It’s all been said before

Some funny economics related quotes. My favorites:

  • “Stiglitz’s outlook is that markets are imperfect, but he is not. Where Marx offered dictatorship of the proletariat, Stiglitz would give us dictatorship of the Nobel Laureate. Between the two, we might be safer with Marx.” – Arnold Kling
  • “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 are two methods, or means, and only two, whereby man’s needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.” – Albert Jay Nock
  • “The best minds are not in government. If any were, business would steal them away.” – Ronald Reagan
  • “It’s a very sobering feeling to be up in space and realize that one’s safety factor was determined by the lowest bidder on a government contract.”- Alan Shepherd
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