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Economics Quotes

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Economics Quotes

“The use of force is easy to rationalize in terms of basic economics. 'We should make them PAY for what they've done!' It's just the law of demand: raise the price of crossing us, and fewer people will cross us. Make the price another Hiroshima, and perhaps the quantity demanded will fall to zero.”

People Should Done Use Law Fall Force Easy Term Pay Demand Economics Crosses Raises Zero Fewer Quantity Crossings Hiroshima Rationalize Use Of Force

Author:Bryan Caplan

“Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.”

World Needs Looks Ends Hard Might Easy Waiting Gone Knowing Psychology Economics Harder Sells Investing Psychological Analysis Makeup Intersections Valuation

Author:Seth Klarman

“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

“It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.”

Ifs Easy Pay Liberty Economic Cost Economics Libertarian Compassionate Libertarianism

Book:Review of Austrian Economics, Volume 8

Source: Review of Austrian Economics, Volume 8

“Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.”

Way Littles Facts Form Easy Results Known Economic Example Theory Economics Complexes Bones Physics Mathematical Interpretation Economic Theory

Book:The Collected Writings of John Maynard Keynes: Essays in biography

Source: The Collected Writings of John Maynard Keynes: Essays in biography

“It is easy to be compassionate with other people's money”

People Easy Economics Compassionate

Author:John Atherton

“After getting the first hundred pounds, it is more easy to get the second.”

Firsts Easy Hundred Economics Pounds Easy To Get

Book:The autobiography of Benjamin Franklin

Source: The autobiography of Benjamin Franklin

“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.”

“There is no easy fix or youth unemployment. Partnership between the public and private sectors can make a big difference.”

Bigs Easy Differences Youth Economics Partnership Unemployment Private Sector

Author:Ellen Johnson Sirleaf

“Cost-effective, attractive to business partners, environmentally friendly, easy access to a wide range of guidance and support - it makes good business sense to implement and maintain a robust and effective environmental management system”

“Somehow, when everything is too easy it's not necessarily the right recipe for success”

Easy Business Economics Management Recipes Recipe For Success

Author:Debbie Moore