is now that everything – and everyone – is...

For guns and ammunition,” says I.

In my considered opinion, salary is payment for goods delivered and it must conform to the law of supply and demand. If, therefore, the fixed salary is a violation of this law – as, for...

What I did not know yet about hunger, but would find out over the next twenty-one years, was that brilliant theorists of economics do not find it worthwhile to spend time discussing issues of poverty...

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a...

ideological superstructure” of capitalism is a literature of decay and degradation, the burlesque show and the art of striptease, the Hollywood pictures and the detective stories.