Quotes About Economics

King told the staff he believed "there must be a better distribution of wealth, and maybe America must move toward a democratic socialism….

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. That's the problem. "The Minister to the Valley," February 23, 1968

In a country supposedly dedicated to the ideals of market economics, arguably the most important social function of finance Ã¢â'¬â€œ lending for home purchase Ã¢â'¬â€œ had become almost completely nationalized.

The attempt to resolve its problems by turning the Eurozone into a bigger Germany is going to prove unworkable. If this is not understood – and it is not, as yet, where it matters – further crises seem certain.

Who worked for nothin' in that war? When they work for nothin', I'll work for nothin'. Did they ship a gun or a truck outa Detroit before they got their price? Is that clean? It's dollars and cents, nickels and dimes; war and peace, it's nickels and dimes, what's clean? Half the Goddam country is gotta go if I go! That's why you can't tell me.

Most small farmers have as much use for money as a Supreme Court judge has for a bag of fertilizer.

Do we need weapons to fight wars? Or do we need wars to create markets for weapons?

How can you measure progress if you don't know what it costs and who has paid for it? How can the market put a price on things - food, clothes, electricity, running water - when it doesn't take into account the REAL cost of production?

Internationa] Aid is just another praetorian business enterprise.

Argentina & Iraq have been decimated by the same process with different weapons; an IMF cheque & cruise missiles.

Or maybe there's one thing to say, about the capitalism of the heart, the belief that the essences of life too can be seized and hoarded, that you can corner the market on confidence, stage a hostile takeover of happiness. It's based on scarcity economics, the notion or perhaps the feeling that there's not enough to go around, and the belief that these intangible phenomena exist in a fixed quantity to be scrambled for, rather than that you can only increase them by giving them away.

So you think that money is the root of all evil. Have you ever asked what is the root of all money?

People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism.

So long as men live together on earth and need means to deal with one another—their only substitute, if they abandon money, is the muzzle of a gun.

He demonstrated that there was no such thing as free will, since men's creative impulses were determined, as all else, by the economic structure of the epoch in which they lived.

When you consider socialism, do not fool yourself about its nature. Remember that there is no such dichotomy as "human rights" versus "property rights." No human rights can exist without property rights.

Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned

Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?

A real tank now costs about a million dollars, while a hallucinated one amounts to less than one-hundredth of a cent per person, or centispecter per spectator. A destroyer costs a dime. Today you could fit the whole arsenal of the United States inside a single truck.

They skimped on clothing and entertainment, and, with rents tightly controlled, spent a major percentage of their income on food.

The old equation has changed. Most families no longer save money by keeping wives at home. They lose by not having wives in the workplace, where women have more opportunities than in the past to earn decent wages.

Certainly people fell in love during those thousands of years, sometimes with their own spouses. But marriage was not fundamentally about love. It was too vital an economic and political institution to be entered into solely on the basis of something as irrational as love.

A date took place in the public sphere, away from home. It involved money, because when you moved from drinking mother's lemonade on the front porch to buying Cokes at a restaurant, someone had to pay. And because in the context of women's second-class economic status, the boy would have to pay, a girl could not ask a boy to take her out. The initiative thus shifted from the girl and her family to the boy.

Economists Betsey Stevenson and Justin Wolfers found that in states that adopted unilateral divorce, this was followed, on average, by a 20 percent reduction in the number of married women committing suicide, as well as a significant drop in domestic violence for both men and women.