Quotes About Economics

Turns out that capitalism is unkillable because it kills every other system first.

What matters to me is that I do what I think is right and I see, I'm a numbers guy, that's my attitude. I know we have a debt tsunami coming, we are bankrupting this country and I'm in a position where I can actually advance ideas to prevent that from happening. That's exactly what I should be doing.

I learned a good deal about economics, and about America, from the author of the Reagan tax reforms - the great Jack Kemp. What gave Jack that incredible enthusiasm was his belief in the possibilities of free people, in the power of free enterprise and strong communities to overcome poverty and despair. We need that same optimism right now.

I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.

I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.

Economics has never been a science - and it is even less now than a few years ago.

The great political tugs of the past 35 years have concerned the distribution of the golden eggs. In the 1980's and 1990's we must focus on the health of the goose.

On the contrary, religion, ethics, and society are subservient to 'the market'. In that sense, neo-liberalism is no longer an economic theory, but a much broader ideology.

La Unión Soviética había resultado ser una tierra de pobreza compartida. El comunismo no funcionaba en Rusia tan bien como se esperaba precisamente porque era Rusia. Hubiera funcionado a lo grande en Estados Unidos, pensó Harold. Aquél era el lugar para el comunismo.

Marx himself wrote that capitalism produces above all its own gravediggers. Do you think that perhaps he wasn't talking about capitalism?

Europe is difficult to coordinate, and our main deficit may not even lie in this area of finance and economics, but in foreign and security policy. We have a leadership problem because we are still 27 different members who have still not decided on how to work with each other based on what we used to call a European constitution.

Why does a slight tax increase cost you two hundred dollars and a substantial tax cut save you thirty cents?

I don't want the technology of the 1950s, but I want the free market of the 1950s.

Of the 55 refineries closed in America in the last 10 years, they were all closed for economic reasons, mostly oil company mergers. Not a single one was closed for environmental purposes or objections.

The corporation is the "master", the employee is the "servant". Because the corporation owns the means of production without which the employee could not make a living, the employee needs the corporation more than vice versa.

Business, that's easily defined - it's other people's money.

Economics is dead, and true equality will rise out of the ashes. We've turned our back on materialism, rejected it completely. It has no purpose anymore. Now we can live as we please, develop our minds not our finances.

The truth is that the angels of anxiety — those overpowering forces for change in politics, economics, science, morals, and social policy — were at the same time agents for self-confidence.

It was not the military prowess of the Germani that kept them outside the Empire, but their poverty.11

You are to buy from your neighbor according to the number of years since the last Jubilee; he is to sell to you according to the number of harvest years remaining.

You shall increase the price in proportion to a greater number of years, or decrease it in proportion to a lesser number of years; for he is selling you a given number of harvests.

You must not lend him your silver at interest or sell him your food for profit.

Your menservants and maidservants shall come from the nations around you, from whom you may purchase them.

If a foreigner residing among you prospers, but your countryman dwelling near him becomes destitute and sells himself to the foreigner or to a member of his clan,