All you really need to know about economics

It is dangerous to be right when the government is wrong.
-- Voltaire

In the long run, all paper money will go exactly to its intrinsic value, which is zero.
-- Marc Faber

The more the state "plans" the more difficult planning becomes for the individual.
-- F.A. Hayek

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

One of the great mistakes is to judge policies and programs by their intentions rather than their results.
-- Milton Friedman

If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.
-- Jim Rogers

Inflation is the one form of taxation that can be imposed without legislation.
-- Milton Friedman

History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
-- Milton Friedman

The problem with Socialism is that eventually you run out of other people's money.
-- Margaret Thatcher

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
-- Thomas Jefferson