Quotes About Economics

In a sense, there are as many forecasting methods as there are forecasters. But I would argue that most projections are derived from two major methods: macro-econometric models and eclectic judgment.

Now, if you're Al Gore, you can afford $10 a pop for squiggly-pig-tailed fluorescent light bulbs. But if you're mainstream America, two or three kids, mom and dad working outside the home, that's not a very good deal.

First, I think the science of monetary economics has clearly gotten better.

There are limits to monetary policy.

It's all about the money.

The thing that differentiates man from animals is money.

Money differs from an automobile or mistress in being equally important to those who have it and those who do not.

The most efficient labor-saving device is still money.

No complaint... is more common than that of a scarcity of money.

Bank failures are caused by depositors who don't deposit enough money to cover losses due to mismanagement.

How do you make money? Spinoffs, split-ups, liquidations, mergers and acquisitions.

Nothing except the mint can make money without advertising.

Competition drives growth in the end as opposed to monopolies.

How come there's only one Monopolies Commission?

Amazon is not a monopoly or a monopsony, and even if it were, that by itself isn't illegal.

Free markets, hard work, and morality will benefit blacks and all Americans.

The policies the Left wants to push are both morally and financially bankrupt.

Markets need morals.

Basically, if you believe in Moore's Law, and you believe that hosting is going to become more and more commoditized over time, not being a host is a good idea.

Traditionally, the way deficits have been cut is you hold expenditures more or less constant in real dollars and then let growth come in to fill it up.

As more people live longer, we can expect there to be additional costs for society.

I always like to say, Bill Clinton created more millionaires and billionaires than any president, but you know what, more people moved out of poverty. Middle-class income - all-time high.

Sin importar cuánto deseemos organizar todo de manera racional, sin desperdicios, ni cuán apasionada y cuidadosamente deseemos colocar todos los ladrillos de la estructura económica, sin grietas en la argamasa, esto continúa escapando a nuestras posibilidades.

Los incentivos son relevantes porque la mayoría de las personas tienden a hacer más por su beneficio que por el beneficio de otros. Los incentivos hacen que ambas consideraciones coincidan. Una camarera nos sirve comida no porque tengamos hambre, sino porque su salario y propinas dependen de ello. Ante la ausencia de estos incentivos, el servicio en los restaurantes de la Unión Soviética era notoriamente malo.