Quotes About Economics

and I would spend much of my professional career trying to better understand why deep economic depressions occur.

I noted that at least some of the house price appreciation was the result of fundamental factors such as growing incomes and low mortgage rates.

I set my sights on the Massachusetts Institute of Technology, whose PhD program in economics was widely viewed as the best in the world.

Markets are natural outgrowths of human nature, and natural rights. You own yourself, and you own your labor—and no one has the right to remove that labor from you for the good of the collective without just compensation.

The Leon Trotsky wing of the university hates capitalism with a vengeance. According to this faction, capitalism does nothing good; it only broadens the gap between rich and poor and results in the exploitation of people for the sake of money.

Inequality by itself does not imply creation of poverty.

Money is best left in the hands of government. The citizens of the United States are too stupid to save for the future.

The answer to every "social justice" question is more taxes and regulation, say the professors.

So what is the moral case for capitalism? It lies in recognition that socialism isn't a great idea gone wrong — it's an evil philosophy in action. It isn't driven by altruism; it's driven by greed and jealousy.

During the FDR administration, economic policy was set from the top; ignoring the injunction by economically laissez-faire thinkers that no set of individuals can know more than the entire market at large, FDR and his cadre of geniuses lengthened the Great Depression by nearly a decade by manipulating the currency, setting wages and prices, and bullying those who objected into silence.

Most economists oppose minimum wage laws, but that never prevents the laws from being written. The living wage movement lives on, not because of any merit, but because it's a popular political move to back anything that "helps the poor.

If the wealthiest segment of the population has no money, who gives the poor their jobs? The government? There's a name for that economic philosophy—communism.

The university system has been monopolized by a group of folks who believe that it's no longer worthwhile debating the evidence on tax rates, or whether the Laffer curve is right, or whether Keynesian policies actually promote economic growth. They

Marches don't stop markets.

Fascism should rightly be called corporatism as it is a merger of state and corporate power.

Socialism is a fraud, a comedy, a phantom, a blackmail.

Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.

Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power" <-- This is a fake quote, it appears in none of the writings or recorded speeches of Mussolini. ? Benito Mussolini

Fascism should rightly be called corporatism, as it is the merger of corporate and government power.

Corporations are not in business to be social-welfare organizations they are there to make money.

The way to wealth is as plain as the way to market. It depends chiefly on two words, industry and frugality: that is, waste neither time nor money, but make the best use of both. Without industry and frugality nothing will do, and with them everything.

If you would know the worth of money, go and try to borrow some.

If you would know the value of money, go and try to borrow some.

Buy cheap and sell dear.