Collectivism/economics

Famous quotes containing the words collectivism and/or economics:

“Every collectivist revolution rides in on a Trojan horse of “Emergency”. It was a tactic of Lenin, Hitler and Mussolini.... The invasion of New Deal Collectivism was introduced by this same Trojan horse.”
—Herbert Hoover (1874–1964)

“There is no such thing as a free lunch.”
—Anonymous.

An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)