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  Quotations - General  
[Quote No.45716] Need Area: Money > General
"There is nothing as dangerous as an economist who only knows economics except the moral [and political] philosopher who knows no economics." - Peter Boettke
Economics Professor at George Mason University
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[Quote No.45974] Need Area: Money > General
"You must first ask 'What is the purpose of my life?' before asking 'What is the purpose of my money?' Once the first question is answered, you have thus answered the second. Making your money a tool for life, and not making your life a tool for money, is a choice." - Kent Thune

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[Quote No.45996] Need Area: Money > General
"The [capitalist system, which is based on a free market] price system has two outstanding features. First, it is by all odds the most efficient system of social organization ever conceived. It makes it possible for huge multitudes to cooperate effectively, multitudes who may hardly know each other's existence, or whose personal attitudes toward one another may be indifference or hostility. Second, it affords a maximum of individual freedom and a minimum of coercion. And since people can cooperate effectively in production even when their attitudes on other issues are hostile, there is no need for unity and conformity in religion, politics, recreation, and language - or even in patriotism and good will except in the very broadest sense." - W. Allen Wallis
Quote from the magazine, 'The Freeman', July 1957.
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[Quote No.46049] Need Area: Money > General
"Here is what happened to the Roman Empire as a result of debasing the Roman currency in a more ancient method then the US government [is doing currently in 2013]. In 200 AD new Roman Emperor Caracalla levied all kinds of new taxes so he could increase spending on the Roman military and government. For example, Caracalla raised the pay of soldiers by 50%, which he funded doubling the inheritance tax. Surprise, high taxes did not generate enough new revenue to pay the governments bills, and Emperor Caracalla apparently realized that if he raised taxes any more he risked rebellion. Thus, he resorted to the traditional method of governments who need more revenue to pay bills Ė he debased the currency. The silver denarius introduced by the first Roman Emperor Augustus started out at 95 percent silver. By the time Caracalla got through the denarius was only 50 percent silver. However... things got worse, much worse. By 268 AD the denarius had less than 1% silver. The result, in hind sight, was quite predictable. Inflation! Prices rose by a 1,000%. The 'barbarians' hired as mercenaries stopped accepting Roman coins, and insisted on being paid in gold. Such manipulations of Roman currency directly contributed to the decline and fall of the Roman Empire." - Charles Biderman
Chief Executive Officer of TrimTabs Investment Research and Portfolio Manager of the TrimTabs Float Shrink ETF (TTFS). [http://trimtabs.com/blog/2013/02/26/our-governments-path-to-demise-similar-to-roman-empires/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TrimtabsMoneyBlog+%28TrimTabs+Money+Blog%29 ]
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[Quote No.46067] Need Area: Money > General
"Paper money [fiat currency] has had the effect in your State that it ever will have, to ruin commerce, oppress the honest, and open a door to every species of fraud and injustice." - George Washington

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[Quote No.46266] Need Area: Money > General
"The creation of wealth is certainly not to be despised, but in the long run the only human activities really worthwhile are the search for knowledge, and the creation of beauty." - Arthur C. Clarke

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[Quote No.46422] Need Area: Money > General
"Poor and content is rich, and rich enough..." - William Shakespeare
Famous English playwright. Spoken by the Iago character in Act 3, Scene 3 of his play 'Othello'.
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[Quote No.46742] Need Area: Money > General
"Money is like gasoline during a road trip. You don't want to run out of gas on your trip, but you're not doing a tour of gas stations. You have to pay attention to money, but it shouldn't be about the money." - Tim O'Reilly

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[Quote No.46995] Need Area: Money > General
"Being rich is having money; being wealthy is having time." - Margaret Bonanno
American writer
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[Quote No.47053] Need Area: Money > General
"[To most people] Wealth is like sea-water; the more we drink, the thirstier we become; and the same is true of fame." - Arthur Schopenhauer

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[Quote No.47129] Need Area: Money > General
"It is equally wrong for a wealthy person to feel superior and speak condescendingly to others because of his wealth, as it is wrong for a poor person to feel inferior and speak submissively because of a lack of money. Both wealth and poverty are circumstances that provide tests, and are not reflections of a person's value." - Rabbi Simcha Zissel of Kelm

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[Quote No.47134] Need Area: Money > General
"I think Iím greedy, but Iím not greedy for money - I think that can be a burden - Iím greedy for an exciting life." - David Hockney
Celebrated British artist, who lived most of his life in California.
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[Quote No.47163] Need Area: Money > General
"Nature didn't tell me 'Don't be poor'; and certainly didn't say: 'Get rich'; but she did shout: 'Always be independent!' " - Nicolas Chamfort
(1741 - 1794)
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[Quote No.47208] Need Area: Money > General
"Itís not greed that drives the world, but envy!" - Warren Buffett
One of the richest men in the world.
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[Quote No.47214] Need Area: Money > General
"The creditor hath a better memory than the debtor." - James Howell

