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Economics Quotes

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Economics Quotes

“Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.”

“One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.”

Country States Would Be Mistake Responsibility History Power Economic Honesty Capitalism Economics Absolutes Oneself Debt Socialism Taxation Egoism Interference Isolationism

Author:Vladimir Putin

“The greatest decisions I've made in my life are by instinct. I remember when I hired Bill I had a lot of people telling me it was a mistake. But he and I had established a rapport in '96 when he coached the secondary. You need a coach that understands economics, that understands the impact of the salary cap and how to make those difficult decisions that allow you to sustain success over the long term. I don't think there's anyone better than Bill at doing that.”

“The Universe operates on a basic principle of economics: everything has its cost. We pay to create our future, we pay for the mistakes of the past. We pay for every change we make . . . and we pay just as dearly if we refuse to change.”

Ifs Past Universe Pay Mistake Principles Cost Economics Refuse Our Future Basic Principles

Author:Brian Herbert

“Though the poorest Americans voted for Hillary Clinton, many relatively wealthy people voted for Trump and generally it's a mistake to think that economics explains Trump. The US is doing relatively well, the economy has significantly recovered since 2008, unemployment rates are low. I would say rather that his appeal to the working class was cultural: "I'll bring back the kinds of jobs your fathers had," and, by implication, the whiter, simpler post-war world when America had no real economic competition.”

“Many a man in love with a dimple makes the mistake of marrying the whole girl.”

Men Love Whole Girl Fear Mistake Marriage Economics Witty Wedding Funny Marriage Marrying Successful Marriage Dimples Witty Marriage Marrying Someone Marrying Her Love Mistake

Author:Stephen Leacock

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.”

Politics Results Mistake Policy Judging Program Economics Intention April Great Mistakes

Author:Milton Friedman

“We all do no end of feeling, and we mistake it for thinking. And out of it we get an aggregation which we consider a boon. Its name is public opinion. It is held in reverence. Some think it the voice of God.”

Thinking Ends Feelings Names Voice Mistake Liberty Opinion Economic Economics Reverence Public Opinion Voice Of God Boon

Book:Tales, Speeches, Essays, and Sketches

Source: Tales, Speeches, Essays, and Sketches

“Our aim must be to make our successive mistakes as quickly as possible. To speed up evolution.”

Mistake Evolution Economics Aim Speed

Author:Karl Popper

“The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam.”

Source: The Collected Writings of John Maynard Keynes: The general theory and after: pt. 1, Preparation