Here’s Part II of my list of quotes and bits of wisdom from some of the world’s greatest thinkers. I hope you enjoy it! And yes, because I know you’re wondering, Part III is coming.
Click on Part I to get the first list.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident..."— Arthur Schopenhauer, German philosopher
“The boom, not the slump, is the right time for austerity at the Treasury.”— John Maynard Keynes, economist
"I can calculate the motions of heavenly bodies, but not the madness of people."— Sir Isaac Newton, physicist, mathematician, astronomer, after losing vast amounts of money in the South Sea Bubble
"Kindness is the language which the deaf can hear and the blind can see."— Mark Twain, American humorist
"If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions."— Winston Churchill
"If you find yourself in a hole, stop digging."— Will Rogers, American humorist
"The roots of violence are wealth without work, pleasure without conscience, knowledge without character, commerce without morality, science without humanity, worship without sacrifice, and politics without principals."— Mahatma Gandhi
"To create conditions in which competition will be as effective as possible, to prevent fraud and deception, to break up monopolies — these tasks provide a wide and unquestioned field for state activity."— Friedrich Hayek, Austrian economist
"We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."— Winston Churchill, British prime minister
"If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand."— Milton Friedman, American economist
"Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one."— Milton Friedman, American economist
"Nothing is so permanent as a temporary government program."— Milton Friedman, American economist
"Unemployment is..a side effect of the cure for inflation."— Milton Friedman, American economist
“No power is strong enough to be lasting if it labors under the weight of fear.”— Cicero
"Truth is not only violated by falsehood; it may be equally outraged by silence."— Henri-Frederic Amiel, Swiss philosopher
"For you were called to freedom, brothers. Only do not use your freedom as an opportunity for the flesh, but through love serve one another..If you keep on gouging and devouring each other, watch out, you will be destroyed by each other."— St. Paul, Letter to the Galatians, 5:13-15
"A man who wants to lead the orchestra must turn his back on the crowd."— Max Lucado, American author, preacher
"For every complex problem there is an answer that is simple, neat, and wrong.” — H. L. Mencken, American author, humorist
"Paper money eventually returns to its intrinsic value - zero."— François-Marie Arouet, better known under the pen name Voltaire, French philosopher, historian, author
"Nothing is so difficult as not deceiving oneself."— Ludwig Wittgenstein, Austrian philosopher
“A good politician is quite as unthinkable as an honest burglar.”— H. L. Mencken, American author, humorist
“A newspaper is a device for making the ignorant more ignorant and the crazy crazier.”— H. L. Mencken
“A politician is an animal which can sit on a fence and yet keep both ears to the ground.”— H. L. Mencken
"Felix qui nihil debet." ("Happy is he who owes nothing.")— Proverb from ancient Rome
Elizabeth MacDonald joined FOX Business Network (FBN) as stocks editor in September 2007 and is the author of Skirting Heresy: The Life and Times of Margery Kempe (Franciscan Media, June 2014).
Follow Elizabeth MacDonald on Twitter @LizMacDonaldFOX.