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[Quote No.47266] Need Area: Money > General
"Better to get wisdom than gold!" - Bible

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[Quote No.47269] Need Area: Money > General
"[Charity:] Let your heart feel for the afflictions and distress of everyone, and let your hand give in proportion to your purse." - George Washington

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[Quote No.47277] Need Area: Money > General
"The surest way to ruin a man who doesn't know how to handle money is to give him some." - George Bernard Shaw
(1856 - 1950)
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[Quote No.47413] Need Area: Money > General
"Poverty is a way of living and thinking, and not just a lack of money or things." - Eric Butterworth

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[Quote No.47426] Need Area: Money > General
"Under a fiat money standard, governments (or their central banks) may obligate themselves to bail out, with increased issues of standard money, any bank or any major bank in distress. In the late nineteenth century, the principle became accepted that the central bank must act as the 'lender of last resort,' which will lend money freely to banks threatened with failure. Another recent American device to abolish the confidence limitation on bank credit is 'deposit insurance,' whereby the government guarantees to furnish paper money to redeem the banks' demand liabilities. These and similar devices remove the market brakes on rampant credit expansion." - Murray Rothbard
'Man, Economy, and State', 1962.
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[Quote No.47444] Need Area: Money > General
"It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George H. Lorimer
(1868-1937), editor
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[Quote No.47549] Need Area: Money > General
"Economics Is Mostly A Policy [Political] Debate Masquerading As A Scientific Debate: ...Most of economics involves conforming a political bias with a world view [which is why up until quite recently it was always called 'political economy']. For instance, most Keynesians start with government spending and taxing, how those government policies can influence the economy and then interpret a 'model' in such a way that confirms their political bias. Monetarists start with the central bank and interpret a more laissez-faire view of a 'model' to interpret how policy can impact the economy. Austrians start with the private sector and build a 'model' that seeks to eliminate government. So on and so forth. Every 'school' of economics has a very specific ideology and the political lines are very clearly drawn." - Cullen Roche
[http://seekingalpha.com/article/1663972-economics-is-mostly-a-policy-debate-masquerading-as-a-scientific-debate?source=email_macro_view&ifp=0 ]
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[Quote No.47617] Need Area: Money > General
"Inflation is taxation without legislation." - Milton Friedman
Famous economist
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[Quote No.47650] Need Area: Money > General
"Give Up Demands For Status: Honor-seeking often motivates people more than any other desire in the world. If a person would give up his demands for status, he would be content as long as his minimum needs for food, clothing, and shelter were met. A great part of a person's need for money comes from his demand for status. Because he wants the admiration of others, he feels a need for expensive clothing and a fancy home. A person who gives up his demand for approval will be able to clarify for what his actual needs are, and save himself from needless toil and suffering." - Rabbi Zelig Pliskin
Quote from his book, 'Gateway to Happiness', p.278.
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[Quote No.47876] Need Area: Money > General
"Wealth is not in making money, but in making the man while he is making money." - John Wicker

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[Quote No.47896] Need Area: Money > General
"After a certain point, money is meaningless. It ceases to be the goal. The game is what counts!" - Aristotle Onassis

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[Quote No.47954] Need Area: Money > General
"Radix malorum est cupiditas. [Latin for 'The love of money is the root of evil.']" - Maxim

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[Quote No.48004] Need Area: Money > General
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at the confidence in the equity of the existing distribution of wealth." - John Maynard Keynes

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[Quote No.48052] Need Area: Money > General
"Prior to capitalism, the way people amassed great wealth was by looting, plundering and enslaving their fellow man. Capitalism made it possible to become wealthy by serving your fellow man." - Walter Williams
He is a professor of economics at George Mason University, a syndicated columnist, a fill-in host for Rush Limbaugh and an author of eight books.
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[Quote No.48363] Need Area: Money > General
"Wherever good fortune enters, envy lays siege to the place and attacks it; and when it departs, sorrow and repentance remain behind." - Leonardo da Vinci
(1452 - 1519)
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[Quote No.48427] Need Area: Money > General
"Schopenhauer may have been right that the desire for money is widespread, but he was wrong on the issue of equating money with happiness. Overwhelming evidence has emerged in the last two decades that the pursuit of wealth is an unlikely path to achieving personal wellbeing ó the ancient Greek ideal of eudaimonia or Ďthe good life.í The lack of any clear positive relationship between rising income and rising happiness has become one of the most powerful findings in the modern social sciences. Once our income reaches an amount that covers our basic needs, further increases add little, if anything, to our levels of life satisfaction. " - Roman Krznaric
Philosopher. Quote from his book, 'How to Find Fulfilling Work'.
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[Quote No.48472] Need Area: Money > General
"Wealth is not his who has it, but his who enjoys it." - Benjamin Franklin

