“Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.” DoeHas BeensWholeHappensWould BeLosesLossEconomyGroupsPossibilityParticularHigherGainsAcceptableFixingTransactionsGains And Losses Author:Thomas Sowell
“It doesn't take a genius to see what happens when the entitlement state outgrows the economy upon which it rests. The time of Greece, Cyprus, Portugal, Spain, the rest of insolvent social-democratic Europe — and now Detroit — is the time for conservatives to raise the banner of Stein's Law and yell "Stop." You can kick the can down the road, but at some point it falls over a cliff.” StatesHappensLawSocialEconomyGeniusEuropeRaisesDemocraticDisappearKicksSpainGreeceCliffsEntitlementDetroitDown The RoadBannerPortugalCyprus Author:Charles Krauthammer
“I find that whenever I am in power, or my father was in power, somehow good things happen. The economy picks up, we have good rains, water comes, people have crops. I think the reason this happens is that we want to give love and we receive love.” PeopleThinkingWantGivingReasonHappensFatherWaterEconomyPicksRainGood ThingsThings HappenCropsRain WaterGood Rain Author:Benazir Bhutto
“We love a world in which the people in the white hats get rewarded and the people in the black hats pay the price. And that I have to say doesn't happen very often, particularly in a very complex economy. We're in a time of panic where people have lost trust in what the banks are doing, what the investment firms are doing - lost trust beyond a level of reasonableness, to be honest. And, it's got to be stopped.” PeopleWorldHappensLostBlackWhiteLevelsPayEconomyHonestInvestmentComplexesBeing HonestFirmHatsPanicPay The PriceReasonablenessBlack HatsLost Trust Author:Rebecca M. Blank
“If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.” IfsKnowsStillsHappensEconomyInvesting Author:Warren Buffett
“In our society, real power does not happen to lie in the political system, it lies in the private economy: that’s where the decisions are made about what’s produced, how much is produced, what’s consumed, where investment takes place, who has jobs, who controls the resources, and so on and so forth. And as long as that remains the case, changes inside the political system can make some difference-I don’t want to say it’s zero-but the differences are going to be very slight.” WantLongDoeMadeRealHappensJobsPoliticalLyingDifferencesDecisionCasesEconomyResourcesRemainsInvestmentOur SocietyZeroConsumedPolitical SystemsReal Power Author:Noam Chomsky
“I've watched politics for years. Republicans rarely get credit for the good things that happen in the economy during their watch. Democrats always get more credit than they deserve. They are just better at political discourse that we are.” YearsHappensPoliticalWatchesEconomyRepublicanDeserveGood ThingsDemocratCreditDiscoursePolitical Discourse Author:George W. Bush
“There are lots of bad things that can happen to a food economy that's both extensive and centralized. There's no substitute for petroleum. To have a growth economy based on a declining fuel supply is bound to be stressful.” HappensGrowthEconomyBoundsFuelBad ThingsSubstitutesStressfulPetroleum Book:Conversations with Wendell Berry Source: Conversations with Wendell Berry
“Policymakers think that if they get the abstractions right, that will drive behavior in the desired direction. But the world happens in real time.” IfsThinkingWorldRealHappensEconomyBehaviorAbstraction Author:Sendhil Mullainathan
“The recent trading environment has felt something like walking into a place and having a sense that something is wrong and dangerous but not knowing exactly what will happen or when. “QE Infinity” has so distorted the prices of stocks and bonds that nobody can possibly determine what the investing landscape would look like, or what the condition of the economy and financial system would be, in the absence of Fed bond-buying.” LooksHappensWould BeFeltEconomyKnowingEnvironmentConditionsDangerousWalkingInvestingFinancialDetermineAbsenceLandscapeBuyingFedsInfinityNot KnowingTradingFinancial System Author:Paul Singer
“Advertising is the spur on the flank that keeps modern company-helping economy out of hand till the day common sense is restored, if ever it happens.” IfsHelpingHandsHappensCommonCompanyEconomyModernCommon SenseAdvertisingSpurs Author:Robert W. Sarnoff
“America still is the center of the world, and what happens in the American economy matters everywhere.” WorldStillsMatterHappensAmericaEconomyAmerican EconomyCenter Of The World Author:Martin Amis
“The financial markets play an active role in determining what's going to happen, how the economy is going to function.” PlayHappensRolesEconomyFunctionFinancialActiveFinancial Markets Author:George Soros