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There is far more danger in public than in private monopoly, for when Government goes into business it can always shift its losses to the taxpayers. Government never makes ends meet—and that is the first requisite of business.

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Mar 19, 2026

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Quote Author: Eric Hoffer

Eric Hoffer

Eric Hoffer

Eric Hoffer (July 25, 1898 - May 21, 1983) was an American social writer. He produced ten books and was awarded the Presidential Medal of Freedom in February 1983 by President of the United States Ronald Reagan. His first book, The True Believer , published in 1951, was widely recognized as a classic, receiving critical acclaim from both scholars and laymen. This book, which he considered his best [ citation needed ] , established his reputation [ citation needed ] . He remained a successful [ citation needed ] writer for most of his remaining years.

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