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Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
- — Adam Smith
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 loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
- — Murray Rothbard
The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
- — Ludwig von Mises
Once the principle of government is admitted, any notion of restraining government power is illusory. Even if, as liberals have proposed, a government limited its activities to the protection of existing private property rights, the question of how much security to produce would arise. Motivated by self-interest and the disutility of labor, but with the power to tax, a government agent's answer will invariably be the same: To maximize expenditures and to minimize production. The more money one can spend and the less one must work, the better off one will be.
- — Hans-Hermann Hoppe
The power to tax is the power to destroy.
- — John Marshall
A pessimist asked God for relief.
"Ah, you wish me to restore your hope and cheerfulness," said God.
"No," replied the petitioner, "I wish you to create something that would justify them."
"The world is all created," said God, "but you have overlooked something—the mortality of the optimist."
- — Ambrose Bierce, in "The Devil’s Dictionary", 1911
Where the State begins, individual liberty ceases, and vice versa.
- — Mikhail Bakunin
My body is my own, at least I have always so regarded it. If I do harm [...] it is I who suffers, not the state.
- — Mark Twain
There is no truth sure enough to justify persecution.
- — John Milton
If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
- — Milton Friedman
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