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Economics Quotes

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Economics Quotes

“I use throughout the term 'liberal' in the original, nineteenth-century sense in which it is still current in Britain. In current American usage it often means very nearly the opposite of this. It has been part of the camouflage of leftish movements in this country, helped by muddleheadedness of many who really believe in liberty, that 'liberal' has come to mean the advocacy of almost every kind of government control.”

“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”

“Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.”

Ifs Giving School Sound Money Economics Currents Reform Cycles Cheer Reserves Replaced Economist Banking Inflation Central Banks Bailouts

Author:Llewellyn Rockwell

“I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.”

“Long run is a misleading guide to current affairs. In the long run we are all dead.”

Long Running Economics Affair Currents Guides Long Runs Economist Mislead Current Affairs Future Planning

Author:John Maynard Keynes

“There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.”

Hands Political Politics Grows Economy Growing Economics Currents International Relations Political Systems Global Economy Disparity Dichotomy

Author:Walter Wriston

“Children are prepared for democracy by being led to discuss current events without first learning the systematic subjects (politics, economics, history) which are necessary in order to discuss them. The Mole effect is to substitute slogans and superficial opinion for considered individual thought. And the opinion is that of the lowest common denominator of the group.”

“This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.”

Ifs Long Running Past Science Death Easy Ocean Economics Tasks Seasons Affair Currents Storm Guides Useless Flats Long Runs Economist Mislead Current Affairs

Author:John Maynard Keynes

“Men have been taught that it is a virtue to agree with others. But the creator is the man who disagrees. Men have been taught that it is a virtue to swim with the current. But the creator is the man who goes against the current. Men have been taught that it is a virtue to stand together. But the creator is the man who stands alone.”

Men Has Beens Together Liberty Virtue Society Economic Taught He Man Economics Agree Currents Creator Insane Insanity Swim Disagree Stand Alone Fountainhead

Book:The Ayn Rand Lexicon: Objectivism from A to Z

Source: The Ayn Rand Lexicon: Objectivism from A to Z

“Among the current discussions, the impact of new and sophisticated methods in the study of the past occupies an important place. The new 'scientific' or 'cliometric' history-born of the marriage contracted between historical problems and advanced statistical analysis, with economic theory as bridesmaid and the computer as best man-has made tremendous advances in the last generation.”

Source: Which Road to the Past?: Two Views of History

“Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful”

People Made Matter Values Powerful Numbers Economy Havens Taste Economics Structure Currents Believer Justify Pretending Astrology Fervent

Book:Red Mars

Source: Red Mars

“The current disfavor into which socialism has fallen has spurred.... the frenzy to proclaim oneself a liberal. Many writers today have recourse to the strategem of inventing for oneself a liberalism according to one's own tastes and passing it off as an evolution from past ideas.”

Ideas Philosophy Today Past Political Evolution Taste Economics Oneself Currents Socialism Passing Passings Fallen Liberalism Inventing Frenzy Recourse Passing It

Author:Ralph Raico

“From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial 'boom' followed by a recession or depression when the Fed-created bubble bursts.”

“Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela.”

Years States Use Given Economy Economics Dollars Currents Russia Finance Iran Quarters Recycling Venezuela

Author:T. Boone Pickens

“This is a timely and relevant initiative. The environmental challenges facing Singapore and the region are becoming more complex. Tackling them will require inter-disciplinary approaches combined with a good understanding of science, economics and governance aspects. The NUS Bachelor of Environment programme will fill a much needed gap in the current framework. NEA is pleased to be a partner to this programme.”

“What would it mean if there were a theory that explained everything? And just what does "everything" actually mean, anyway? Would this new theory in physics explain, say the meaning of human poetry? Or how economics work? Or the stages of psychosexual development? Can this new physics explain the currents of ecosystems, or the dynamics of history, or why human wars are so terribly common?”

Ifs Humans Mean Doe War Common Stage Theory Development Economics Historical Currents Physics Ecosystems Dynamics

Book:A Theory of Everything: An Integral Vision for Business, Politics, Science and Spirituality

Source: A Theory of Everything: An Integral Vision for Business, Politics, Science and Spirituality

“Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.”

World Eye Order Reading Economic Events Economics Financial Currents Various Around The World Discovering Economist Geopolitics Facets Current Events

Author:Kurt Bills