Quotes About Economics

At the end of World War II, the average holding period for a stock was four years. By 2000, it was eight months. By 2008, it was two months. And by 2011 it was twenty-two seconds, at least according to one professor's estimates. One founder of a prominent high-frequency trading outfit once claimed his firm's average holding period was a mere eleven seconds.

Maybe he knows it's cheaper to bribe a justice than to pay human labor.

Relative income uses two variables: the dollar and time, usually hours.

I understand very well that politicians always have to bridge the gap until the next election, even if long-term dangers increase as a result. But as an economist, my time horizon is longer.

Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.

I do tend to think that things that have incredibly long time horizons often do involve market failures.

Every time a congressman or pundit says its 'class warfare' to increase taxes on the wealthy, it's a massive lie.

The education system should teach us about money; it's an incredibly big subject. I run into people all the time that don't have the first clue of what they should do about money.

Capital creates space-time.

The time has come to match outgo to income, instead of always doing it the other way around.

The laws of supply and demand drive up the price, inevitably, over time. But solar and wind are abundant and renewable resources.

We're facing a danger that economics is rigorous deduction based upon faulty assumptions. Science after science gets that way from time to time. When it does, we're in real trouble.

Time is money, but also money is money.

We have passed the time of ... the laisser-faire [sic] school which believes that the government ought to do nothing but run a police force.

In my right-wing politics of the time, I held that unemployment was usually the fault of the unemployed.

A one-time tax does not get figured into people's investment decisions.

They started using pink in the OR under the mistaken assumption that doctors wouldn't want to be seen in pink scrubs in the cafeteria or elsewhere. Very shortly after the introduction of "OR only" pink scrubs, pink scrubs were everywhere, including neighborhood basketball courts. If everyone wore surgical scrubs instead of regular clothing, we could save trillions of dollars. There is no other way to fully clothe a person for less than ten dollars.

the euro, it seems, is stuck in a political no man's land – trapped between two opposing world views. And the battleground is not economics, but ethics.

We all too often have socialism for the rich and rugged free market capitalism for the poor.

I had also learned that the inseparable twin of racial injustice was economic injustice.

The solution to poverty is to abolish it directly by a now widely discussed measure: the guaranteed income.

The good and just society is neither the thesis of capitalism nor the antithesis of communism, but a socially conscious democracy which reconciles the truths of individualism and collectivism

Everybody is on welfare in this country. The problem is that we all to often have socialism for the rich and rugged free enterprise capitalism for the poor. "The Minister to the Valley," February 23, 1968

Everybody is on welfare in this country. The problem is that we all too often have socialism for the rich and rugged free enterprise capitalism for the poor. "The Minister to the Valley," February 23, 1968