"The history of government management of money has, except
for a few short happy periods, been one of incessant fraud
and deception."
Friedrich August von Hayek
(1899-1992), Nobel Laureate of Economic Sciences 1974
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Reader comments about this quote:
 -- Mike, Norwalk      
The only short happy period I know of was the Clinton yeas.
 -- Waffler, Smith     
  • 2
    Hayek needs to read article one section 8 of the US Constitution
     -- allen, DC     
    The main cause for a successive and an unjustifiable 'differentiation' between Public finance and Private finance has been the ridiculous acts of doing away with 'economic ethics' ... in the name of Ism-s of sorts like capitalism, communism. feminism. and worst of all secularism - which has no etymological validity even !! Economics has slid down from the sublime to the ridiculous as it were....
     -- vedapushpa, Bangalore - India     
  • 1
    Economics is politics in disguise. A fool and his money are soon parted. When the People no longer demand that their representatives obey the rules of their offices, it is only a matter of time before the servant government assumes the role of masters of us all. Our entire economic system is now a system of fraud -- there is no money, only promises of money and an unpayable debt the price of which is 90% of one's labors and property over a lifetime -- actually they take it all and you still owe more. The Federal Reserve is the biggest fraud of them all.
     -- E Archer, NYC     
  • 1
     -- Seb, Jersey City      
    Succinct and Accurate
     -- J Carlton, Calgary     
    WOW !! Really ?!?! Someone give this man a cookie and a gold star....STAT !! I suppose I'll give him 4 stars....it's concise, short, entertaining ( inspired me to comment with sarcasm ) so while a little imperfect, it still winds up coming out with all the right stuff.
     -- Renegade, Lansing, MI     
  • 2
     -- Nick      
     -- Mary, MI      
     -- jim k, Austin      
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