Quotes About Economics

I don't pretend that I can predict the future value of the growth rate or rate of return.

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

I do not believe that the top rate should be lowered for individuals who are making more than $1 million a year. I don't think there's any need to eliminate the estate tax.

Our whole lives, did any of us actually think a quarter of a percent was actually an interest rate?

Lending rate is a function of both liquidity as well as credit demand.

It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.

I never predict freight rates; nobody can do that.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

If we drive cost down, we will be able to live with low freight rates.

Demonetisation is a disinflationary process. So, this will bring down prices in the long run. It will also help in bringing down interest rates.

Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.

For people who grew up in the last four decades of the 20th century, it is hard to grasp the concept of negative interest rates. How is it even possible? If interest rates are the price of money, is the marketplace broadcasting that money is on sale? Are we just giving it away?

You cannot take bank interest rates very sharply down: you will lose your deposit franchise.

It has always been more expensive for the poor to borrow money. We see this in everything from mortgage rates to credit cards.

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.

Trade balances are determined by national savings propensities, not exchange rates.

If prices drop, we have to protect farmers from distress; if prices rise, we should be ready to pay market rates.

When interest rates are coming down, you cannot have high margins.

Putting an end to usurious rates is not going to be as simple as asking banks to lay down internal guidelines, policies and procedures.

Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

Population, when unchecked, increases in a geometrical ratio.

I love Richard Thaler's 'Quasi Rational Economics.' A collection of some of his most interesting and inventive essays, the real foundation of behavioral economics.