“The moment you abandon the cardinal principle of exacting from all individuals the same proportion of their income or their property, you are at sea without rudder or compass, and there is no amount of injustice or folly you may not commit.” — British Economist J. R. McCulloch (1845) I have just finished reading the […]
“The Fed is the engine of inflation.” — Murray Rothbard I have a special announcement below about our keynote celebrity speaker who was just censored at the South by Southwest Film Festival but won’t be muzzled at FreedomFest! On Tuesday, I hosted a teleforum with my subscribers. Many of them asked about the sudden rise […]
“There will never be peace in the world as long as Communism exists. We are in a war to the death, and not of our choosing.” — Fred Koch 1960 Fred Koch, the father of libertarian billionaire Charles Koch, wrote those words in a pamphlet entitled “A Business Man Looks at Communism.” He had first-hand experience doing oil business in […]
“Capitalism is dying.” — Marxist economist Michael Harrington, “The Twilight of Capitalism” (1977) “The bottom line is that the Reagan program is all talk and no action.” — Austrian economist Murray Rothbard (1981) Last month, my wife Jo Ann and I were privileged to be the first guests on the new Tom Woods School of Life program, doing a two-part series […]
“What is the greatest danger to your investments? Inflation.” — Paul Cabot (p. 151) “War is always bearish on money and stocks — and a good time to buy.” — Philip Fisher (p. 151) Both quotes above are taken from the latest 10th anniversary edition of “The Maxims of Wall Street,” the bible of investing. With Russian troops invading the Ukraine, […]
“Climate change is the number one issue facing humanity. Unchecked, it is going to bake this planet. This is not hyperbole. It’s real. And we have a moral obligation.” — President Joe Biden Is global warming more important than the other issues facing Americans — war, crime, poverty, inequality, inflation, obesity, divorce, abortion or disease? One headline […]
“Getting rich is easy if you follow three rules: spend less, save more and invest the rest.” — Kevin O’Leary (2021) “What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom.” — Adam Smith (1776) I often ask my college students to come up with one word to describe […]
“There is no left or right, only up or down.” — Ronald Reagan (1964) In today’s world of divisive rhetoric and hostile debates, it’s easy for the media and pundits to divide people into camps, such as “left” wing or “right” wing. We see it all the time on cable TV, the internet and the […]
“Most people are too busy making a living to make any money.” — Joe Karbo In the 1970s, when I was just getting started in the business world, I was fascinated with a full-page ad in a magazine which led with the title, “Lazy Man’s Way to Riches.” The subtitle read, “Most people are too busy […]
“If you would not be forgotten, as soon as you are dead and rotten, either write things worth the reading or do things worth the writing.” — Ben Franklin On Monday, everyone wrote about Martin Luther King, Jr. But Jan. 17 was also Ben Franklin Day. Monday was the 316th anniversary of the birth of the founding father extraordinaire Benjamin […]
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