Judd W. Patton, Ph.D. (Biography) Bellevue University Online
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My Favorite Quotes

Quotes on Money and Inflation

"When a self-governing people confer upon their government the power to take money from some and give it to others, the process will not stop until the last bone of the last taxpayer is picked bare."

(Kershner's First Law)
Howard E. Kershner

"Throughout history periods of sound money have been marked by moral advance and prosperity. Conversely, periods of unsound money have been accompanied by moral decline."

(Kershner's Second Law)
Howard E. Kershner

"Government is the only institution that can take a perfectly good piece of paper, print some noble words on it, and make it perfectly worthless."

Ludwig von Mises

Quotes on Economic Principles

"Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied."

Ludwig von Mises

"Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates."

(Mises Curve) Ludwig von Mises

"All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors' and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter."

Ludwig von Mises
(Mises Law)

"That which is common to the greatest number has the least care bestowed upon it."


Quotes on Liberty and Freedom

"Liberty is not the power of doing what we like, but the right of being able to do what we ought."

Lord Acton

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters."

Benjamin Franklin (1787)

Quotes on Government

"Government is instituted to protect property of every sort....This being the end of government, that alone is a just government, which impartially secures to every man, whatever is his own."

James Madison (1792)

"In questions of power, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution."

Thomas Jefferson

"I place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared."

Thomas Jefferson

"That is not a just government, nor is property secure under it, where the property which a man has in his personal safety and personal liberty is violated by arbitrary seizures of one class of citizens for the service of the rest."

James Madison (1792)

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