Money creation | Quotes about the magic of money

"Machines are designed not to be random. When you call up a word processing program on your computer, you don't want it to be different every time you call it up. You want it to stay the same." Rupert Sheldrake

"The fact that you can forge a twenty dollar bill doesn't prove that all twenty dollar bills are forgeries." Rupert Sheldrake

"We try to prevent the creation of artificial rents. Rather than setting up quotas to stop imports we levy a tariff, that would be better. Or we pay wages in the public sector which are roughly equivalent to the productivity in the private sector and we don't therefore make it a special benefit to get a bureaucratic position." James M. Buchanan

"State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness." Ludwig von Mises

"It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power." Ludwig von Mises

"Austerity must go from the top down" Heinrich Böll

"Anybody who knows the public school teacher world knows there's not a lot of money in teaching. You do it because you love what you do." Kevin Sorbo

"It is easier to seize wealth than to produce it, and as long as the State makes the seizure of wealth a matter of legalized privilege, so long will the squabble for that privilege go on." Albert Jay Nock

"Contrary to any claim of a systematically “neutral” effect of taxation on production, the consequence of any such shortening of roundabout methods of production is a lower output produced. The price that invariably must be paid for taxation, and for every increase in taxation, is a coercively lowered productivity that in turn reduces the standard of living in terms of valuable assets provided for future consumption. Every act of taxation necessarily exerts a push away from more highly capitalized, more productive production processes in the direction of a hand-to-mouth-existence." Hans-Hermann Hoppe

"Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods." Ludwig von Mises

"Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses." Ludwig von Mises

"Money is like an arm or leg - use it or lose it." Henry Ford

"Language always proves to be economical; it employs the smallest, most inconspicuous means, yet with them it reaches toward great things." Jacob Grimm

"Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition." Milton Friedman