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What is put into the hands of B cannot be put into the hands of A.

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If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very clas...more

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To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like trying to adjust the piano to the stool rather than ...more

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When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private ...more

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Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great...more

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ECONOMICS IS HAUNTED by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great...more

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Everything we get, outside of the free gifts of nature, must in some way be paid for. The world is full of so- called economists who in turn are full ...more

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need is not demand. Effective economic demand requires not merely need but corresponding purchasing power.

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the larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax bur...more

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Nothing is easier to achieve than full employment, once it is divorced from the goal of full production and taken as an end in itself

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This is perhaps as good a place as any to point out that what distinguishes many reformers from those who cannot accept their proposals is not their g...more

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When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stan...more

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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 wil...more

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There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salvat...more

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Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. Bu...more