Quotes About Economics

American foreign policy establishment is inextricably linked to the banking establishment.

If you want to know, it was the capitalists who invented marriage in order to protect the laws of inheritance.

Money could never have originated as paper.

Taxes cause the most bad business decisions.

To most of America, war has become not only tolerable but profitable, and so there is no longer any great incentive to end it.

A decrease in the amount of time required to search for a wine product lowers the opportunity cost of choosing to purchase it, and therefore gives wine consumers an economic incentive to buy more of it.

The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.

But, looking round at the world as it is, it seems to me (I speak as a fool) that youth is all out for dogma, and that if boys and girls grow up imagining that Christianity has no dogma to give them, they'll give themselves over to political dogma or economic dogma in its crudest and most intransigent form.

Zero-sum games deal with resources that neither increase nor decrease in amount—they only shift from one player to the other.

Women have married because it was necessary, in order to economically, in order to have children who would not suffer economic deprivation or social ostracism, in order to remain respectable, in order to do what was expected of women because coming out of 'abnormal' childhoods they wanted to feel 'normal,"and because heterosexual romance has been represented as the great female adventure, duty, and fulfillment

Business is based on the well-known principle of supply and demand. You want something, the other man has it. The only thing left to settle is the price.

There are people, even today, who thought and still think that it is all simply a matter of the left taking power in France, that with a change in the economic conditions the black question will disappear. I think that the economic question is important, but it is not the only thing.

At the end of capitalism, which is eager to outlive its day, there is Hitler.

suppose a murderer carries a torso away from the scene of the crime. What does he do with the leftover bones and internal organs once he's stripped off the skin? Actually I must confess that it only just occurred to me now that this sort of problem—the efficient management of crime-related waste products—might be called 'criminal economics.

One who criticises capitalism while approving of immigration, of which the working class is its first victim, would do better to remain silent. One who criticises immigration while remaining silent regarding capitalism should do the same.

Americans spend more on potato chips than on recorded music.

To truly understand and appreciate music, you need to understand economics.

Irrational exuberance

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I said.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

Slave owners invested a growing amount of capital in their slaves: by 1861, almost half the total value of the South's capital assets was in the "value of negroes.

There's a famous and often-told story about the great economist John Maynard Keynes: once, when accused of having flip-flopped on some policy issue, Keynes acerbically replied, "When the facts change, sir, I change my mind. What do you do?

The income tax is a twentieth-century socialist experiment that has failed. Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.