Great quotes

Some great quotes:

Nothing is so permanent as a temporary government program.

-- Milton Friedman

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

-- Milton Friedman

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.

-- Milton Friedman

We have a system that increasingly taxes work and subsidizes nonwork.

-- Milton Friedman

And some directly from my CFA textbook:

"Before we can conclude that something needs fixing, we must check out the available alternatives"

"As new firms enter an industry, the price falls and the economic profit of each existing firm decreases."

"The greater the amount of income redistribution through income taxes, the greater the inefficiency-the smaller is the economic pie.”

“But firms attempt to create a consumer perception of product differentiation even when actual differences are small.”

“Unions lobby to restrict imports and encourage people to buy goods made by unionized workers in the US.“

“Unions support minimum wage laws to increase the cost of employing low-skilled labor.”