Economics Quotes

The rule of money is it must be earned.

Money can only be used to buy man-made goods.

The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.

The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.

Inflationism is that monetary policy that seeks to increase the quantity of money.

Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.

The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few.

Globalization is a form of artificial intelligence.

Evening work is economical. Power comes most cheaply by night.

Small differences in a system of great power can have enormous consequences. [Source: Al Jazeera 'Upfront' interview]

It turned out that capitalism alone could make people not only rich and happy but also poor, hungry, miserable, and powerless.

Funny how in a material world full of pundits and economists obsessed with assets and liabilities -personally, economically and globally - few speak about the greatest of all these…YOU.

Nothing is illegal if one hundred businessmen decide to do it. -Andrew Young, author, civil rights activist, US congressman, mayor, and UN ambassador (b. 1932)

The individual benefits as an individual from his ability to deny the truth even though society as a whole, of which he is a part, suffers.

Human Nature is not a problem that can be fixed by rules and regulations. All solutions to the existing problems must be based on how people behave, not on how we think they should behave.

Setting a goal is like to set your destination point in your life GPS which could take you to your desire position as you dreamed about...

Your every positive action in your life will increase your self-esteem and this self-esteem will boost you for more positive action to take you on success

Give yourself a great self-respect to know who you are then your confidence will shine on you

Nothing is interesting other than deleting your name from the book of poverty and misery.

I have a dream, there will be critical point in the future, where economics and technology will negate each other.

Let's stop kidding ourselves that Greek debt is the Euro's key problem. With Greece gone, who's next ?

People and institutions that refuse to admit error eventually discredit themselves.

Man is smart - If money would have grown on trees, we would have used green leaves as money.

Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist.

either on a competitive or a cartel basis.

A person's right to a job is as specious as his boss' right to success in business. There is no right to a minimum wage, just as there is no right to success in self-employment.

There is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system...

100 trillion is 100 followed by 12 zeroes

The opportunity cost of an unlived dream is not only that dream, but also the dreams the dream was meant to inspire.

Despite a voluminous and often fervent literature on "income distribution, " the cold fact is that most income is not distributed: It is earned.

You eat the wealthy, sir, and it will be your last meal.

You will miss a normal life while living a successful life, but not as much as the craving for a successful life while you were living a normal life.

If you have money but not love you will somehow manage, but if you don't have both then you are in serious trouble.

Apart from the economic value, money does have high moral value.

Rich or poor it’s nice to have money

Growth is limited by the necessity which is present in the least amount. And naturally, the least favorable condition controls the growth rate

Wherever you are, you have to work for your living.

This is the basis for the most important critique of microfinance. The poor are not entrepreneurs. The idea that more than a few will turn tiny loans into a viable business is simply unrealistic.

The best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear being thrust back, by the efforts of others to push themselves forward.

No one thought the poor more undeserving than the poor themselves.

The poor stay poor here because they do not save enough.

Poverty in western Mexico is an Unconditional Sentence.

Democracy is supposed to be ‘of the people, by the people and for the people’. Capitalism is ‘of the capitalist, for the capitalist’. Period.

Go home now, ” says I. “Keep away from the saloons. Save your money. You are going to need it.”“What are we going to need it for?” asks a voice from the crowd.“For guns and ammunition, ” says I.

What do you see out there?” I ask. “Pittsburgh, ” he replies. Now I laugh. “No, young man. What you see is hell with the lid taken off.” — Mother Jones

We must arm ourselves with patience and wisdom and listen to the poor what they want. This is the best way to avoid the trap of ignorance, ideology and inertia on our side.

Writers are writing in every corner of the globe.Writers are writing, moreover, in rich countries and poor countries alike.

Libertarians make no exceptions to the golden rule and provide no moral loophole, no double standard, for government.

we deceive ourselves if we believe we can hold on to old models as "ideologies whimper off to a shallow grave in prolonged agony of people, institutions and cultures.