“Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.” TryingBigsLastsResultsMistakeEconomyToo MuchHigherLowsEconomicsThreatInvestingRisingInflationBankersPrintingRoller CoasterCoastersBig MistakeHighs And LowsContractions Author:Milton Friedman
“Rock 'n' roll accepted me and paid me, even though I loved the big bands I went that way because I wanted a home of my own. I had a family. I had to raise them. Let's don't leave out the economics. No way.” WayHomeBigsWantedMy OwnRocksBandEconomicsPaidRaisesAcceptedRock N Roll Author:Chuck Berry
“persons, with big wigs many of them and austere aspect, whom I take to be Professors of the Dismal Science… Coining “Dismal Science” as a nickname for Political Economy” PersonsBigsPoliticalEconomyAspectEconomicsProfessorsNicknamesWigsPolitical Economy Author:Thomas Carlyle
“We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it--to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice.” YearsWarCountryProblemBigsGovernmentChoicesLeftAttentionOur LivesHeardEconomicBalanceEconomicsPaidAdversityMovedSouthEastCivil WarReconciliationBig ProblemsVoicelessBalance Of Power Author:Lyndon B. Johnson
“First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.” FirstsBigsDesireTimeThreeEconomicEconomicsStomachMacsInsatiableEconomy And EconomicsBig Mac Author:Douglas Horton
“Economists get very uncomfortable when you talk about virtue and vice. It doesn't lend itself to a lot of columns with numbers. But I would argue that there are big virtue effects in economics. I would say that the spreading of double-entry bookkeeping by the Monk, Fra Luce de Pacioli, was a big virtue effect in economics. It made business more controllable, and it made it more honest.” MadeBigsNumbersVirtueEffectsHonestEconomicsVicesArguingMade ItUncomfortableEconomistMonkColumnsEntryBookkeeping Author:Charlie Munger
“In terms of the economics, yes obviously the rise of e-books and how people choose to read books has a big effect on the economics of the game. But whether people are buying them on paper or downloading them there's still some poor wretch in a room who is trying to write a poem, write a story, write a novel. And so my job doesn't change. It's just how people receive it and economic conditions on the ground change, but that doesn't affect what I write.” PeopleWritingTryingStillsBookStoriesBigsJobsGamesTermPoorRoomsNovelEconomicConditionsEffectsPaperEconomicsBuying Author:Colson Whitehead
“I've always been a big believer in the power of place. I believe that where we are affects who we are when it comes to happiness, spirituality, economics and creative genius.” BelieveBigsSpiritualityI BelieveCreativeGeniusEconomicsBelieverWho We AreCreative Genius Author:Eric Weiner
“One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.” BigsDecisionEnvironmentLessonsEconomicsFunctionBehavioral Economics Author:Dan Ariely
“I don't think all the blame lies with Wall Street. I think a lot of the blame lies with the [George W.] Bush administration. They went back to trickle-down economics. They took their eye off the mortgage market, they took their eye off the finance markets, and we ended up in a big mess.” ThinkingBigsEyeLyingStreetsWallEconomicsBlameFinanceMessAdministrationMortgageTrickle DownTrickle Down Economics Author:Hillary Clinton
“People who know the economy is rigged in favor of big money, people who know that our middle class continues to decline and we have to go outside of establishment politics and economics, people who know that we need to reform a broken criminal justice system and we need comprehensive immigration reform.” PeopleKnowsNeedsBigsJusticeClassEconomyMiddleBrokenEconomicsCriminalsFavorsImmigrationReformMiddle ClassEstablishmentDeclineComprehensiveJustice SystemCriminal JusticeImmigration ReformCriminal Justice SystemRiggedPolitics And Economics Author:Bernie Sanders
“I was always interested in the larger picture, I was pre-law in college, and had a degree in economics. I was very interested in the big question 'how then shall we live?,' how do we organize as a civilization when we are so different, and often don't get along, yet we know at some point we have to unite for the common good? I actually really care about those issues, and I'm driven to understand how it works.” KnowsDifferentBigsCareLawCommonIssuesCollegeCivilizationDegreesEconomicsDrivenOrganizeCommon GoodBig Questions Author:Jay Roach
“If you don't donate to Obama and you're a major corporation like Big Oil, then they're gonna blame you for climate change, destroying the planet and they're gonna get everybody turned against you and hating your guts and so forth, and that's how they operate. That's not how Trump operates. That's not how Mike Pence operates. They understand the simple mathematics of economics.” IfsBigsHateSimplePlanetsTrumpMajorsEconomicsMathematicsBlameClimateClimate ChangeOilCorporationsGutsDestroyingHate YouMikeDonateBig Oil Author:Rush Limbaugh
“Trump is popular, Trump is big precisely because Republican voters are angry at establishment Republicans. And establishment Republicans keep giving these people reason to be mad by continuing to insult them, and by appearing to agree with Democrats on key issues a majority of Americans disagree with, from amnesty to whatever, economics, Obamacare, take your pick.” PeopleGivingReasonBigsIssuesKeysTrumpRepublicanPicksEconomicsAgreeAngryMadMajorityDemocratInsultVotersDisagreeEstablishmentContinuingObamacareAppearingAmnesty Author:Rush Limbaugh
