Popular Economics Quotes

“Capitalism cannot cause a financial crisis because capitalism is about markets constantly correcting errors. It is government intervention that can and often does cause crises,”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

“An economy robbed of failure is also robbed of success, because failure provides knowledge about how to succeed. Failure is the healthy process whereby a poorly run entity is deprived of the ability to do more economic harm.”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

“Taxes are the price we charge people to work, and that price affects where they work and whether they work at all.”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

“Failure is merely a harsh word for the experiences that animate the constant drive for self-improvement.”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

“Income inequality in a capitalist system is truly beautiful. It provides the incentive for creative people to gamble on new ideas, and it turns luxuries into common goods. Income inequality nurses sick companies back to health. It rewards hard work, talent, and achievement regardless of pedigree. And it’s a signal that some of the world’s worst problems will disappear in our lifetimes.”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

“Most people do not begin life on top. Politicians who raise income tax rates on top earners in the name of “fairness” are telling the strivers lower down that they will incur a penalty for succeeding.”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics

“The same is true for taxes. Politicians may raise the cost of work for their citizens, but if the cost is too high, those citizens won’t stick around to be fleeced, especially if they’re well to do. Like the car shoppers, they’ll go elsewhere.”
― John Tamny, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics