1,161 Quotes About Economics

There is only a certain amount of wealth in the world, this thinking goes. Economics is a matter of acquiring and allocating, not creating. This was the view of the world’s smartest people, all top philosophers and not stupid people, for many thousands of years before the age of the enlightenment. It still is.

when security is understood in too absolute a sense, the general striving for it, far from increasing the chances of freedom, becomes the gravestthreat to it.

Honoring the value of competence and steadfastness requires a generosity of spirit and a curbing of the passion for envy, traits that few people value and fewer still cultivate and acquire. Not until there is more of Smith and less of Hobbes in the human heart, will the majority of people prefer peaceful and boring market relations to the violent and exciting relations between coercer and coerced, predator and victim

Bad economics teaches that computers can design markets. Good economics teaches that markets can design computers.

Savers have to be punished so debtors can be saved.Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.And why is that important? Because the banking system needs ever more loans in order to survive.

É onde estava investido.

In recent years a smaller share of young adults has been employed than at any time since the Bureau of Labor Statistics started tracking such trends in 1948. So it's not surprising that this generation of youthful protesters has a different focus for their grievances: the economy, stupid. But notice the targets they've chosen to demonize. It's all about class, not age. It's 1% versus 99%, not young versus old. Occupy Wall Street, not Occupy Leisure World.

Armed with the new right to sell their products back to host societies, they can bleed both producing and buying populations at the same time. That is why under new international "free trade" agreements private corporations and businesses have increasingly demanded that governments deregulate and lower taxes so that they are not obliged to pay the cost of sustaining the life of host-societies or their environments.

Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower, in short, what men should believe and strive for.