“Big-government economics breeds crony capitalism. It's corrupt, anything but neutral, and a barrier to broad participation in prosperity.” BigsGovernmentCapitalismEconomicsProsperityBarriersBroadsParticipationBig GovernmentCroniesCrony Capitalism Author:Paul Ryan
“All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.” BigsPoliticalPayMoralRichShareFairsEconomicsAngstMelodramaFair ShareCharades Author:Thomas Sowell
“So no, I’m not too big on religion...and not very fond of politics or economics either...And why should I be? They are the man-created trinity of terrors that ravages the earth and deceives those I care about. What mental turmoil and anxiety does any human face that is not related to one of those three?” MenShouldHumansDoeBigsCareEarthFacesThreeAnxietyEconomicsTerrorRelatedDeceivingShould II CareTurmoilTrinityHuman Faces Author:William P. Young
“Voters who live off taxpayers are the Democrats' ace in the hole. The Democrats created big programs and never let the recipients forget it. This gives them an initial advantage of tens of millions of votes in any presidential election.” GivingBigsForgetLibertyMillionsAdvantageProgramEconomicsVoteElectionDemocratLibertarianHolesPresidentialVotersLibertarianismInitialsForget ItTaxpayersPresidential ElectionAces Author:Joseph Sobran
“What would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together - stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government.” ThinkingYearsPersonsLongBigsGovernmentKidsTogetherPoliticalCoursesPoliticsIndividualEconomicsEightDebtSpendingBudgetsFederal GovernmentWrecksPolitics And Economics Author:John Stossel
“The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.” RealPhilosophyBigsPoliticalNationsGrowthEconomicStandardsEconomicsInvestmentRateFactorsSavingProductiveWagesPromotingEconomic GrowthPayoff Author:Paul Samuelson
“There is no easy fix or youth unemployment. Partnership between the public and private sectors can make a big difference.” BigsEasyDifferencesYouthEconomicsPartnershipUnemploymentPrivate Sector Author:Ellen Johnson Sirleaf
“If sustainability is going to take hold in the corporate sector in a big way - and we need it to - it will be when it produces big profits and faster growth. It won't happen because of an optional executive commitment to an abstract concept. It will happen because sustainability is a great business strategy. And it is” IfsWayNeedsBigsHappensGrowthBusinessProduceConceptsCommitmentEconomicsManagementStrategyProfitFasterCorporateAbstractExecutivesSustainabilityOptionalGreat BusinessBusiness Strategy Author:Paul Gilding
“Freedom is messy. In free societies, people will fall through the cracks - drink too much, eat too much, buy unaffordable homes, fail to make prudent provision for health care, and much else. But the price of being relieved of all those tiresome choices by a benign paternal government is far too high. Big Government is the small option: it's the guarantee of smaller freedom, smaller homes, smaller cars, smaller opportunities, smaller lives.” PeopleHomeBigsGovernmentCarePoliticalChoicesFallOpportunityPoliticsToo MuchFailingCarDrinkEconomicsHealth CareGuaranteesCracksProvisionMessyFree SocietyPrudentRelievedBig GovernmentBenignTiresome Author:Mark Steyn
“I just knew that economics had never been my big motivation.” BigsMotivationalMotivationEconomics Author:Leigh Steinberg
“If the US Government was a family—they would be making $58,000 a year, spending $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” IfsYearsStatesBigsGovernmentWould BeAmericaUnderstandingLevelsMoneyCuttingEconomicsCreditDebtSpendingCardsBudgetsUsaProportionHostReducingCredit CardCredit Card DebtEconomic ReformsSpending Cuts Author:Dave Ramsey
“For every mountain there is another one. The big question is if you reach the top of the mountain, what then? What do you do then? I suppose you die.” IfsBigsDiesBusinessMountainEconomicsBig Questions Author:Frank Lowy
“The economics of baseball are the big problem. The big clubs make a lot of money and the little clubs don't.” LittlesProblemBigsMoneyEconomicsBaseballClubsLots Of MoneyBig Problems Author:Fay Vincent
“Taking a look back, one big reqret is, I left Harvard with no real awareness of the awful inequities in the world. The appalling disparities of health and wealth and opportunity that condemned millions of people to the lives of despair. I learned a lot here at Harvard about new ideas and economics, and politics. I got great exposure to the advances being made in the sciences. But humanities greatest advances are not in its discoveries, but in how those discoveries are applied to reduce inequity.” PeopleWorldLooksMadeIdeasRealBigsHumanityOpportunityLeftWealthMillionsAwarenessDespairDiscoveryEconomicsAwfulNew IdeasExposureHarvardDisparity Author:Bill Gates
“You must know the big ideas in the big disciplines, and use them routinely - all of them, not just a few. Most people are trained in one model - economics, for example - and try to solve all problems in one way. You know the old saying: to the man with a hammer, the world looks like a nail. This is a dumb way of handling problems.” PeopleKnowsMenWorldWayTryingLooksIdeasUseProblemBigsExampleHe ManDisciplineModelsEconomicsSolveOne WayDumbNailsHammersOld SayingBig IdeasHandling Problems Author:Charlie Munger