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Quote by Charles Koch

“A market system is not a profit system, it's a profit-and-loss system.”

Quote by Charles Koch

Author

Charles Koch is an American businessman, born on November 1, 1935. He is the founder and CEO of Koch Industries, one of the largest private companies in the United States. Koch Industries operates in various industries, including oil, chemicals, and forest products, and is one of the largest private companies in the world. Koch has achieved great success in the business world, but is also a controversial political donor. more

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“Just Donald Trump's tenor and insulting of people is just beyond the pale.”

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“I've always believed in the saying that "there is no limit to what you can accomplish if you don't care who gets the credit."”

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“Sometimes it is hard to sing and dance at the same time but I would rather be off and be real and genuine about it to my fans.”

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“I don't like the idea of capitalism anyway. Because it's not capital we are talking about; it's knowledge and creating well-being. Because I mean, that gets people on the wrong track when it's capital and how we allocate capital - no. How do we create the Republic of Science in America? How do we have a system of mutual benefits where people succeed by helping others improve their lives? So I don't like that at all.”

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“If somebody is doing more and more to make other people's lives better, have them make all they can, if that's what drives them, because that's what we want.”

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“If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.”

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“Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.”