Quotes About Economics

Maturity transformation is a central part of the economic function of banks and many other types of financial intermediaries.

I didn't fit the typical profile of a trader. I was an English major working on a novel at night. Most everyone else was a maths or economics major; most everyone else had relatives or family in banking.

I grew up in an area that was the typical city that was a racially divided and economically segregated place. And it had a big influence on me.

One of the ugly secrets of the renewable-energy industry is that its products make no economic sense unless they are highly subsidized.

Government is the ultimate monopoly. And monopolies, as any economist will tell you, often breed complacency and a lack of innovation.

What is so terrible about transaction costs? On what basis are they considered the ultimate evil, so that their minimization must override all other considerations of choice, freedom, and justice?

The ultimate arbiters of the models of banking and the management of banking are the investors. It's the shareholders.

Praxeology - economics - provides no ultimate ethical judgments: it simply furnishes the indispensable data necessary to make such judgments.

I think everyone should sell whatever product they want to sell for whatever price they want to sell it for, but ultimately the market will dictate what it is and people will have to charge less money for everything. Record companies have been overcharging people for way too long and now this is the trouble that they're in.

Anything scarce will ultimately be tokenized because the benefits of digitization and increased liquidity are so great.

It's crucial to keep in mind that the hundreds of millions of dollars now spent on prescription drug advertisements are ultimately paid for by consumers in the form a higher drug prices.

The value of a currency is, ultimately, what someone will give you for it - whether in food, fuel, assets, or labor. And that's always and everywhere a subjective decision.

When food prices surge, poor families suddenly find themselves unable to afford enough nutritious food. If this happens during the first thousand days of a child's life, the damage to his or her body and mind can be permanent.

Interest rates do not have to be identical across the whole euro area, but it is unacceptable if major differences arise from broken capital markets or concern about a euro area break-up.

Too many people on the Left think that, when you move a chunk of money away from people for entitlements, that the money magically reappears and that discretionary spending will be unaffected.

So many of the great thought leaders that have shaped economics - Gary Becker, Milton Friedman - what an unbelievable success story they've had in their field.

I'm no financial expert. I scarcely know what a coin is. Ask me to explain what a credit default swap is, and I'll emit an unbroken 10-minute 'um' through the clueless face of a broken puppet. You might as well ask a pantomime horse.

Economically considered, war and revolution are always bad business.

Armaments; extremely useful for fighting wars, a deadweight in any civil economy.

War on the cheap is always a rotten policy.

I guess if people couldn't profit from war I don't think there would be war.

War is capitalism with the gloves off and many who go to war know it but they go to war because they don't want to be a hero.

So-called "progressives" actively wage war on progress. . . . Ultimately, progressives are at war with mass prosperity.

Climate change is a result of the greatest market failure the world has seen...We risk damages on a scale larger than the two world wars of the last century.