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A higher standard of living also brings about a higher standard of culture and civilization. Economic Policy p. 89 Culture
A higher standard of living also brings about a higher standard of culture and civilization. Economic Policy p. 89 Prosperity
Again and again, the early historians of capitalism have — one can hardly use a milder word — falsified history. Economic Policy p. 7 History
All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled. Economic Policy p. 7 Capitalism
Big business depends entirely on the patronage of those who buy its products: the biggest enterprises loses its power and its influence when it loses its customers. Economic Policy p. 4 Big Business
But the certain fact about inflation is that, sooner or later, it must come to an end. It is a policy that cannot last. Economic Policy p. 63 Inflation
Capitalists have the tendency to move towards those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates. Economic Policy p. 89 Foreign Capital
Capitalists have the tendency to move towards those countries in which there is plenty of labor available and in which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates. Economic Policy p. 89 Development
Every country can experience the same miracle of economic recovery, although I must insist that economic recovery does not come from a miracle; it comes from the adoption of — and is the result of — sound economic policies. Economic Policy p. 15 Recovery
Freedom in society means that a man depends as much upon other people as other people depend on him. Economic Policy p. 19 Freedom
Freedom really means the freedom to make mistakes. Economic Policy p. 22 Freedom
Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. Economic Policy p. 37 Good Government
Great Britain was not brought to socialism by the Labour government which was established in 1945. Great Britain became socialist during the war, through the government of which Sir Winston Churchill was the prime minister. The Labour government simply retained the system of socialism which the government of Sir Winston Churchill had already introduced. And this in spite of great resistance by the people. Economic Policy p. 49 Churchill, Winston
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government. Economic Policy pp. 72-73 Deficits
If you have to convince a group of people who are not directly dependent on a solution of a problem, you will never succeed. Economic Policy pp. 30-31 Bureaucracy
If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit. Economic Policy p. 66 Money Supply
In old fashioned language, Keynes proposed cheating the workers. Economic Policy p. 70 Keynes, John Maynard
In the United States the competition to the railroads — in the form of busses, automobiles, trucks, and airplanes — has caused the railroads to suffer and to be almost completely defeated, as far as passenger transportation is concerned. Economic Policy p. 5 Railroads
In the United States, the two-party system of the old days is seemingly still preserved. But this is only a camouflage of the real situation. In fact, the political life of the United States . . . is determined by the struggle and aspirations of pressure groups. Economic Policy p. 96 Political Parties
It is not the Hollywood film corporation that pays the wages of a movie star; it is the people who pay admission to the movies. And it is not the entrepreneurs of a boxing match who pay the enormous demands of the prize fighters; it is the people who pay admission to the fight. Economic Policy pp. 910 Wage Rates
Money, like chocolate on a hot oven, was melting in the pockets of the people. Economic Policy p. 65 Inflation
Once you begin to admit that it is the duty of the government to control your consumption of alcohol, what can you reply to those who say the control of books and ideas is much more important? Economic Policy p. 22 Paternalism
The development of capitalism consists in everyone having the right to serve the consumer better and/or more cheaply. Economic Policy p. 5 Capitalism
The gold standard has one tremendous virtue: the quantity of the money supply, under the gold standard, is independent of the policies of governments and political parties. This is its advantage. It is a form of protection against spendthrift governments. Economic Policy p. 65 Gold Standard
The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society. Economic Policy p. 17 Freedom
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy. Economic Policy p. 72 Inflation
The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation. Economic Policy p. 86 Development
The United Nations is simply a meeting place for useless discussions. Economic Policy p. 85 United Nations
There are no laboratory experiments in human action. Economic Policy p. 35 Science
There are no longer real political parties in the old classical sense, but merely pressure groups. Economic Policy p. 96 Political Parties
There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way. Economic Policy p. 13 Capitalism
This is the difference between slavery and freedom. The slave must do what his superior orders him to do, but the free citizen — and this is what freedom means — is in a position to choose his own way of life. Economic Policy p. 23 Slavery
We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas. Economic Policy p. 105 Ideas
When people talk of a price level, they have in mind the image of a level of a liquid which goes up or down according to the increase or decrease in its quantity, but which, like a liquid in a tank, always rises evenly. But with prices, there is no such thing as a level. Prices do not change to the same extent at the same time. There are always prices that are changing more rapidly, rising or falling more rapidly than other prices. Economic Policy p. 59 Price
Whom should the government entrust with the task of deciding whether a newcomer is really a great painter or not? It would have to rely on the judgment of the critics, and the professors of the history of art who are always looking back into the past yet who very rarely have shown the talent to discovery new genius. Economic Policy p. 31 Arts