Quotes About Economics

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.

I'm a free-market economist from years and years back, and I've never veered from that.

To the extent that the Trump administration doesn't like a strong dollar, something has got to give, and just yelling at other countries for devaluing when you're raising rates and they're cutting rates is not going to work.

Yes. I think the anti-Wal-Mart is Costco, which pays much better and has much better health benefits and which is profitable and offers low prices.

In the 1980s, we were advised, why don't you follow Reaganomics or Thatcherite economics. We said, yes, there are good points, let's see how we can fit them in the Indian economy. Every country has its own way of moving forward.

Yes, the United States is still the great meritocracy it's always been; but now, if you aren't brilliant or beautiful or both, there isn't much to do, because they can do it cheaper in Shanghai or Mumbai.

The wool of a thousand sheep in good pasture at the least ought to yield fifty marks a year, the wool of two thousand one hundred marks, and so forth, counting by thousands.

I never liked quantitative easing. It's misunderstood by almost everybody. Flattening the yield curve is not stimulative; flattening the yield curve is anti-stimulative.

Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle.

When yields on corporate bonds are lower than dividends on stocks, that unnerves me.

Let's start with the euro. What on earth were we thinking? How could anyone with the faintest grasp of economics have believed it was anything other than sheer insanity to yoke together diverse national economies such as Greece, Ireland, Germany and Finland under a single exchange rate and a single interest rate?

When I became mayor of New York City, I had a $2.4 billion deficit. And everybody wanted me to raise taxes. I said, 'If I raise taxes, I'll drive people out of New York City, and then I'll be raising taxes again.' So what I did was I cut expenses by 15 percent.

Conspiracies do exist. Probably in this moment in New York there is an economic group making a conspiracy in order to buy three banks. But if they succeed, they are immediately discovered.

New York Democrat Rep. Alexandria Ocasio-Cortez relies on a lot of economic ignorance to get you to believe what's not true could be true.

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.

A billion here, a billion there, and pretty soon you're talking about real money.

Racing has reached the point where it is pricing the young driver, no matter his talent, out of the game.

Just as an individual's ability to delay gratification at a young age is a powerful predictor of future academic and professional achievement, discipline is also central to the long-run economic health of nations.

At a very young age, I fell in love with the idea of being in a restaurant and being surrounded with people around me. I don't think at the time I thought about becoming a chef. I have a bachelor's degree in economics. I never went to a cooking school.

The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder.

Tax credits do not help people get better jobs; in fact, they can create poverty traps that actually disincentivise people from working more hours or finding a better paid job.

Despite the painful changes we have had to make, we continue to believe in the St. Louis market. And we are hoping to add flights, in a careful way, as the economics of our business improve and the demands of the traveling public in St. Louis become clear.

As Chief Secretary to the Treasury, my first responsibility is to the taxpayer.

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.