H. L. Mencken on economics

No one ever went broke underestimating the intelligence of the American public.

Religion is fundamentally opposed to everything I hold in veneration⁠—courage, clear thinking, honesty, fairness, and, above all, love of the truth.

We must repsect the other fellow’s religion, but only in the sense and to the extent that we respect his theory that his wife is beautiful and his children are smart.

A national debt, if it is not excessive, will be to us a national blessing.

Alexander Hamilton1757–1804Letter to Robert Morris (30 April 1781)

Underlying most arguments against the free market is a lack of belief in freedom itself.

Milton Friedman1912–2006Capitalism and Freedom (1962), Ch. 1 The Relation Between Economic Freedom and Political Freedom, 2002 edition, page 15

• Business
• Freedom

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own self-interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own neccessities but of their advantages.

Adam Smith1723–1790The Wealth of Nations (1776), Book I, Chapter II, p. 19.In context