A Quote by Friedrich August von Hayek
I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
Quote Topics
Quote Author
Related Quotes
By far the most numerous and most flagrant violations of personal liberty and individual rights are performed by governments... The major crimes throughout history, the ones executed on the largest scale, have been committed not by individuals or bands of individuals but by governments, as a deliberate policy of those governments-that is, by the official representatives of governments, acting in their official capacity.
What experience and history teach is this - that nations and governments have never learned anything from history, or acted on any lessons they might have drawn from it. Variant: What experience and history teach is this - that people and governments never have learned anything from history, or acted on principles deduced from it.
Throughout history governments have been chronically short of revenue. The reason should be clear: unlike you and me, governments do not produce useful goods and services that they can sell on the market; governments, rather than producing and selling services, live parasitically off the market and off society.
In all history there is no war which was not hatched by the governments, the governments alone, independent of the interests of the people, to whom war is always pernicious even when successful.
I don't hold America responsible for the largely oppressive governments in the 22 Arab countries. There are repressive Arab governments that are our allies and there are those that are our nominal enemies. It doesn't make a whole lot of difference to what extent we're involved in propping up those governments.
I think a repressive regime always fears people who are awakened - particularly ordinary people. If they are awakened, I think governments all over the world feel uncomfortable about that; they want to be in control. They want to be the ones telling people: "This is what we have done in history" but when people begin to say, "No this is what we have done in history" it's a different thing.
The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.
Governments should encourage and facilitate the teaching of history, but one does not want them to be able to dictate, for political or partisan reasons, what kind of history and interpretations are on offer to children.
Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history.
Military and absolutist regimes are undoubtedly well fitted to get the jump on an unsuspecting or unprepared enemy; but the history of modern warfare proves that they cannot win over representative governments in the long run, provided that people behind those governments have the heart to sustain initial punishment, and both the will and the resources to fight back.
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people's savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
You can't go by what the governments say or do. It's not the governments. It's on the street where there's more hatred of Americans in Britain than in France.
I'm tempted to say that Conservative governments are normally elected to clear up the mess left by Labour governments.
The governments of the present day have to deal not merely with other governments, with emperors, kings and ministers, but also with the secret societies which have everywhere their unscrupulous agents, and can at the last moment upset all the governments' plans.
There's a lot of thought that bitcoin will be a huge threat to existing tax systems or existing ways governments have of controlling currency flows across their border. I personally think governments will do what governments have always done: they will adapt.
Who can dispute that the governments of the United States constitute the most voracious tax system in the history of mankind? In the year 2000, those governments succeeded in laying hands on more than $3 trillion - almost $11,000 each for the 275 million men, women, and children resident in the country. No other nation-state rakes in an amount even close to the U.S. total.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Craig Roberts Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist