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Economics Quotes

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Economics Quotes

“American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.”

Years Long Running Sound Money Paper Standards Years Ago Economics Gold Feds Steady Decline Currency Banking Deposits Gold Standard

Author:Llewellyn Rockwell

“In terms of the economics, yes obviously the rise of e-books and how people choose to read books has a big effect on the economics of the game. But whether people are buying them on paper or downloading them there's still some poor wretch in a room who is trying to write a poem, write a story, write a novel. And so my job doesn't change. It's just how people receive it and economic conditions on the ground change, but that doesn't affect what I write.”

People Writing Trying Stills Book Stories Bigs Jobs Games Term Poor Rooms Novel Economic Conditions Effects Paper Economics Buying

Author:Colson Whitehead

“A tip for generalists who try to read economic research papers: If you get to a section that's incomprehensible, don't give up. Just skip to the next section.”

Ifs Giving Trying Next Economic Giving Up Paper Research Economics Sections Papers Don't Give Up Skip Generalists

Author:David Leonhardt

“We might as well reasonably dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.”

Wells Might Values Pieces Cutting Demand Paper Economics Pairs Disputes Blades Scissors

Book:Principles of Economics: Unabridged Eighth Edition

Source: Principles of Economics: Unabridged Eighth Edition

“Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.”

States Paper Economics Paper Money

Book:The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and Writings of the Author

Source: The Works of David Ricardo, Esq., M.P.: With a Notice of the Life and Writings of the Author

“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.”

Ifs Country Body Nations Paper Economics Crash Founding Our Founding Fathers Us Founding Fathers Stumble Upon

Author:George Washington

“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

“Everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper.”

Trying Sex Paper Economics Economist Papers Milton

Author:Robert Solow

“At its heart, this book touches on a mystery of economics: what exactly is happening in our world, and why does it often work so well? As the authors show, apparently messy systems - such as untidy desks - actually exhibit a high degree of order: the piles of paper are close to hand, and the most important documents tend to make their way to the top while un-needed ones sink to the bottom. If the mess works, why mess with it?”