Quotes About Economics

Each Javelin round costs $80,000, and the idea that it's fired by a guy who doesn't make that in a year at a guy who doesn't make that in a lifetime is somehow so outrageous it almost makes the war seem winnable.

A billion here, a billion there, pretty soon it adds up to real money.

Investing is the intersection of economics and psychology.

After all, what is crazier: one person owning the same amount of money as the combined economies of twenty-three countries, or suggesting that if we shared, there would be enough for everyone?

where did I think the rich got their money but from everyone else?

Nickel a pop, tops.

Ulrich Van Holtz continued to read the latest tome on world economics, pretending to be bored, but in truth absolutely fascinated!

President Obama has lowered taxes more than he has raised them, and they are today lower than they were in President Reagan's time. But you don't hear conservatives crowing about that.

Most of the time the concept of globalization ends up sounding unnecessarily abstruse - even the name itself sounds clunky and highfalutin.

It is probably safe to say that over a long period of time, political morality has been as high as business morality.

The only time you can have maximum economic progress is when social programs don't exist.

I'm jealous of that time when you could afford lofts and survive on almost nothing. You can't do that anymore.

Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.

Human resources could be purchased and sold but not time.

The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.

Capitalism has socialized production. It has brought thousands of people together in the factory and involved them in new social relationships.

While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more difficult.

If we can put together a Mexican businessman and a U.S. businessman, they will find a way to do more business.

In a well-known 1996 article in the Quarterly Journal of Economics, Akerlof explained, using the language of modern economics, why the sexual revolution—contrary to common prediction, especially prediction by those in and out of the Church who wanted the teaching on birth control changed—had led to an increase in both illegitimacy and abortion.4

Because it's hard for people to gauge quality by flavor, they tend to gauge it by price. That's a mistake. Langstaff

Expert economics coming to the assistance of ambitious unintelligence." Let them chew cake.

It is common to find that two traders both think their counterparts are idiotically overpaying: that is the beauty of Ricardo's magic trick.

In 1900, the average American spent $76 of every $100 on food, clothing and shelter. Today he spends $37.

Think of this: never before this generation has the average person been able to afford to have somebody else prepare his meals. You