Quotes About Economics

Big government inevitably drives an upward distribution of wealth to those whose wealth, confidence and sophistication enable them to manipulate government.

By adopting the other trade, we place ourselves by the side of those whose measures tend not only to the improvement of their own subjects, but to the emancipation of the slave everywhere.

If you want to know why the towers of American capitalism are crumbling, I recommend reading 'The Creature from Jekyll Island' by G. Edward Griffin.

Why not just eliminate the federal income tax?

The concept of minimum wage is crazy, if you really stop to think about it. If $8 an hour seems right, why not $20 an hour? If it's coming by order of the government, why stop at any level? Why not just say everyone should get what Gates gets?

I am a very big proponent of opening the borders with India. Most of our trade is done through unofficial channels. Why not open the trade?

We live in a capitalistic society, don't we? Our country is based on the idea of the free market. Why not incorporate that free-market ideal into your career as a mixed martial artist?

In countries operating a largely capitalist system, there does not appear to be a wide understanding among its actors and overseers of either its advantages or its hazards.

World wide capitalism kills more people everyday then Hitler did. And he was crazy.

It's widely accepted that it is reasonable for a government to use tax policy to change behaviour.

I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used.

However, I think the major opposition to ecology has deeper roots than mere economics; ecology threatens widely held values so fundamental that they must be called religious.

The basic idea that if you increase government spending or you cut people's taxes that stimulates the economy and lowers the unemployment rate, is a very widely accepted idea. It's in every economics textbook, that's what we teach our undergraduates, and I certainly try to teach them the truth.

It's widely assumed that you can't compete with free, and that seems like a reasonable thing to think. But this has not been my experience.

Full and immediate expensing is widely recognized as one of the most pro-growth tax policies around.

The gap between rich and poor is widening dramatically. There's a hangar at the Cairo airport for private jets, billionaires are on the Forbes list, and Egypt's annual per-capita income is two thousand dollars. How can you sustain that?

A universal basic income funded by a value-added tax, which is a tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale, would spread the benefits of automation to a much wider group of people.

For those who want out, Brexit remains an end in itself, regardless of what is in the interest of our society, in terms of prosperity, security and influence on the wider world stage.

Wild globalisation has benefited some, but it's been a catastrophe for most.

The wild open-market theory that died in 1929 had a run of just over thirty years. Communism, a complete melding of religious, economic, and global theories, stretched to seventy years in Russia and forty-five years in central Europe, thanks precisely to the intensive use of military and police force.

If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.

Handmade things tend to be so expensive that only a small part of the population can afford them. And yet making things with hands is such an essential part of being human.

The first stage in a technology's advance is that it'll fall below a critical price. After it falls below a critical price, it will tend, if it's successful, to rise above a critical mass, a penetration.

While I tend to side with economist Milton Freidman when it comes to free-market economics, there is a place for 'Made in the U.S.A.' where national security is concerned.