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Feb 17​   .    3 min read

A few of Our Favourite Quotes 

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”

Alexander Fraser Tytler. Alexander Tytler was a Scottish judge and historian, born in 1747, died in 1813.

 

"The first lesson in economics is scarcity there isn’t enough of anything to satisfy everyone who wants it. The first lesson of politics is to disregard the first lesson of economics."

Thomas Sowell.

 

 

Every man has a property in his own person. This nobody has a right to but himself.”

John Locke, philosopher.

 

 

“We are, and of right ought to be, free. We are the possessors of our own life and it is this ownership of our being which gives us a right to be free- free to pursue our own ends for our own sake, and free to keep the fruits of our labor, whatever they may be".

LAR

 

 

Rights, are the property of individuals: hence the often misleading term “individual rights. “These can be best summarized as the right to “life, liberty and the pursuit of happiness.” If rights are to exist, they must be protected. Government’s primary purpose is to protect our “inalienable rights.”

 

 

The notion of equality is one of equal rights under the law, not one of egalitarianism. We are not “entitled,” we must earn.

 

 

It is on the sometimes-well-intentioned actions of the altruists and the egalitarians that the intended beneficiary’s body rests: a society in decline. In decline because it ignores the psychology of human nature and the political/ philosophical environment which captures it in a positive way.

 

 

“It is not from the benevolence of the butcher, the brewer or the baker that we expect our dinner, but from their regard to their self-interest.” ”

Adam Smith, economist (The Invisible Hand).

 

“The inherent vice of Capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery.”

Winston Churchill, politician.

 

 

“The problem with Socialism is that you eventually run out of other peoples’ money.”

Margaret Thatcher, former Prime Minister of the UK.

 

 

“ Much of the history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.”

Thomas Sowell, economist

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Main Street Economics is a non-profit organization and was formed to provide Economic Education for the American public. We focus on explaining the different types of systems in easy to understand language by laymen for laymen without formal education in economics.

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