#economic

Broke is a relative term, like sister, cousin, or Uncle Sam.
 ↗

— Jarod Kintz

#america #broke #broken #cousin #debt

And one day we must ask the question, "Why are there forty million poor people in America?" And when you begin to ask that question, you are raising questions about the economic system, about a broader distribution of wealth. When you ask that question, you begin to question the capitalistic economy. ↗

— Martin Luther King Jr.

#economics #justice #economy

It is true that the virtues which are less esteemed and practiced now--independence, self-reliance, and the willingness to bear risks, the readiness to back one's own conviction against a majority, and the willingness to voluntary cooperation with one's neighbors--are essentially those on which the of an individualist society rests. Collectivism has nothing to put in their place, and in so far as it already has destroyed then it has left a void filled by nothing but the demand for obedience and the compulsion of the individual to what is collectively decided to be good. ↗

— Friedrich A. von Hayek

#obedience

What should have died along with communism is the belief that modern societies can be run on a single principle, whether that of planning under the general will or that of free-market allocations. ↗

— Charles Taylor

#politics #principles #society #communism

...there were certain chapters when I stopped writing, saw the domestic situation I was in and thought, "I don't want to face this world, let's get back to the hellish one I'm imagining. ↗

— Alasdair Gray

#writing #imagination

The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom. ↗

— Ludwig von Mises

#liberalism #marxism #society #freedom

Freedom to order our own conduct in the sphere where material circumstances force a choice upon us, and responsibility for the arrangement of our own life according to our own conscience, is the air in which alone moral sense grows and in which moral values are daily recreated in the free decision of the individual. Responsibility, not to a superior, but to one's own conscience, the awareness of a duty not exacted by compulsion, the necessity to decide which of the things one values are to be sacrificed to others, and to bear the consequences of one's own decision, are the very essence of any morals which deserve the name. ↗

— Friedrich A. von Hayek

#freedom

Why should we, however, in economics, have to plead ignorance of the sort of facts on which, in the case of a physical theory, a scientist would certainly be expected to give precise information? ↗

— Friedrich August von Hayek

#certainly #economics #expected #facts #give

It seems to me that socialists today can preserve their position in academic economics merely by the pretense that the differences are entirely moral questions about which science cannot decide. ↗

— Friedrich August von Hayek

#academic #cannot #decide #differences #economics

While the wider global environment is worrying, we are seeing some positive results in our economic affairs. ↗

— Michael D. Higgins

#economic #environment #global #global environment #our