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Economics Quotes

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Economics Quotes

“My biggest surprise of the year does involve Donald Trump and it involves his money. And I am one of the prominent disbelievers of his claims of wealth and how rich he was. He put out a press release before he did his financial disclosure form saying he made over $200 million from a TV show.If you know about the economics of televisions, that sounds impossible. I don`t believe it.”

“What the issue here is, you get rid of all the conservative orthodoxy about capital gains, marginal tax rate, supply side economics, you just throw all that out the window, limited government and you just embrace the sheer and raw politics of resentment that have been bubbling the whole time and that`s what you get. You get Donald Trump.”

“[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.”

“If you don't donate to Obama and you're a major corporation like Big Oil, then they're gonna blame you for climate change, destroying the planet and they're gonna get everybody turned against you and hating your guts and so forth, and that's how they operate. That's not how Trump operates. That's not how Mike Pence operates. They understand the simple mathematics of economics.”

“Trump is popular, Trump is big precisely because Republican voters are angry at establishment Republicans. And establishment Republicans keep giving these people reason to be mad by continuing to insult them, and by appearing to agree with Democrats on key issues a majority of Americans disagree with, from amnesty to whatever, economics, Obamacare, take your pick.”

“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.”