Quotes About Economics

People's position on immigration, once they get "sophisticated," and they rise to the higher levels of commentary or government, it's usually determined solely by economics. And not by anything else.

Free trade, one of the greatest blessings which a government can confer on a people, is in almost every country unpopular.

Let me tell you, that's what taxation is - it's confiscation. It's your money, it's not the government's money. But the government makes you think that it all comes from them.

Once you get the government involved in agriculture you'll have nothing but problems and expenses.

Try telling a Cuban: 'You should pay higher rent, or pay for your own healthcare' ... There is no serious opposition to the current government.

The alternative to the market process is government control, and we know where that principle leads.

The supply of government exceeds the demand.

Socialism is not a meritocracy. By definition it places increasingly confining restraints on those that succeed the most.

Sadly, in the highest levels of economic thought in government, questions are not tolerated. It is as if we're dealing with the binary thinking of a fundamentalist religion.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

Don't invest in pieces of papers (stocks), invest in great businesses underlying them

Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society.

I think actually in any party it's a sign of general health to have different views, and especially on the subject of trade.

General Motors spends more on health care than steel.

The best way to help the poor is to slash taxes and allow savings, investment, and creation of jobs to proceed unhampered.

If you really want to help the poor, help the rich. They're the ones who will invest, build more factories, create more jobs.

It would help the poor people who need jobs. Minimum wage is a mandate. We're against mandates so why should we have it? It would be very beneficial.

My message to David Cameron, as the head of our government, is to seriously think again about this Robin Hood tax, the tax to help the poor by taking a little bit from the rich.

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

If you don't own Gold, you know neither history nor economics.

History has taught us that freedom cannot long survive unless it is based on moral foundations. You can get the economics right, but in addition liberty must be cultivated as a moral quality.

As history has repeatedly proven, one trade tariff begets another, then another - until you've got a full-blown trade war. No one ever wins, and consumers always get screwed.

If we learn anything from the history of economic development, it is that culture makes all the difference.

Much of the profession is empirically bankrupt because it is no longer taught economic history.