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Economic Quotes

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Economic Quotes

“Money is not a part of the visible sector of the economy; people do not consume money. Money is not a physical factor of production, but rather a yardstick for measuring economic input, economic outtake and the relative values of the real goods and services of the economic world. Money provides a method of measuring obligations, rights, powers and privileges. It provides a means whereby certain individuals can accumulate claims against others, or against the economy as a whole, or against many economies.”

“In what touches their social convictions, most persons do not think. The threat of change, with all it suggests to them in the loss of social and economic privilege, alarms so deeply that they are incapable of unprejudiced thought. They seem to themselves to be thinking, with lucidity and fairness, but since they start from the conviction that change must undoubtedly be for the worse or from settled grief at the thought of losing what is old and lovely, they are doing no more than following a logical sequence of ideas from a false premise.”

“She [Hillary Clinton] knows the people well. I think there is - you know, also talking about breaking down barriers and talking about that, whether we`re talking about that in economic terms. I mean, she`s the only person who has been out there talking about white privilege and talking about sort of the intersectionality of some of these issues.”