“When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, bigger and bigger and they make more, more and more because as they run out of money, they just ask for more and so they get rewarded for making mistakes. In the meantime that is exactly what we are doing by subsidizing companies which are failing, we have a reverse Darwinism, we've got survival of the unfittest, the companies and people that have made terrible mistakes are being rewarded and other people are being punished and being taxed.”

Authors@Google: Peter Schiff (2009)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "When private industry makes a mistake, it gets corrected and goes away. As governments make mistakes, it gets bigger, b…" by Peter D. Schiff?

Peter D. Schiff40

American entrepreneur, economist and author 1963

Related quotes

“There are no checks and balances if the gov is wrong, if a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut, if he bets wrong, he loses, if the gov bets wrong, they just get bigger, they just appropriate more money, it's a bottomless pit, because they either get it from the tax payers or run it off a printing press.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Authors@Google: Peter Schiff (2009)

“We all make mistakes, some bigger than others, but none of us is perfect.”

Cecelia Ahern (1981) Irish novelist

Source: One Hundred Names

“We all make mistakes, Steele. It’s what we do afterward that defines us more than the actual incident that led to the mistake. (Joe)”

Sherrilyn Kenyon (1965) Novelist

Source: Bad Attitude

“Journalists who make mistakes get sued for libel; historians who make mistakes get to publish a revised edition.”

Bill Moyers (1934) American journalist

"The Big Story", speech to the Texas State Historical Association (7 March 1997), as quoted in Moyers on Democracy (2008), p. 131

“If you make a mistake and do not correct it, this is called a mistake.”

Confucius (-551–-479 BC) Chinese teacher, editor, politician, and philosopher

“I make lots of mistakes. I try hard not to make the same mistake more than three or four times.”

Janet Evanovich Three to Get Deadly

Source: Three to Get Deadly

“There was always some kind of strain, but it was workable. The bigger you get, the more of a strain it is, because in your everyday life, you're less used to compromising. As you get bigger, you have your own way. But in a partnership you always have to compromise. … When you get into a partnership, you're not the boss. There's no boss. That makes it hard.”

Paul Simon (1941) American musician, songwriter and producer

Interview with Jon Landau for Rolling Stone (1972); republished in The Rolling Stone Interviews: 1967-1980 (1989) edited by Peter Herbst, p. 211

“While I have told about my successes, did I make mistakes? [I made] more than enough; many mistakes that I bitterly regret. First of all, my mistake was the court.”

Mikheil Saakashvili (1967) Georgian-Ukrainian politician, President of Georgia and Governor of Odessa

Tbilisi Courtroom Address (2021)

“Are my competitors making some mistakes? Yes they are. But I'll tell you this: Sony is a formidable company and I respect them and I don't take them lightly. We have to do what we need to do, let them do what they're going to do. If they continue to make mistakes, that's their problem, not mine. We are focused on making sure that we are going to be successful.”

Reggie Fils-Aimé (1961) American businessman

On Nintendo's competitors <br class="br">Source: next-gen.biz http://www.next-gen.biz/index.php?option=com_content&task=view&id=4193

“We all make mistakes, but when I made mistakes there was no filter between me and the consumer.”

Murray Walker (1923) Motorsport commentator and journalist

The Guardian staff (December 27, 2000) "It's the end of an earache or do I mean era?", The Guardian.
Interviews

Help us to complete the source, original and additional information

Peter D. Schiff40

Related quotes

Related topics