Quotes About Economics

Sound money is the sine qua non of a prosperous society.

Tinned food can be cheaper than buying fresh stuff. Things like tinned carrots, tinned potatoes, mushy peas make a good base for a soup.

I think a lot of the people who feel out of step with contemporary society or feel that they've been left back economically or feel disaffected and are drawn to the Republican Party, they are looking for a news source that will tell them something they would like to hear and then is reassuring, emotionally rewarding, and confirming.

The economics of the space industry are changing. Within so called 'NewSpace,' not only are new entrants being created almost daily, the business models and capital sources have proven to be dramatically different from traditional models built upon large government contracts and defence-related spending.

The poorest country in South America, Bolivia, had been devastated by neoliberal economic policies.

When I was growing up in South Korea in the '70s and early '80s, the country was too poor to buy original records. Everything was bootlegged.

You are slowly developing some multinationals of your own. We certainly hope that some of them will look in this direction when they look for opportunities because the progress of Southeast Asia is important to China, just as China's progress is important to us.

The people of the Southern States now own near five millions of these negroes, and they are worth to them near three millions of dollars.

What is very negative is that in every country in Europe, the largest owner of that country's sovereign bonds are that country's banks.

There is only one social system that reflects the sovereignty of the individual: the free-market, or capitalist, system.

The truth is that every trade deal imposes some restriction on sovereignty.

Pau Gasol is extremely popular in Spain. I don't know how much he sells, but I get nothing in Spain. The money goes to the league, and they use it for whatever they choose to use it for to run the league.

It is in the best interest of the rich to preserve poverty.

You can depend upon this much-CAPITALISTIC AMERICA INSURES EVERY PERSON THE OPPORTUNITY TO RENDER USEFUL SERVICE, AND TO COLLECT RICHES IN PROPORTION TO THE VALUE OF THE SERVICE. The System denies no one this right, but it does not, and cannot promise SOMETHING FOR NOTHING, because the system, itself, is irrevocably controlled by the LAW OF ECONOMICS which neither recognizes nor tolerates for long, GETTING WITHOUT GIVING.

The LAW OF ECONOMICS was passed by Nature! There is no Supreme Court to which violators of this law may appeal. The law hands out both penalties for its violation, and appropriate rewards for its observance, without interference or the possibility of interference by any human being. The law cannot be repealed. It is as fixed as the stars in the heavens, and subject to, and a part of the same system that controls the stars.

May one refuse to adapt one's self to the LAW OF ECONOMICS?  Certainly! This is a free country, where all men are born with equal rights, including the privilege of ignoring the LAW OF ECONOMICS. What happens then? Well, nothing happens until large numbers of men join forces for the avowed purpose of ignoring the law, and taking what they want by force.

It is easier to increase profits by cutting the expenses in many cases than it is to increase profits by increasing sales.

Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending

Since the Enlightenment, in the great tension between rationalism (how we would like things to be so they make sense to us) and empiricism (how things are), we have been blaming the world for not fitting the beds of "rational" models, have tried to change humans to fit technology, fudged our ethics to fit our needs for employment, asked economic life to fit the theories of economists, and asked human life to squeeze into some narrative.

The left holds that because markets are stupid models should be smart; the right believes that because models are stupid markets should be smart. Alas, it never hit both sides that both markets and models are very stupid.

Convincing - and confident - disciplines, say, physics, tend to use little statistical backup, while political science and economics, which have never produced anything of note, are full of elaborate statistics and statistical "evidence" (and you know that once you remove the smoke, the evidence is not evidence).

In spite of what is studied in business schools concerning "economies of scale," size hurts you at times of stress; it is not a good idea to be large during difficult times.

Hard science gives sensational results with a horribly boring process; philosophy gives boring results with a sensational process; literature gives sensational results with a sensational process; and economics gives boring results with a boring process.

Mother Nature does not develop Alzheimer's—actually there is evidence that even humans would not easily lose brain function with age if they followed a regimen of stochastic exercise and stochastic fasting, took long walks, avoided sugar, bread, white rice, and stock market investments, and refrained from taking economics classes or reading such things as The New York Times.