Quotes About Economics

If we look at the past two centuries of economic history in Europe and the United States, we see an astounding pattern. Capital will accumulate in a tiny portion of the population, no matter what we do.

When I meet people on airplanes and they find out I'm an economist, they usually ask about stock tips.

Here's what I don't think works: An economic system that was founded in the 16th century and another that was founded in the 19th century. I'm tired of this discussion of capitalism and socialism; we live in the 21st century; we need an economic system that has democracy as its underpinnings and an ethical code.

Austria, Germany and the U.S. South did not disappear as a result of their currencies' ruin. Although many people suffered, most people found a way to survive, life went on, and economic activity eventually resumed after the adoption of a 'reformed' or foreign medium of exchange.

If you look at cricket per se, if you didn't have T20 cricket, Test cricket will die. People don't realise. You just play Test cricket, and don't play one-day cricket and T20 cricket, and speak to me after 10 years. The economics will just not allow the game to survive.

A token is not a short term carrot, nor a stick for that matter. Just having a token doesn't mean that you have a working business model attached with it.

The idea that you could send agricultural products to Tokyo and Osaka and not pay tariffs, and you would have to pay tariffs sending them to Manchester, is quite hard to fathom in the modern world.

Capitalism is at least tolerable, which cannot be said of Socialism or Communism.

I think the rich will eventually have to cave in too, because the economic situation around the world is not gonna tolerate the United States being on top forever.

Allowing a private rather than a public entity to take over your toll road merely means that your tolls will have to be that much higher to cover their more expensive debt.

We can't deny the financial toll illegal immigrants take on our communities.

He wished, he said, to draw his listeners' attention to "the effort to place capital on an equal footing with, if not above, labor in the structure of government." But labor, the rail-splitter-turned-lawyer declared

Economic growth has become a mark of countries' virtue. And what goes for countries goes for people. It's not enough to have high net worth anymore. What matters is the rate of increase—that is, "ever growing wealth.

over the 1982–84 period, taxes actually increased for all those making less than $30,000 a year….For those making over $200,000 a year, however, the Reagan cuts brought an average reduction of…15 percent." Thus was perpetrated, say two other analysts, "what may well have been the most accelerated upwards redistribution of income in the nation's history.

All along, he had believed instinctually that his broken heart had something to do with the collapse of culture. He wanted to blame it on economics instead of on the fact that she was a fucking bitch.

Because of capitalism, Lissa. Because of your fathers and what they do." "Sir, that's sexist! Some of our mothers might be capitalists too.

Remind people that profit is the difference between revenue and expense. This makes you look smart.

Thirty to 40 years ago, most financial decisions were fairly simple.

Concave functions have slopes that decrease. Concave functions with positive slopes exhibit diminishing returns:

Government has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you—either by direct taxes, or by the cruelly indirect tax of inflation.

Soon China would be the most powerful and wealthy country in the world and America would drown in the cesspool it had made of itself. 18.

Sixty-two per cent of Australians believe they cannot afford to buy everything they really need. When we consider that Australia is one of the world's richest countries and that Australians today have incomes three times higher than in 1950, it is remarkable that so many people feel their incomes are inadequate.

Inflation is like a moving treadmill. Prices don't stand still — they keep increasing year on year (5.5 per cent per annum over the past 45 years in fact). If you stick your money under the bed, or in a transaction account earning 0.1 per cent interest per annum, then you're doing the equivalent of standing still on that moving treadmill. It's not safe. It's incredibly risky and it will have a devastating impact on your retirement.

obvious reason: giving people extra money to buy a home just filters through the market and makes them all more expensive. The real winners of the first home buyer policies are people who already own