Quotes About Economics

Then, Republicans should ask Democrats: Why is it so vitally important to keep bringing in new workers to compete with low-skilled Americans and drive down their wages?

In 2003, 70 percent of the 2,300 babies born in Stockton's San Joaquin General Hospital's maternity ward were anchor babies.14 By 2013, Stockton was bankrupt. Any politician who opposed our insane anchor baby policy would be smugly denounced by the New York Times—and wouldn't lose a single vote.

In all, nearly 60 percent of immigrants—legal and illegal—are on government assistance, compared with 39 percent of native households.6 Why would any country voluntarily bring in people who have to be supported by the taxpayer?

reason Democrats support immigration is because of how

The problem with the prohibition of any desirable commodity is money.

But this is really the essence of discounting: by cutting your price, you can boost your sales to a point where you earn far more at the cheaper retail price than you would have by selling the item at the higher price. In retailer language, you can lower your markup but earn more because of the increased volume.

In "A Problem from Hell," I had highlighted the work of Albert Hirschman, the Princeton economist who published the landmark book The Rhetoric of Reaction in 1991. Hirschman's thesis was that those who didn't want to pursue a particular course of action tended to argue that a given policy would be futile ("futility"), that it would likely make matters worse ("perversity"), or that it would imperil some other goal ("jeopardy").

The next ring—and your second-biggest priority—is economics. That includes your job, your investments, and even your house. You might wince at the fact that I put economics ahead of your family, your friends, and the rest of the world, but there's a reason. If you don't get your personal financial engine working right, you place a burden on everyone from your family to the country.

At the time of this writing I am trying to influence another national topic: climate science. My framing involves separating the science from the prediction models, and the prediction models from the economic models, and evaluating each of them separately. After all, economics is not science. Economics is more like astrology, at least when you're predicting ten years out.

You might wince at the fact that I put economics ahead of your family, your friends, and the rest of the world, but there's a reason. If you don't get your personal financial engine working right, you place a burden on everyone from your family to the country. Once

good. A society that gets marriage wrong will not remain free for long: the family is the training ground for the virtues that make free societies possible. Consider especially the necessity of trust in economic relationships.

la guerra, el comercio y la piratería son una trinidad inseparable.

Galula had noted that counterinsurgency is only 20 percent military and 80 percent everything else—politics mostly, but also economics, development, and information operations.

It is one of the issues that will have to be worked through however let me make the point and I think anyone would accept that if you set it up properly, not only will you get better environmental outcomes, you have a chance to create more wealth with the available resource.

I think, however, that so long as our present economic and national systems continue, scientific research has little to fear.

Why is there so much month left at the end of the money?

Sweezy argued on the basis of Marx and Keynes that "accumulation is the primary factor" in capitalist development, yet noted that its influence was waning. "There is no mechanism in the system," he explained, "for adjusting investment opportunities to the way capitalists want to accumulate and no reason to suppose that if investment opportunities are inadequate capitalists will turn to consumption—quite the contrary.

Economics graduate students are far more likely to free-ride than other students.

Kakonomics (from the Greek, the economics of the worst) describes cases wherein people not only have the standard preference for receiving high-quality goods and delivering low-quality goods (the standard sucker's payoff) but actually prefer to deliver a low-quality product and receive a low-quality one: that is, they connive on a low-low exchange.

optimization under constraints," and many Nobel prizes have been awarded in this area. Using the concept of bounded rationality

Any board-room sitter with a taste for Wall Street lore has heard of the retort that J. P. Morgan the Elder is supposed to have made to a naïve acquaintance who had ventured to ask the great man what the market was going to do. "It will fluctuate," replied Morgan dryly.

collecting 10 per cent on high incomes and lower rates on lower incomes constituted undue discrimination against wealth.

In the United States it is comparatively easy to raise tax rates and to introduce tax-avoidance devices, and it is comparatively hard to lower tax rates and to eliminate tax-avoidance devices.

Before about 1800, only two important attempts were made to establish income taxes—one in Florence during the fifteenth century, and the other in France during the eighteenth.