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Economics Quotes

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Economics Quotes

“President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.”

Long America Sides Growth President Term Economic Policy Taxes Essentials Understood Economics Spending Long Term Economic Policy President Reagan Supply Side Economics

Author:Bob Beauprez

“The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. That's what's so wonderful about it. But that's the last thing that the state corporate system wants. It is spending huge sums to prevent that.”

Ifs Want States School Lasts Purpose Choices Courses Wonderful Huge Economics Spending Rational Advertising Consumers Corporate Graduates Graduate School

Author:Noam Chomsky

“It would take little more than $50 billion to raise every poor person above the official poverty line, yet the percentage of the population classified as poor hardly budges, while annual welfare spending amounts to four times that much. Where's the money going?”

Littles Persons Lines Poor Poverty Four Amount Economics Raises Population Corruption Spending Billions Welfare Officials Percentages Annuals

Author:Robert Higgs

“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending”

Thinking Problem Economics Crisis Addiction Greed Debt Spending Cures Substance Experts Economist Banking Bankers Sucker Debt Crisis

Book:The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms

“capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.”

Made Country Results Waste Economics Trade Notion Excuse Spending Saving Substance Decrease Extravagance Spendthrift

Book:Political Economy for Beginners

Source: Political Economy for Beginners

“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.”

“Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money.”

“Well, I feel that we're kind of fortunate that this book gives the whole world a lesson in economics and how to get out of the mess that we're all in. It's basic message is to try and stop spending as much and try to release some of your assets to pay off your debt.”

World Giving Feels Trying Wells Kind Book Whole Pay Lessons Messages Economics Debt Spending Whole World Release Mess Fortunate Assets

Author:Jerry Bruckheimer

“The trickle-down theory of economics has it that it's good for rich people to get even richer because some of their wealth will trickle own, through their no doubt lavish spending, upon those who stand below them on the economic ladder. Notice that the metaphor is not that of a gushing waterfall but of a leaking tap: even the most optimistic endorsers of this concept do not picture very much real flow, as their language reveals" pg. 102.”

People Real Language Wealth Rich Doubt Economic Theory Concepts Economics Flow Metaphor Spending Optimistic No Doubt Ladders Rich People Waterfalls Trickle Down

Author:Margaret Atwood

“The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”

“Conservatives and liberals are kindred spirits as far as government spending is concerned. First, let's make sure we understand what government spending is. Since government has no resources of its own, and since there's no Tooth Fairy handing Congress the funds for the programs it enacts, we are forced to recognize that government spending is no less than the confiscation of one person's property to give it to another to whom it does not belong - in effect, legalized theft.”

“What would you think of a person who earned $24,000 a year but spent $35,000? Suppose on top of that, he was already $170,000 in debt. You'd tell him to get his act together - stop spending so much or he'd destroy his family, impoverish his kids and wreck their future. Of course, no individual could live so irresponsibly for long. But tack on eight more zeroes to that budget and you have the checkbook for our out-of-control, big-spending federal government.”

Thinking Years Persons Long Bigs Government Kids Together Political Courses Politics Individual Economics Eight Debt Spending Budgets Federal Government Wrecks Politics And Economics

Author:John Stossel

“Tariffs, government contracts, naval and military spending, nationalized industries, tax policy, social welfare, the legal privileging of labor unions were among the means at the disposal of the governing class to exploit the public at large for the benefits of its various clienteles.”

“The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.”

Order Sides Cases Economy Cutting Mystery Effects Source Demand Economics Bases Spending Producers Finance Collapse Severe Ongoing Buyers Side Effects Deflation

Author:Ben Bernanke

“There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

“The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.”

People Government Economy Taught Economics Congress Spending Reserves Caution Federal Reserve

Author:Ron Paul

“Do you realize that the 850 billion dollar bank bailout, that sum of money is greater than the entire 50 year running budget of NASA. And so when someone says, 'We don't have enough money for this space probe.' No, it's not that you don't have enough money. It's that the distribution of money that you're spending is warped in some way that you are removing the only thing that gives people something to dream about tomorrow.”

“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”

Economics Debt Spending Presidential Inflation Down The Road Speeding Wasteful Spending

Book:Addresses Upon the American Road

Source: Addresses Upon the American Road

“If the US Government was a family—they would be making $58,000 a year, spending $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.”

“The vocabulary of the political left is fascinating. For example, it is considered to be 'materialistic' and 'greedy' to want to keep what you have earned. But it is 'idealistic' to want to take away what someone else has earned and spend it for your own political benefit or to feel good about yourself.”