I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it. - Frederick Hayek

Words ought to be a little wild, for they are the assault of thoughts on the unthinking. - John Maynard Keynes

Every socialist is a disguised dictator. - Ludwig Von Mises

Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop. - Ludwig Von Mises

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both. - Milton Friedman

The immediate effect of the deficit is to make you feel good, like when you go on a trip and pay later. You feel good, and then you get a hangover. The deficit makes you feel good - until you pay later. - Franco Modigliani

It is not the fault of the entrepreneurs that the consumers, the people, the common man, prefer liquor to Bibles and detective stories to serious books, and that governments prefer guns to butter. The entrepreneur does not make greater profits in selling bad things than in selling good things. His profits are the greater the better he succeeds in providing the consumers with those things they ask for most intensely. - Ludwig Von Mises

When it is useful to them, men can believe a theory of which they know nothing more than its name. ― Vilfredo Pareto

Like many great inventions, it started out with tinkering and ended with delayed recognition. ― Fischer Black