Public Finance Quotes & Sayings

The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters. — Ludwig Von Mises

My expertise was in public finance, particularly corporate taxation, since I had worked at the US Treasury. — Merton Miller

Public officials are permitted to finance or subsidize their own activities through taxes. That is, they are permitted to engage in and live off, what in private dealings between private law subjects is prohibited and considered 'theft' and 'stolen loot.' — Hans-Hermann Hoppe

Zealous groups threaten to infringe civil liberties when they seek government support to impose their own religious views on nonadherents. This has taken many forms, including attempts to introduce organized prayer in public schools, to outlaw birth control and abortion, and to use public tax revenues to finance religious schools. — Norman Dorsen

The monarchy is foremost a business, and it's important to them that the British public continue to finance the excessive luxurious lifestyles of the now quite enormous, wasteful and useless 'royal' family. I find it very sad. — Morrissey

I basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The 'going public' may also be an exit strategy for the top management. — Marc Rich

This preternatural love of rules almost for their own sake punctuates German finance as it does German life. As it happens, a story had just broken that a German reinsurance company called Munich Re, back in June 2007, or just before the crash, had sponsored a party for its best producers that offered not just chicken dinners and nearest-to-the-pin golf competitions but a blowout with prostitutes in a public bath. In finance, high or low, this sort of thing is of course not unusual. What was striking was how organized the German event was. The company tied white and yellow and red ribbons to the prostitutes to indicate which ones were available to which men. After each sexual encounter the prostitute received a stamp on her arm to indicate how often she had been used. The Germans didn't just want hookers: they wanted hookers with rules. — Michael Lewis

In ability choice education finance majorities people understanding voting A lot of voters always cast their ballot for the candidate who seems to them to be one of the people. That means he must have the same superstitions, the same unbalanced prejudices, and the same lack of understanding of public finances that are characteristic of the majority. A better choice would be a candidate who has a closer understanding and a better education than the majority. Too much voting is based on affability rather than on ability. — William Feather

By the aristocracy of finance must here be understood not merely the great loan promoters and speculators in public funds, in regard to whom it is immediately obvious that their interests coincide with the interests of the state power. All modern finance, the whole of the banking business, is interwoven in the closest fashion with public credit. — Karl Marx

Money is a public good; as such, it lends itself to private exploitation. — Charles P. Kindleberger

Last year I was on Pat Robertson's show, and we discussed our basic Christian faith - for instance, separation of church and state. It's contrary to my beliefs to try to exalt Christianity as having some sort of preferential status in the United States. That violates the Constitution. I'm not in favor of mandatory prayer in school or of using public funds to finance religious education. — Jimmy Carter

School performance, public health, crime rates, clinical depression, tax compliance, philanthropy, race relations, community development, census returns, teen suicide, economic productivity, campaign finance, even simple human happiness - all are demonstrably affected by how (and whether) we connect with our family and friends and neighbours and co-workers. — Robert D. Putnam

It was not my wish to come into politics. I was not a public person; I preferred to spend my birthdays with family and friends. But the 2008 elections were fraudulent, so I decided to finance the opposition to make them stronger. — Bidzina Ivanishvili

Since money or other resources must be withdrawn from possible alternative uses to finance the supposedly desirable public goods, the only relevant and appropriate question is whether or not these alternative uses to which the money could be put (that is, the private goods which could have been acquired but now cannot be bought because the money is being spent on public goods instead) are more valuable - more urgent - than the public goods. And the answer to this question is perfectly clear. In terms of consumer evaluations, however high its absolute level might be, the value of the public goods is relatively lower than that of the competing private goods because if one had left the choice to the consumers (and had not forced one alternative upon them), they evidently would have preferred spending their money differently (otherwise no force would have been necessary). — Hans-Hermann Hoppe

Some corporations don't want free markets, and they don't want democracy. They want profits. And they use our campaign finance system to loot our commons, to steal from our treasury, and the other shared resources of our community - the air, the water, the public lands, the wildlife, the things that belong to all of us that are held in trust for future generations. Corporations cannot act philanthropically in America. — Robert F. Kennedy Jr.

Volcker relied on public opinion, integrity, and persistence to overcome the political pressure to finance government spending the easy way, by printing money rather than by taxation. — William L. Silber

Nothing in finance is more fatuous and harmful, in our opinion, than the firmly established attitude of common stock investors regarding questions of corporate management. That attitude is summed up in the phrase: "If you don't like the management, sell your stock." [ ... ] The public owners seem to have abdicated all claim to control over the paid superintendents of their property — Benjamin Graham

I determined absolutely that never would I join a company in which finance came before the work or in which bankers or financiers had a part. And further that, if there were no way to get started in the kind of business that I thought could be managed in the interest of the public, then I simply would not get started at all. For my own short experience, together with what I saw going on around me, was quite enough proof that business as a mere money-making game was not worth giving much thought to and was distinctly no place for a man who wanted to accomplish anything. Also it did not seem to me to be the way to make money. I have yet to have it demonstrated that it is the way. For the only foundation of real business is service. — Henry Ford

Theory of public goods. Theory that if I take you euro (as an elected state government) and give fifty cents back... you will be happier and I will be satisfied. — Radovan Kavicky

To be fair, lying is part and parcel of public life. Every politician has lied about something because they are owned by the special interest groups that finance their elections. — Peter Schuyler

Students and postdoctoral fellows largely depend on the support of the public sector to finance the training and research that will make them world-renowned scientists. — Carol W. Greider

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. — Adam Smith

The sense that just about anything goes with the collection of public revenues and the making of public expenditure has contributed mightily to the current malaise. — Richard A. Epstein

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that. — Jim Rogers

I think we need to rethink a lot of business skills. In finance, for example, social impact bonds are potentially a way of providing capital for investments that save the public money in a context in which government often doesn't invest in things that would save it money. — Nicholas Kristof

We'll have a public power authority, which will also have the ability to build power or finance power. And more importantly, we'll have more power than our economy provides. All of that will give us leverage we don't have today. — Gray Davis

Jail is more commonly-suited to those less-commonly able to finance a defense (or to potentially pander the prosecution). The choices for council is either a retained lawyer or, by default, a public defender. In the later of these two, the common title in jail was 'public pretender'. — H. Kirk Rainer

I think there are two basic approaches you can use for campaign finance. One is complete openness, everybody knows absolutely everything, but no limits. But you let people decide.The other is just have a national public system. — David Brooks

Campaign finance and ethics reform only works if it curtails all special interest groups equally and does not carve out any exceptions to benefit one party or another. 'Pay to play' reform was passed to limit the influence of big spending contractors over the public officials from whom they are trying to obtain work. — Thomas Kean Jr.

Failure to use tax money to finance things not liked by the taxpaying public is routinely called 'censorship.' If such terminology were used consistently, virtually all of life would be just one long, unending censorship, as individuals choose whether to buy apples instead of oranges, vacations rather than violins, furniture rather than mutual funds. But of course no such consistency is intended. This strained use of the word 'censorship' appears only selectively, to describe public choices and values at variance with the choices and values of the anointed. — Thomas Sowell

The United States, with the greatest ability and the weakest desire to finance a welfare state, winds up in the middle of the pack in terms of the absolute value of the resources devoted to it. By 2003 ... America's per capita Public Expenditures were greater than those in Japan, Spain, Australia, Canada, and the United Kingdom, while lower than those in Italy, the Netherlands, Germany, Belgium, France, Denmark and Sweden. — William Voegeli