Quotes About Economics

The [Motion Picture Production Code] took effect on March 31, 1930, 5 months too late to prevent the Wall Street Crash, but early enough to keep The Sixties from happening until approximately 1964. (When America fell victim to the British Invasion).

This process is known as inflation, something that was good for the universe in contrast to inflation of prices that too often plagues us.

Economics is also an effective theory, based on the notion of free will plus the assumption that people evaluate their possible alternative courses of action and choose the best. That effective theory is only moderately successful in predicting behavior because, as we all know, decisions are often not rational or are based on a defective analysis of the consequences of the choice. This is why the world is in such a mess.

The greater the number of fish a river bears the greater the number of fishermen that patronize it.

The strongest force in the universe is Compound Interest.

An economist says that essentially more for you is less for me, but the lover knows that more for you is more for me, too.

As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.

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Publishers are businesses and I don't blame them for that. If they didn't make money by publishing books, there wouldn't be any books.

It's complicated.' 'So's quantitative easing. But I still get that it means printing money.

Whether one believes or not, religion is as real a force in the life of the world as economics or politics, and it demands fair-minded attention. Even if you think the entire religious enterprise is at best misguided and at worst counterproductive, it remains vital, inspiring great good and, sometimes, great evil.

Capitalism, at its most remorseless, is a physical manifestation of psychopathy.

Debates about economics these days generally enjoy a climate of bipartisan asininity. Democrats want to "rein in" corporations, while Republicans claim to be "pro-business." The problem is that being "pro-business" is hardly the same thing as being pro–free market, while "reining in" corporations breeds precisely the climate liberals decry as fascistic.

Yes, of course enormous profits were made from both slavery and empire, but neither "created" capitalism... if capitalism is dependent on the sort of mass-scale exploitation implicit in slavery and imperialism, why did capitalism take so long to materialize? The ancient Chinese, Persians, Romans and Aztecs all had empires and slaves, yet none were capitalist.

Despite the fact that the New Deal was a failure, it remains the gold standard in liberal policy making.

Hayek, more than anyone else, illuminated the knowledge problem. Simply put: No one person can ever know enough. Planners who think they can process all of the data from disparate sources across vast expanses of geography and culture are, quite simply, educated fools.

a brief perusal of the last hundred years of economic journalism from the left would have you believe that the most prosperous century in human history was one long, extended economic crisis. But

The basic problem is with the business model of journalism. That business model is premised on the idea that talk is cheap and reporting is expensive.

Nie ma nic dziwnego w tym, ?e obserwujemy systematyczne redukowanie czasu snu, je?li wzi?? pod uwag?, o jak? ekonomiczn? stawk? toczy si? gra.

Some of the world's violent conflicts are mainly economic, territorial or tribal. But many seem to come, at least in part, from conflicts between the belief systems of different groups.

broke now, just wait until the baby boom generation is fully retired. I find it ironic that liberals generally embrace Darwin and reject "intelligent design" as the explanation for design and adaptation in the natural world, but they don't embrace Adam Smith as the explanation for design and adaptation in the economic world. They sometimes prefer the "intelligent design" of socialist economies, which often ends in disaster from a utilitarian point of view.

Me parece irónico que los liberales acepten a Darwin y rechacen el -diseño inteligente- como la explicación del diseño y la adaptación en el mundo natural, pero no aceptan a Adam Smith como la explicación del diseño y la adaptación en el mundo económico. Algunos países a veces prefieren el -diseño inteligente- de las economías socialistas, que en ocasiones suele acabar en desastre desde un punto de vista utilitarista.

Nationally, 22 percent of Americans reported overdrawing their bank accounts at least once in the previous twelve months,

In 2006, political scientist Jacob Hacker described what he called the "Great Risk Shift" in a book by the same name. Over the half century following World War II, governments and businesses gradually shifted financial risks from their ledgers onto the shoulders of individuals and families.