Quotes About Economics

We need to shift from an economic organizing principle for human civilization, to a humanitarian organizing principle. Making money more important than your own children is a pathological way for an individual to run their affairs, and it's a pathological way for a society to run its affairs.

I have noticed that everyone who has ever tried to tell me that markets are efficient is poor.

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already.

Finance is a slave's word.

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

The most productive system of finance will always be the least burdensome.

Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.

Form follows finances instead of function.

There is no escape from the vast imbalances in international trade and finance. They will be corrected, sooner or later, by the inexorable principles that govern human action.

Finance ministers must realize that the health budget can save them money if it's applied well.

Raising interest rates is voo-doo. You can't deal with a global system problem by trying to solve it with this.

Finance is the art of passing currency from hand to hand until it finally disappears

Monetary policy does not work like a scalpel but more like a sledgehammer.

The world's population will multiply more rapidly than the available food supply.

The world is hung up on food-based biofuels. Not only are they the wrong thing, they're the uneconomic thing.

The world's biggest problem is the unequal distribution of capitalism. If there were capitalism everywhere, you wouldn't have food shortages.

The average family earning minimum wage spends 141 percent of their income struggling to meet basic needs - food, shelter, clothing.

The average family pays more in taxes than it spends on food, clothing, and shelter combined.

The production of fuel from basic food commodities is, in fact, unjustifiable.

much agricultural land which might be growing food is being used instead to 'grow' money (in the form of coffee, tea, etc.).

Our food system takes abundant grain,which people can't afford,and shrinks it into meat,which better-off people will pay for.

The way we subsidize food makes it cheaper to go to McDonald's and get a hamburger than a salad, and that's insane. It's pure government policy.

Sometimes the lack of substantive freedoms relates directly to economic poverty

Political freedom cannot exist without economic freedom; a free mind and a free market are corollaries.