This week I scoured the few books on economics I have as well as the internet to bring you a glimpse of what our economy was designed to look like and what it ought to look like as well as how we should craft our economic policies. I strongly suggest you look into the writings of these men especially if you are trying to gain a better understanding of economics and how a free market should work. These few quotes I feel are a great foundation to start your economic education.
“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”- Henry Hazlitt
“Even the striving for equality by means of a directed economy can result only in an officially enforced inequality – an authoritarian determination of the status of each individual in the new hierarchical order.”- F.A. Hayek
“Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.”- Ludwig Von Mises
“The ‘private sector’ of the economy is, in fact, the voluntary sector; and the ‘public sector’ is, in fact, the coercive sector”- Henry Hazlitt
“The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.”- Henry Hazlitt
“Indeed, a major source of objection to a free economy is precisely that it… gives people what they want instead of what a particular group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.”- Milton Friedman
“The most important single central fact about a free market is that no exchange takes place unless both parties benefit.”- Milton Friedman