Quotes About Economics

Every time somebody has thought of relief for the farmer it has been to make it so he could borrow more money. What he needs is some way to pay back. Not some way to borrow more.

It's only socialism if the money goes down, not up.

I can spend your money better than you can.

Money is a way of creating scarcity.

Society can transport money from rich to poor only in a leaky bucket

Money has always been in politics. And I'm not sure you'd want money to be completely out of politics.

If it flies, floats or fornicates, always rent it.. it's cheaper in the long run.

The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.

Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money.

The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.

Nothing so denies a person liberty as the total absence of money.

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.

I think when you spread the wealth around it's good for everybody.

Europeans used to be proud to be the advanced form of democracy. Now they're definitely a little bit ashamed because we are seeing that finally, the bond that we had, it was money.

Samuelson, however, hedged his personal bets - by putting some of his own money in Berkshire Hathaway.

Hence money may be dirt, although dirt is not money.

Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.

Government has no money of its own. All it does is take resources from one group and given them to another.

When Mexicans sneak across the border, they're more apt to carry a bag of pot then they are a fistful of money. Because the pot can be exchanged for money, anywhere in America. Anywhere in the world!

Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically - while bankers strike it rich.

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.

A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.

Because gold is honest money it is disliked by dishonest men.