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Economics Quotes

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Economics Quotes

“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.”

“It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.”

Years Two Sides Economic Republican Taxes Hundred Economics Paid Bills Clinton Raised Debt Twelve Expansion National Debt Supply Side Economics

Book:Straight Talk from the Heartland: Tough Talk, Common Sense, and Hope from a Former Conservative

Source: Straight Talk from the Heartland: Tough Talk, Common Sense, and Hope from a Former Conservative

“Rock 'n' roll accepted me and paid me, even though I loved the big bands I went that way because I wanted a home of my own. I had a family. I had to raise them. Let's don't leave out the economics. No way.”

Way Home Bigs Wanted My Own Rocks Band Economics Paid Raises Accepted Rock N Roll

Author:Chuck Berry

“We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it--to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice.”

“Berkshire's whole record has been achieved without paying one ounce of attention to the efficient market theory in its hard form. And not one ounce of attention to the descendants of that idea, which came out of academic economics and went into corporate finance and morphed into such obscenities as the capital asset pricing model, which we also paid no attention to. I think you'd have to believe in the tooth fairy to believe that you could easily outperform the market by seven-percentage points per annum just by investing in high volatility stocks.”

“People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.”

People Knows Littles Running Economics Paid Medicine Certainty Corporations Modest Indignation Multinationals Multinational Corporations

Author:Thomas Sowell

“And with the Occupy Movement, it's really ironic how the police come as representatives and enforcers of the powers that be, even though the people in the Occupy Movement are really on their side - not in terms of their behavior, but in terms of their economic status, in terms of who the police are in society and how much they're paid, and if you boil it down to the economics of it, the police should be out there marching with the Occupy Movement.”

People Ifs Should Sides Term Economic Movement Behavior Economics Paid Police Ironic Representatives Occupy Movement Economic Status

Author:Oren Moverman

“Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.”

Liberty Taken Magic Citizens Economics Gold Paid Libertarian Accomplished Fund Libertarianism Miraculous Wands Magic Wands

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“There is economics in biology, nothing is free, everything has to be paid for, there are costs as well as benefits to everything in life, for example, there was never sufficient natural selection pressure to develop better eyes, individuals could earn other things like smiley smiles rather than waste energy & time on better eyes.”

Wells Eye Individual Energy Natural Example Cost Waste Benefits Economics Paid Pressure Sufficient Biology Selection Natural Selection Smiley

Author:Richard Dawkins

“The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.”

Ifs Needs Reason Philosophy America Political President Pay Economics Paid Raises Bills Debt Ceilings Debt Ceiling

Author:Peter Schiff

“Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer? A real engineer build bridges, a financial engineer build, build dreams. And when those dream turn out to be nightmares, other people pay for it.”

People Should Real Philosophy Dream Political Turns Pay Four Hundred Economics Paid Financial Bridges Nightmare Engineers

Author:Andrew Sheng