History is the version of past events that people have decided to agree upon.
Napoleon Bonaparte
You want to learn from experience, but you want to learn from other people's experience when you can.
Warren Buffett
When ancient opinions and rules of life are taken away, the loss cannot possibly be estimated. From that moment, we have no compass to govern us, nor can we know distinctly to what port to steer.
Edmund Burke
History does not tell you the probability of future financial things happening.
Warren Buffett
This is the source.
What experience and history teach is this - that people and governments never have learned anything from history, or acted on principles deduced from it.
Georg Wilhelm Friedrich Hegel
The study of history is a powerful antidote to contemporary arrogance. It is humbling to discover how many of our glib assumptions, which seem to us novel and plausible, have been tested before, not once but many times and in innumerable guises; and discovered to be, at great human cost, wholly false.
Paul Johnson
It is not unusual for American students to find their textbooks telling them that injustice was everywhere before the federal government, motivated by nothing but a deep commitment to the public good, intervened to save them from the wickedness of the free market. Alleged "monopolies" dictated prices to hapless consumers. Laborers were forced to accept ever-lower wages. And thanks to their superior economic position, giant corporations effortlessly parried the attempts of anyone foolish enough to try to compete with them.
Ron Paul
Every single aspect of this story is false, though of course this version of our history continues to be peddled and believed. I don't blame people for believing it - it's the only rendition of events they're ever told, unless by some fluke they have learned where to look for the truth. But there is an agenda behind this silly comic-book version of history: to make people terrified of the "unfettered" free market, and to condition them to accept the ever-growing burdens that the political class imposes on the private sector as an unchangeable aspect of life that exists for their own good.
This is the source.
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