Economic Theory Quotes

"The best way to destroy the capitalist system is to debauch the currency" "The theory of Communism may be summed up in one sentence: Abolish all private property" "Capital is dead labor which vampire-like lives only by sucking living labor and lives the more the more labor it sucks" "The goal of socialism is communism." "Medicine is the keystone of the arch of socialism." "Capitalism has not been a single coherent economic theory. It is instead a loose collection of doctrines and courses of action." "Competitive markets destroy profits" "The first lesson of economics is scarcity: There is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics" "The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom." "Communism doesn't work because people like to own stuff" "The Wealth of Nations is the Bible of capitalism" "If people don't like Marxism, they should blame the British Museum" "The problem is not that people are taxed too little, the problem is that government spends too much." "Monopoly is the condition of every successful business." "The real minimum wage is zero" "Consumption is the sole end and purpose of all production" "The more value you provide, the more money you make"