Quotes About Economics

The question to be asked - the danger to be recognised - is how inflation, however caused, affects a nation: its government, its people, its officials, and its society. The more materialist that society, possibly, the more cruelly it hurts.

By contrast, the peasantry (two-thirds of the population) on the whole viewed it all with indifference as they were always able to sell their produce at something close to the world market price: possibly they were better off than any similar body in Europe.

in communism, you'd threaten a dog into compliance, while in capitalism, obedience is obtained through bribes.

One assiduous historian has recently estimated that approximately 170,000 slaves were introduced into North America between 1783 and 1810, with more than 100,000 of these arriving in the first decade of the nineteenth century.

Man, an animal that makes bargains.

No complaint... is more common than that of a scarcity of money.

Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.

The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.

Labor was the first price, the original purchase-money that was paid for all things. It was not by gold or by silver, but by labor, that all wealth of the world was originally purchased.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love.

The uniform, constant, and uninterrupted effort of every man to better his condition... is frequently powerful enough to maintain the natural progress of things toward improvement, in spite of the extravagance of government, and of the greatest errors of administration.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages

Wherever there is great property, there is great inequality.

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

importance of the interaction of interest rate and exchange rate movement see B. S. Bernanke, "Federal Reserve Policy in an International Context," IMF Economic Review 65.1 (2017), 5–36.

Geithner went to the well-connected investment bank Warburg Pincus. Bernanke advises the Citadel hedge fund and chaired an advisory board for the giant PIMCO bond fund, owned by Allianz of Germany, which also included as its members Jean-Claude Trichet and Gordon Brown as well as Anne-Marie Slaughter of the Obama foreign policy team.34 It was like a mini reunion of 2008 crisis fighters.

They forget that government revenues derive from confiscation, rather than production.

The New Dealers have all left Washington to make way for the car dealers.

No improvement can be brought about until it is understood that economics play one a second- or third-rate role, while the primary factors are politics, morality, and blood. Only when this is understood will it be possible to understand the causes of the present evil, and thus to find the ways and means of curing them.

A state has never arisen from peaceful economic means, but always from the instinct to maintain the species--whether this instinct manifest itself in the heroic sphere, or in that of cunning craftiness. In the first case, we have the Aryan states, based on the principles of work and culture. In the second case, we have the Jewish parasitic colonies.

You can't multiply wealth by dividing it

You can't make the poor rich, by making the rich poor

Capitalism is not so much an aberration as a step on an evolutionary path, and one that contains within it some of the answers to its own contradictions.

But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.