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Economics Quotes

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Economics Quotes

“Look, America is no more a democracy than Russia is a Communist state. The governments of the U.S. and Russia are practically the same. There's only a difference of degree. We both have the same basic form of government: economic totalitarianism. In other words, the settlement to all questions, the solutions to all issues are determined not by what will make the people most healthy and happy in their bodies and their minds but by economics. Dollars or rubles.”

Source: Another Roadside Attraction

“I wasn't worth a cent two years ago, and now I owe two million dollars.”

Years Two Humor Millions Years Ago Economics Dollars Investing Debt Two Years Cents Million Dollars Golden Age Two Years Ago Gilded Age Mutual Trust

Book:The Gilded Age: A Tale of To-day

Source: The Gilded Age: A Tale of To-day

“Someone has to borrow every dollar we have in circulation, cash or credit.”

Money Economics Dollars Credit Cash Banking Bankers Monetary Circulation Federal Reserve Central Banks Banking System Monetary System Usury Bankers And Banks Commercial Banks

Author:Robert W. Hemphill

“Getting a traditional pharmaceutical to the market can cost a billion dollars or more. Newer, more tailored and targeted drugs called biologics are even more complex and expensive. Simple economics dictates that companies and venture funds will invest more in products that can generate a sufficient return.”

Simple Company Products Return Cost Drug Economics Dollars Complexes Billions Traditional Sufficient Expensive Fund Venture Pharmaceutical Tailored

Author:David Mixner

“There are people who like photography; there are people who are worrying about what's going to happen with the dollar. They want to get anything that seems hard. I don't know, but I think it's got to do with economics. Now and then you get somebody who buys a picture because he likes it.”

People Thinking Knows Want Hard Seems Happens Worry Photography Economics Dollars Likes Now And Then

Author:Garry Winogrand

“The engineer who counts cost as nothing as compared to the result, who holds himself above the consideration of dollars and cents, has missed his vocation.”

Results Cost Economics Dollars Consideration Cents Engineers Vocation

Author:Coleman Sellers II

“The gang that trashed the town was now back in town to trash it even more and you'll never guess.. they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not.. hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup, J. P. Morgan, AIG and a long list of others.”

“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

“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Ifs Government Values Results Economy Economic Paper Economics Gold Dollars Credit Manage Damage Pounds Tickets Dominant Inflation Calculations Market Economy Cripples Suppliers

Author:Murray Rothbard

“Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark.”

“Do you realize that the 850 billion dollar bank bailout, that sum of money is greater than the entire 50 year running budget of NASA. And so when someone says, 'We don't have enough money for this space probe.' No, it's not that you don't have enough money. It's that the distribution of money that you're spending is warped in some way that you are removing the only thing that gives people something to dream about tomorrow.”

“Economics played a role. Raleighs have gone from six fifty to nine dollars a carton, but there's a three-quarter cent coupon on the back. You can get all kinds of things with them, blenders, everything. I saved up enough one time and got Al Bumbry.”

Kind Enough Three Roles Gone Six Economics Dollars Saved Nine All Kinds Fifty Als Quarters One Time Cents Blenders Raleigh

Author:Earl Weaver

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”