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Economics Quotes

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Economics Quotes

“I put forward a budget of what I called "middle-class economics" that continues to be fiscally prudent but makes necessary investments for us to continue the economic momentum and job growth.”

Jobs Growth Class Economic Middle Economics Investment Budgets Middle Class Momentum Prudent Job Growth

Author:Barack Obama

“The author brings to the table a healthy skepticism of the conventional wisdom, an admirable ability to separate fact from fancy, and an undisguised repugnance for the mumbo-jumbo that's the curse of so much commentary on anything to do with economics or investment. A World of Wealth is not only a lively read, but an exceptionally enlightening and rewarding one to boot.”

World Facts Wealth Ability Healthy Economics Tables Investment Curse Fancy Boots Conventional Skepticism Enlightening Admirable Lively Commentary Conventional Wisdom

Author:Alan Abelson

“Our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve -- and I believe this can be done -- a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

“Our new economic approach is rooted in ideas which stress the importance of macro-economics, post neo-classical endogenous growth theory and the symbiotic relationships between growth and investment, and people and infrastructure.”

People Ideas Growth Economic Theory Approach Economics Importance Stress Investment Posts Rooted Infrastructure Macro

Author:Gordon Brown

“Anything that we can do to raise personal savings is very much in the interest of this country.”

Country Philosophy Political Interest Can Do Economics Raises Investment Saving Savings

Author:Alan Greenspan

“I mean, these good folks are revolutionizing how businesses conduct their business. And, like them, I am very optimistic about our position in the world and about its influence on the United States. We're concerned about the short-term economic news, but long-term I'm optimistic. And so, I hope investors, you know - secondly, I hope investors hold investments for periods of time - that I've always found the best investments are those that you salt away based on economics.”

“However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.”

“Finding a single investment that will return 20% per year for 40 years tends to happen only in dreamland. In the real world, you uncover an opportunity, and then you compare other opportunities with that. And you only invest in the most attractive opportunities. That's your opportunity cost. That's what you learn in freshman economics. The game hasn't changed at all. That's why Modern Portfolio Theory is so asinine.”

World Years Real Happens Opportunity Games Modern Changed Theory Return Cost Findings Economics Investment Compare Attractive Real World Portfolios Freshman Dreamland Opportunity Cost

Author:Charlie Munger

“Life is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing.. those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.”

Life I Can Life Is Interest Business Known One Thing Program Economics Investment Rate Planning Uncertainty Guarantees Retiring More Money Earning Inflation

Book:Making Money Made Simple: The Aim of This Book Is to Cover the Essentials of Money, Investment, Borrowing and Personal Finance in a Simple Way

Source: Making Money Made Simple: The Aim of This Book Is to Cover the Essentials of Money, Investment, Borrowing and Personal Finance in a Simple Way

“[Donald] Trump and all the Republicans believe in the theory of trickle down economics which is a theory discredited even by the author himself David Stockton. The theory suggests that if we take care of the people at the top, if we cut taxes for the wealthy, if we make sure they are doing really well, then the investments that they make in the economy and the jobs that will create, will make everything grow and it will have a trickle down effect on the rest of us.”

People Ifs Believe Wells Care Jobs Grows Economy Cutting Effects Theory Trump Republican Taxes Economics Investment Take Care Wealthy Trickle Down Trickle Down Economics

Author:Debbie Wasserman Schultz

“One of the jewels in the crown of Labour's time in office was the rescue of the National Health Service. As the Commonwealth Fund, the London School of Economics and the Nuffield Foundation have all shown, health reforms as well as additional investment were essential to improved outcomes, especially for poorer patients.”

Wells School Essentials Office Economics Foundation Investment Patient London Reform Outcomes Labour Fund Rescue Crowns Jewels Commonwealth Health Services Health Reform

Author:David Miliband

“If all the economists were laid end to end, they'd never reach a conclusion.”

“As a child, I had no idea that I would end up in the film industry. My ambitions changed from wanting to join the army like my grandfather to taking up merchant navy as a career to running for India, and finally, investment banking while I was a student of economics honour. But during my college days, I began to get offers for modelling.”

“It turns out that advancing equal opportunity and economic empowerment is both morally right and good economics. Why? Because discrimination, poverty and ignorance restrict growth. We know that investments in education, infrastructure and scientific and technological research increase growth. They increase good jobs, and they create new wealth for all of us.”

“Investment is a flighty bird which needs to be controlled.”

Needs Bird Economics Investment Controlled

Author:Sir John Richard Hicks

“I expect to see the State, which is in a position to calculate the marginal efficiency of capital-goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organizing investments.”

Long States Philosophy Political Social Views Responsibility Greater Position Advantage Economics Bases Investment Goods Efficiency

Book:Keynes and Public Policy After Fifty Years: Theories and method

Source: Keynes and Public Policy After Fifty Years: Theories and method

“I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.”

“One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.”

“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.”

Real Philosophy Bigs Political Nations Growth Economic Standards Economics Investment Rate Factors Saving Productive Wages Promoting Economic Growth Payoff

Author:Paul Samuelson

“I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.”

“Never invest in a business you can't understand”

Business Economics Management Investment Investing Investors Buffets Best Investment

Author:Warren Buffett

“The most valuable of all capital is that invested in human beings”

People Humans Human Beings Money Economics Investment Investing Valuable

Book:Principles of Economics: Unabridged Eighth Edition

Source: Principles of Economics: Unabridged Eighth Edition