1,161 Quotes About Economics

We are a down-trodden race.”“You are a down-trodden race because you are lazy,” said Chilke.“If I am lazy and you are not, how is it that I am carrying your baggage while you walk light-foot?”For a moment or two Chilke deigned no explanation of the seeming paradox; then he said: “If you knew anything about the laws of economics, you would not ask such a banal question.

In part because there are so many laws to break; and the more laws there are to break, the harder it is to prevent them from being broken

they just took the US government... they just changed the governance model by accounting policy to a fascist government

My sponsor is an ex-Navy guy. Buys me lunch on Christmas. I tell him, as long as I am drinking and I have money, things seem to be going well. Now, you just replace “am drinking” with “have oil” there you have the U.S. economy. When I don’t drink for a while… I get a little depressed and anti-Semitic. I tell him, as soon as the United States stops fucking up foreign democracies and stealing their oil, I’ll stop drinking. Unfortunately, looks like neither miracle is going to happen…

And instead we go to Walmart and buy another piece of shit.

Economics is a science with excellent tools for gaining answers but a serious shortage of interesting questions.

If a country consumers more than it produces, it must import more than it exports. That's not a rip-off that's arithmetic. If we manage to negotiate a reduction in the Chinese trade surplus with the United States, we will have increased trade deficits with some other country. Federal deficit spending, a massive and continuing act of dissavings, is the culprit. Control that spending and you will control the trade deficit.

The illegal and immoral economic sanctions against #Iran, #Syria & #Venezuela by the #US and all it's western / other lackeys, to subjugate those countries to fall in line with the "American Oligarchal Will" (otherwise known as US foreign policy) amounts to "Economic Terrorism.

Real wages (adjusted for inflation) have been flat or down for decades. Millennials earn 20 percent less than their parents did at the same stage of their lives, according to a 2017 study by Young Invincibles, an advocacy group.