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[Quote No.48549] Need Area: Money > General
"The mould of a man's fortune is in his own hands." - Francis Bacon

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[Quote No.48604] Need Area: Money > General
"If you worship money and things ... then you will never have enough. Never feel you have enough. Itís the truth." - David Foster Wallace

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[Quote No.48606] Need Area: Money > General
"True story, Word of Honor: Joseph Heller, an important and funny writer now dead, and I were at a party given by a billionaire on Shelter Island. I said, 'Joe, how does it make you feel to know that our host only yesterday may have made more money than your novel 'Catch-22' has earned in its entire history?' And Joe said, 'I've got something he can never have.' And I said, 'What on earth could that be, Joe?' And Joe said, 'The knowledge that I've got enough.' Not bad! Rest in peace!' " - Kurt Vonnegut

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[Quote No.48679] Need Area: Money > General
"Riches are not an end of life, but an instrument of life. " - Henry Ward Beecher

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[Quote No.48681] Need Area: Money > General
"No one that encounters prosperity does not also encounter danger." - Heraclitus

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[Quote No.48770] Need Area: Money > General
"[Philanthropy:] Givers have to set limits because takers rarely do." - Irma Kurtz

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[Quote No.48859] Need Area: Money > General
"[The unrealistic dream of unrestrained wealth-riches that often leads to avarice and greed, selfishness and folly:] A frenzy seized my soul. Piles of gold rose up before me at every step; castles of marble, dazzling the eye with their rich appliances; thousands of slaves, bowing to my beck and call; myriads of fair virgins contending with each other for my love, were among the fancies of my fevered imagination. The Rothschilds, Girards, and Astors appeared to me but poor people. In short, I had a very violent attack of 'Gold Fever'." - Individual after hearing of a discovery of gold
Quote from 'The American West: A New Interpretive History' (The Lamar Series in Western History), Author: Robert V. Hine. [http://www.delanceyplace.com/view_archives.php?2456#.UwhwWv1WFaQ ]
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[Quote No.48970] Need Area: Money > General
"Who is rich? One who is satisfied with his lot..." - Ben Zoma
'Ethics of the Fathers', 4:1
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[Quote No.49004] Need Area: Money > General
"A person who has great wealth will still be unhappy if he hasn't also mastered gratitude. " - Rabbi Zelig Pliskin
From his book, 'Thank You! Gratitude: Formulas, Stories, and Insights'.
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[Quote No.49127] Need Area: Money > General
"Poverty was the greatest motivating factor in my life." - Jimmy Dean

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[Quote No.49166] Need Area: Money > General
"...count our wealth in joy rather than [money or] possessions..." - David Gaines
(1947-1988) Mono Lake Activist
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[Quote No.49170] Need Area: Money > General
"...oh how I laugh when I think of my vague indefinite riches. No run on my bank can drain it - for my wealth is not in [money or] possessions but enjoyment." - Henry David Thoreau
(1817-1862) American writer and naturalist
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[Quote No.49180] Need Area: Money > General
"When a government [or business] is dependent upon bankers for money, they and not the leaders of the government [or business] control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism... their sole object is gain [to satisfy the stakeholder-depositors they had to aggregate the money from in order to lend it, often including those from other countries]." - Napoleon Bonaparte

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[Quote No.49237] Need Area: Money > General
"Money represents your energy and your time: the days, the weeks, the months, the years it takes you to earn it, and all the things you hope to do with it. In short, money is like stored life. " - Nick Giambruno
March 19, 2014 [http://www.internationalman.com/articles/the-old-rules-of-the-game-no-longer-apply#.UzQCEXmKCfA ]
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[Quote No.49632] Need Area: Money > General
"The nature of rain is the same, but it makes thorns grow in the marshes and flowers in the gardens. [In this way rain is like money and power - which can be used for good or bad.]" - Arab Proverb

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[Quote No.49769] Need Area: Money > General
"Poor people have a big TV....Rich people have a big library." - Jim Rohn

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[Quote No.50581] Need Area: Money > General
"The love of money is not the root of all evil. The lack of money is the root of all evil." - Robert Kiyosaki

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[Quote No.50639] Need Area: Money > General
"...without big banks, socialism would be impossible [because government would not be able to borrow from the citizens of the future to bribe and placate today's citizens]." - Vladimir Lenin
[refer http://www.zerohedge.com/news/2014-06-10/15-quotes-founding-fathers-about-economics-capitalism-and-banking ]
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