A Quote by Walter E. Williams
The public good is promoted best by people pursuing their own private interests. This bothers some people because they're more concerned with motives than with results.
Related Quotes
Having a credible existence in the private sector frees people to be able to be better public servants. You're less concerned with... toeing the party line and more concerned with doing what is right.
For some reason, voters can be brainwashed, and they vote sometimes against their own best interests, let alone voting against the interests of people who need them, like people who are disenfranchised and people who are poor and so forth.
Since there is no such entity as 'the public,' since the public is merely a number of individuals, the idea that 'the public interest' supersedes private interests and rights can have but one meaning: that the interests and rights of some individuals take precedence over the interests and rights of others.
No manager in the world gets good results all the time and you know there's people always ready to have a snipe. In fact I'm my own biggest critic, I really am. Because my own standards are so high, I criticise myself behind the scenes more than perhaps I should, according to people who know me well.
The notion that the UN is some sort of dispassionate body that, “does right” and just pursues everybody’s best interests is a fantasy. Each individual nation will be pursuing their best interests. That’s the normal behavior of nation-states. It shouldn’t surprise us, but neither should we go to them for permission to do what’s in our national interests.
At equal returns, public investments are generally superior to private investments not only because they are more liquid but also because amidst distress, public markets are more likely than private ones to offer attractive opportunities to average down.
By pursuing his own interest (the individual) frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.
America's abundance was not created by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes.
This policy of supplying by opposite and rival interests, the defect of better motives, might be traced through the whole system of human affairs, both private and public.
The majority of men cannot be made disinterested for life by exhortation, by religious services, by any expenditure of subsidized works, or even by grave and manifest public need. They can be made permanently unselfish only by being helped to become disinterested in their individual purposes. In the complete democracy a man must in some way be made to serve the nation in the very act of contributing to his own individual fulfillment. Not until his personal action is dictated by disinterested motives can there be any such harmony between private and public interests.
My pursuit was more in the music thing, so I never went out pursuing movies. It was more just pursuing my singing career because people came to me for singing more than they did for doing movies.
America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance- and thus the whole country was moving forward and profiting, not suffering, every step of the way.
In the end, it is because the media are driven by the power and wealth of private individuals that they turn private lives into public spectacles. If every private life is now potentially public property, it is because private property has undermined public responsibility.
Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.
Public virtue cannot exist in a nation without private, and public virtue is the only foundation of republics. There must be a positive passion for the public good, the public interest, honour, power and glory, established in the minds of the people, or there can be no republican government, nor any real liberty: and this public passion must be superiour to all private passions.
Some people are called to be a good sailor. Some people have a calling to be a good tiller of the land. Some people are called to be a good friend. You have to be the best at whatever you are called at. Whatever you do. You ought to be the best at it – highly skilled. It's about confidence, not arrogance. You have to know that you're the best whether anybody else tells you that or not. And that you'll be around, in one way or another, longer than anybody else. Somewhere inside of you, you have to believe that.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
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