G. K. Chesterton on economics

‘My country, right or wrong’ is a thing that no patriot would think of saying, except in a desperate case. It is like saying, ‘My mother, drunk or sober’.

The first two facts which a healthy boy or girl feels about sex are these: first that it is beautiful and then that it is dangerous.

The Declaration of Independence dogmatically bases all rights on the fact that God created all men equal; and it is right; for if they were not created equal, they were certainly evolved unequal. There is no basis for democracy except in a dogma about the divine origin of man.

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