Quotes About Economics

Next, Cohn repeated what everyone was saying: Interest rates were going to go up over the foreseeable future. I agree, Trump said. "We should just go borrow a lot of money right now, hold it, and then sell it and make money." Cohn was astounded at Trump's lack of basic understanding. He tried to explain. If you as the federal government borrow money through issuing bonds, you are increasing the U.S. deficit.

The United States should be getting oil. The generals aren't sufficiently focused on getting or making money. They don't understand what our objectives should be and they have the United States engaged in all the wrong ways.

The empire of cotton has continued to facilitate a giant race to the bottom, limited only by the spatial constraints of the planet.

Many historians have called this the age of 'merchant' or 'mercantile' capitalism, but 'war capitalism' better expresses its rawness and violence as well as its intimate connection to European imperial expansion. War capitalism, a particularly important but often unrecognized phase in the development of capitalism, unfolded in constantly shifting sets of places embedded within constantly changing relationships. In some parts of the world it lasted into the nineteenth century.

it was not so much the new machines that revolutionized the world, impressive and important as they were. The truly heroic invention was the economic, social, and political institutions in which these machines were embedded.

we prefer to erase the realities of slavery, expropriation, and colonialism from the history of capitalism, craving a nobler, cleaner capitalism.

The labor market as idealized in modern-day economics textbooks as often as not came about as a result of strikes, unions, and riots.

In 2001, the U.S. government paid a record $4 billion in subsidies to cotton growers, a cost that exceeded the market value of the crop by 30 percent. To put it another way, these subsidies amounted to triple that year's USAID payments to all of Africa, a part of the world where production costs for cotton were only about a third of what they were in the United States. In

Cotton manufacturers understood that their prosperity was entirely dependent on the labor of slaves and they "dreaded the severity of the revulsion which must sooner, or later arrive.

I don't know about you, but where I went to school, Money Management 101 wasn't offered. Instead we learned about the War of 1812, which of course is something I use every single day.

Si me das cinco minutos, puedo predecir el futuro económico que tendrás el resto de tu vida».

BBLR means that if the tax base—that is, the total amount of income, or sales, or property that can be taxed—is kept as large as possible, then the tax rate—that is, the percentage that people have to give to the government—can be kept low. Virtually all economists and tax experts agree that this is the best way to run a tax regime.

The big gorilla of homeowner tax breaks is the deduction for mortgage interest, which reduces income tax revenues by about $100 billion each year. That is, this one tax deduction costs more than the budgets of the departments of Agriculture, Commerce, Energy, the Interior, and the Treasury combined.

Only the richest smidgen of the population had to file a return, and even for them the top tax rate was just 7%.

The income tax burden, he says, should fall more heavily on those who make their money on financial dealing; he says the U.S. system, in which the tax on capital gains is much lower than the tax on wages and salaries, is simply upside-down and thus counterproductive for dealing with the growth of inequality.

If this 80% top marginal rate were applied to earnings over $500,000, Piketty says, the tax regime would help to even out inequality without stunting economic growth. Beyond the income

It's classic: Congress decides to reduce the complexity of our tax code by making it even more complex.

By the mid-1980s, the tax code allowed depletion or depreciation allowances that cut taxes for cement companies, Christmas tree farms, apple orchards, gravel pits, railroad cars, rubber importers, cattle growers, and many, many more. There was even a depreciation allowance for human beings; professional sports teams were allowed to write off their players as "depreciable assets" as they slowed down with age.

of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. History

Prostitution is the supreme triumph of capitalism.

For North, economic collapse is not merely an economic prediction but a theological necessity. It is in the context of this collapse that biblical Christians will come to exercise dominion.

Las "libertades políticas" no son nada sin las libertades o la autonomia económica, sea en el terreno individual, o en el colectivo. En este último, porque en régimen democrático son los grupos en posesión de riqueza quienes controlan la prensa y todos los demás medios de formación de la "opinión pública" y de la propaganda.

We got rich by violating one of the central tenets of economics: thou shall not sell off your capital and call it income. And yet over the past 40 years we have clear-cut the forests, fished rivers and oceans to the brink of extinction and siphoned oil from the earth as if it possessed an infinite supply. We've sold off our planet's natural capital and called it income. And now the earth, like the economy, is stripped.

Political and economic considerations exert pressure on science to answer strictly practical, immediate problems––in some cases by directed funding, in other coercive ways by muzzling scientific findings found to be in contradiction with political and economic agenda.