Monday, January 24, 2005

Great thoughts from Master Minds

"Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things." - Adam Smith

"State interference in economic life, which calls itself 'economic policy' has done nothing but destroy economic life." - Ludwig von Mises

"Everything that is really great and inspiring is created by the individual who can labour in freedom." - Albert Einstein

“There is an invisible hand in politics that operates in the opposite direction to the invisible hand in markets. In politics, individuals who seek to promote only the public good are led by an invisible hand to promote special interests it was no part of their intention to promote.’ - Milton Friedman

"[The man of system] seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board; he does not consider that the pieces upon the chess-board have no other principle of motion besides that which the hand impresses upon them; but that, in the great chess-board of human society, every single pieces has a principle of motion of its own, altogether different from that which the legislator might choose to impress upon it." - Adam Smith

"The three stages of government: If it works, tax it. If it still works, regulate it. If it stops working, subsidize it." - Ronald Reagan

"See, when the government spends money, it creates jobs; whereas when the money is left in the hands of taxpayers, God only knows what they do with it. Bake it into pies, probably. Anything to avoid creating jobs." - Dave Barry

"There is no such thing as a good tax." - Winston Churchill

"The hardest thing in the world to understand is income tax." - Albert Einstein

"The usual socialist disease: they have run out of other people's money." - Margaret Thatcher

"To be controlled in our economic pursuits means to be... controlled in everything." - Fredrich Hayek

"A society that puts equality ahead of freedom... will end up with neither." - Milton Friedman

"Giving money and power to government is like giving whisky and car keys to teenage boys." - P. J. O'Rourke

"Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton

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