Quotes About Trade-offs

Welcome to the wonderful world of economics. Everything precious in life has a cost.

The user's going to pick dancing pigs over security every time.

A speaker is like a lousy auto mechanic: Every time he fixes something in the language, he screws up something else.

Reality has taught us that no woman can build an honest life without sacrificing something along the way. Deciding what will be sacrificed is not easy.

As an economist, I'm aware that life is full of trade offs.

What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.

Whenever serious sickness or injury strikes and your body or mind breaks down, the vital questions are the same: What is your understanding of the situation and its potential outcomes? What are your fears and what are your hopes? What are the trade-offs you are willing to make and not willing to make? And what is the course of action that best serves this understanding?

Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise.

Idealism is fine, but as it approaches reality, the costs become prohibitive.

The EU has made it very clear that for frictionless trade and no tariffs on goods there is a mechanism for achieving that, but there are consequences. There are trade-offs that will have to happen.

People place too much emphasis on their out-of-pocket expenses (what they have to pay now) and too little value on opportunity costs (what they miss by not taking an action).

It's those difficult times that inform the next wonderful time, and it's a series of trade-offs, of events, of wins and losses.

One man's wage increase is another man's price increase.

I put my career in second place throughout both my marriages and it suffered. I don't regret it. You make choices. If you want a good marriage, you must pay attention to that. If you want to be independent, go ahead. You can't have it all.

As its name implies, an even swap increases the value of an alternative in terms of one objective while decreasing its value by an equivalent amount in terms of another objective. In essence, the even swap method is a form of bartering—it forces you to think about the value of one objective in terms of another.

Decisions with multiple objectives cannot be resolved by focusing on any one objective.

Its place is in the shady world of political trade-offs and vacillating leaders and institutions hell-bent on survival.

But I have learned that you make your own happiness, that part of going for what you want means losing something else. And when the stakes are high, the losses can be that much greater.

She is an immense presence in the world. Tragedy and strength have so perfectly coalesced in her, as if one fed off the other. When she cries, it is not out of sorrow but out of a complex mass of emotions that address the trade-offs of life, the risks and the inevitable losses. Joy and sadness are two sides of the same thing.

Every time there is a recession, consumers will typically be more cautious, more conservative, take more time, and make more serious price-performance trade-offs.

We call the fates of the Titanic and the Concordia - as well as those of the space shuttles Challenger and Columbia - 'accidents.' Foreseeing such undesirable events is what engineers are expected to do. However, design trade-offs leave technological systems open to failings once predicted, but later forgotten.

Making a movie takes a toll on your life because it's a commitment, so you put a lot on the back burner.

but I recognize the distinction between work that matters to me and work that doesn't, and the difference has defined the choices I've made in my career. What I've sacrificed in income has been compensated for in things money can't buy.

No one can have it all, at the same time. I've never seen that.