Quotes About Economics

Inflation is caused by too much money chasing after too few goods.

Asking economists for investment advice is like asking a physicist to fix a broken toilet. Not their field, though sort of related.

It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.

I love free trade. I love the concept of free trade. Everything about it is good. I went to the Wharton School of Finance. They say, Let's go free trade.

Hayek later decided that what really separated him from his friend Keynes was that the latter always believed that certain advanced thinkers (Keynes among them, of course) could skillfully and accurately manipulate the social order to their own ends, without ill effects.

The Universe operates on a basic principle of economics: everything has its cost. We pay to create our future, we pay for the mistakes of the past. We pay for every change we make . . . and we pay just as dearly if we refuse to change.

The Universe operates on a basic principle of economics: everything has its cost. We pay to create our future, we pay for the mistakes of the past. We pay for every change we make Ã¢â'¬Â¦ and we pay just as dearly if we refuse to change. —Guild Bank Annals, Philosophical Register

The Universe operates on a basic principle of economics: everything has its cost. We pay to create our future, we pay for the mistakes of the past. We pay for every change we make . . . and we pay just as dearly if we refuse to change. —Guild Bank Annals, Philosophical Register

The Universe operates on a basic principle of economics: everything has its cost. We pay to create our future, we pay for the mistakes of the past. We pay for every change we make Ã¢â'¬Â¦ and we pay just as dearly if we refuse to change. Guild Bank Annals, Philosophical Register

capitalism may be the unequal distribution of wealth, socialism is the equal distribution of poverty.

What has been made all but impossible by the industrial system is that men and women can attain a livelihood by doing what is both aesthetically and morally sound and economically and practically valid, by a means that allows them both intellectual and spiritual responsibility.

your investments have to produce a rate of return equal to inflation.

Two behavioral economists, Terrance Odean and Brad Barber, examined the individual accounts at a large discount broker over a substantial period of time. They found that the more individual investors traded, the worse they did. And male investors traded much more than women, with correspondingly poorer results.

the public realized that an excess of paper currency creates no real wealth, only inflation.

The largest, longest study of experts' economic forecasts was performed by Philip Tetlock, a professor at the Haas Business School of the University of California–Berkeley. He studied 82,000 predictions over 25 years by 300 selected experts. Tetlock concludes that expert predictions barely beat random guesses. Ironically, the more famous the expert, the less accurate his or her predictions tended to be.

ou could talk about Prohibition, or Hemingway, or air conditioning, or music, or horses, but in the end you had to talk about the stock market, and that was when the conversation became serious.

It is not hard to make money in the market.

I took the book and glanced at the page Guy was reading. I quoted, 'The rich man's substance is the wellspring of the poor man's living.' Ah yes, that theory, that as the rich grow richer their wealth trickles down to the poor like sand. Well, I have been practising law twenty-five years and all I have seen is it trickle ever upwards.

Our politics, economics, advertising, and religions (New Age and Old) are awash in credulity. Those who have something to sell, those who wish to influence public opinion, those in power, a skeptic might suggest, have a vested interest in discouraging skepticism

It is capitalism, not Marxism, that trades in futures.

Capitalism, too, ws forged in blood and tears; it is just that it has survived long enough to forget about much of this horror.

Under capitalism, we are deprived of the power to decide whether we want to produce more hospitals or more breakfast cereals. Under socialism, this freedom would be regularly exercised.

Os que perguntam o que haverá de derrubar o capitalismo costumam se esquecer de que, em certo sentido, isso é desnecessário. O capitalismo é perfeitamente capaz de desmoronar sob o peso das próprias contradições sem sequer um microempurrão de seus oponentes

Para se tornar socialista, é preciso estar razoavelmente bem de vida, tanto no sentido literal quanto no sentido metafórico do termo