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Economics Quotes

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Economics Quotes

“If the present economic structure can change only by collapsing, then it had better collapse as soon as possible.”

Ifs Economic Economics Structure Collapse

Book:the female eunuch

Source: the female eunuch

“The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.”

Ifs Country Products Percent Economics West Collapse Economist Gross

Book:The Beauty Myth: How Images of Beauty Are Used Against Women

Source: The Beauty Myth: How Images of Beauty Are Used Against Women

“The worst thing that will probably happen-in fact is already well underway-is not energy depletion, economic collapse, conventional war, or the expansion of totalitarian governments. As terrible as these catastrophes would be for us, they can be repaired in a few generations. The one process now going on that will take millions of years to correct is loss of genetic and species diversity by the destruction of natural habitats. This is the folly our descendants are least likely to forgive us.”

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Should Mean Results Liberty Economic Involved Economics Crisis Finals Credit Alternatives Collapse Currency Expansion Avoiding Catastrophe Abandonment

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“And here we encounter the seeds of government disaster and collapse - the kind that wrecked ancient Rome and every other civilization that allowed a sociopolitical monster called the welfare state to exist.”

Kind States Government Liberty Economic Civilization Economics Ancient Seeds Monsters Disaster Welfare Encounters Rome Collapse Welfare State Ancient Rome

Book:The coming breakpoint

Source: The coming breakpoint

“Political leaders in capitalist countries who cheer the collapse of socialism in other countries continue to favor socialist solutions in their own. They know the words, but they have not learned the tune.”

Knows Country Political Liberty Leader Solutions Economics Libertarian Favors Socialism Tunes Cheer Capitalist Collapse Libertarianism Other Countries Socialist Political Leaders

Book:Free to Choose: A Personal Statement

Source: Free to Choose: A Personal Statement

“The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.”

Order Sides Cases Economy Cutting Mystery Effects Source Demand Economics Bases Spending Producers Finance Collapse Severe Ongoing Buyers Side Effects Deflation

Author:Ben Bernanke

“There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

“A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.”

Ifs Doe Causes White Economy Streets Effects Wall Economics Investing Collapse Crash Knuckles Main Street Stock Price

Author:Ben Bernanke

“Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.”

“We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays.”

Knows Long Self Running Political Interest Pay Known Moral Economic Morality Economics Prosperity Conviction Collapse Long Runs Self Interest Builder Practicality

Book:The Essential Franklin Delano Roosevelt

Source: The Essential Franklin Delano Roosevelt

“But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense.”