Economists are pessimists: they've predicted 8 of the last 3 depressions

Economists are pessimists: they've predicted 8 of the last 3 depressions

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If read more

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you read more

Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.

True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are read more

True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. read more

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

The economy depends about as much on economists as the weather does on weather forecasters.

The economy depends about as much on economists as the weather does on weather forecasters.

Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems read more

Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else.