Famous quotes with Basic truth

• It seems not to have been written. It is the quintessence of life. It is the basic truth.

  Brooks Atkinson
• I gradually became persuaded that the subjects, without intending to, had revealed to me a basic truth about markets that was foreign to the literature of economics.

  Vernon L. Smith
• Violence, naked force, has settled more issues in history than any other factor, and the contrary opinion is wishfull thinking at its worst. Breeds that forget this basic truth have always paid for it with their lives and freedoms.

  Robert A. Heinlein
• Anyone who clings to the historically untrue - and thoroughly immoral - doctrine that violence never settles anything I would advise to conjure up the ghosts of Napoleon Bonaparte and the duke of Wellington and let them debate it. The ghost of Hitler would referee. Violence, naked force, has settled more issues in history than any other factor, and the contrary opinion is wishful thinking at its worst. Breeds that forgot this basic truth have always paid for it with their lives and there freedoms.

  Robert Heinlein
• It is with considerable reluctance that I criticize the monetarists, because, though I consider their proposed monetary policy unfeasible, they are after all much more nearly right in their assumptions and prescriptions than the majority of present academic economists.  The simplistic form of the quantity theory of money that they hold is not tenable; but they are overwhelmingly right in insisting on how much "money matters," and they are right in insisting that in most circumstances, and over the long run, it is the quantity of money that is most influential in determining the purchasing power of the monetary unit.  Other things being equal, the more dollars that are issued, the smaller becomes the value of each individual dollar.  So at the moment the monetarists are more effective opponents of further inflation than the great bulk of politicians and even putative economists who still fail to recognize this basic truth.

  Henry Hazlitt

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