Quotes About Economics

Is it really true that political self-interest is nobler somehow than economic self-interest?

The second truism that we must understand is that poverty does not create our social problems, our social problems create our poverty.

One truism of federal budgeting is that growing deficits force difficult spending decisions, and when they do, programs to help the poor are usually first on the chopping block.

My hope that Thatcher would inadvertently bring about a new political revolution was well and truly bogus. All that sprang out of Thatcherism were extreme financialisation, the triumph of the shopping mall over the corner store, the fetishisation of housing and Tony Blair.

'The General Theory' was not truly revolutionary at all but merely old and oft-refuted mercantilist and inflationist fallacies dressed up in shiny new garb, replete with newly constructed and largely incomprehensible jargon.

Establishment idiots say the Trump tax cuts only helped the rich. Don't they understand anything about economics?

JFK and Reagan's growth model included tax cuts and a steady dollar. Trump has taken a gigantic step toward restoring prosperity with his tax-cut-centered fiscal policy.

The diminishing economic role of the United States in the global economy means that global political power will also become more dispersed. The world will become multipolar. By clumsily re-asserting a wish for U.S. dominance, Donald Trump is accelerating the opposite.

I support free trade, and so does Donald Trump.

I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.

Stop trusting neo-liberal theories, and realize what happens when neo-liberals take over.

Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality. Bankers dream like other men, the only difference being that when their dreams turn to nightmares, we all lose sleep. There can be no trusting the muttering of any prelate when it comes to money.

The truth of anything doesn't matter anymore. What's right doesn't matter. What makes economic common sense doesn't matter. I'm blue in the face over it.

The sad truth is that many behavioral economists know very little about psychology.

The truth is a mayor can actually do very little to alter the course of a huge city run by the free market that is home to banking - the engine room of capitalism.

The truth is that the free movement of goods, people, and money that developed under British hegemony between 1870 and 1913 - the first episode of globalization - was made possible, in large part, by military might rather than market forces.

The truth is that as we move forward, if one side says we can't raise any taxes on anybody or any interest, and the other side says we can't cut anything, we're obviously not going to make progress on this. And our interest is in making progress on this.

Obama seems to want to do something to damage rich people.

The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.

If I could direct it [films] I would be very happy. But the economics of business don't always allow you to do what you want.

The Economic Problem...the problem of want and poverty and the economic struggle between classes and nations, is nothing but a frightful muddle, a transitory and unnecessary muddle.

The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.

A nation is not a budget, no matter how much ideologues want it to be so.

You can tax the rich all you want. The problem is there aren't enough of the rich.