Quotes of All Topics . Occasions . Authors
Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a more sustainable home purchase at some later point.
Probably people always feel that they are living in a time of transition, but we can hardly be mistaken perhaps in thinking that this is an era of particularly momentous change, rapid and proceeding at an ever quickening rate.
The greatest moments are those when you see the result pop up in a graph or in your statistics analysis - that moment you realise you know something no one else does and you get the pleasure of thinking about how to tell them.
The reality is that the overwhelming majority of women are working and they're going to be part of the labor force for a long time. While they may choose to take time off, they're doing things that women in '60s weren't doing.
It is a well known and very important fact that America's founding fathers did not like taxation without representation. It is a lesser known and equally important fact that they did not much like taxation with representation.
As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.
Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society.
Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field.
My early education was in the public school system of Omaha, where, retrospectively, I realize that my high school training served me in good stead for the basic subjects of mathematics, English, foreign languages and history.
Pat Buchanan attacks me as 'worshipping at the church of GDP.' But in a CNBC 'Kudlow and Company interview', I reminded him that I also worship at the church of Catholic Mass, as do the vast majority of the Mexican immigrants.
The old foundations of success are gone ... The world's wealthiest man, Bill Gates, owns nothing tangible: no land, no gold or oil, no factories ... For the first time in history the world's wealthiest man owns only knowledge.
Had Marx understood the implications of the principles of capitalistic distribution which presented themselves to him as "appearances" only, he might have become a revolutionary capitalist instead of a revolutionary socialist.
Enlightened self-interest from those involved in hydrocarbons should lead to the support of technologies enabling the clean use of hydrocarbons, such as carbon capture and storage, and not to the defence of deniers and cranks.
We're a me-me-me generation. We're borrowing the savings of every nation in the world. We're ... piling up a big tab. Now, I may think we're too big to have a run on us. You may think that. But it's possible that God does not.
Business is one of the most powerful institutions on Earth for creating wealth and opportunity and helping to lift people out of poverty. When you think about it that way, then business is not separate from development policy.
Not in books only, nor yet in oral discourse, but often also in words there are boundless stores of moral and historic truth, and no less of passion and imagination laid up, from which lessons of infinite worth may be derived.
It may be said, almost without qualification, that true wisdom consists in the ready and accurate perception of analogies. Without the former quality, knowledge of the past is unobstructive: without the latter it is deceptive.
The state is the most destructive institution human beings have ever devised - a fire that, at best, can be controlled for only a short time before it o'erleaps it's improvised confinements and spreads its flames far and wide.
Transfer payments discourage the recipients from earning income in the present and from investing in their potential to earn income in the future. People respond to a reduced cost of idleness by choosing to be idle more often.
If politics were like sports, we could ask Israel to trade us Benjamin Netanyahu for Barack Obama. Of course, we would have to throw in trillions of dollars to get Israel to agree to the deal, but it would be money well spent.
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence.
Education makes human beings more articulate. It transforms people. You can think differently about the world. It makes it possible for you to get jobs. It makes a dramatic difference. It generates a social equity that we need.
People tend to take sides in these discussions. They feel obligated to say baseball is in catastrophic circumstance or no problem at all. I think extremes are misleading. I think there's a problem and it's of modest dimensions.
If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn.
Gold and silver are no doubt subject to fluctuations, from the discovery of new and more abundant mines; but such discoveries are rare, and their effects, though powerful, are limited to periods of comparatively short duration.
We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.
In 1736, Franklin's Pennsylvania Gazette printed an apology for its irregular appearence because its printer was "with the Press, labouring for the publick Good, to make Money more plentiful." The press was busy printing money.
The principle of laissez-faire may be safely trusted to in some things but in many more it is wholly inapplicable; and to appeal to it on all occasions savors more of the policy of a parrot than of a statesman or a philosopher.
My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals with information as an economic variable, both as to its production and as to its use.
Tax reform likely will be the first policy action in a Trump administration. A close second will be a thorough repeal and rewrite of Obamacare, restoring a freer market with true consumer choice and competition among providers.
I find it ironic how New York City Mayor Mike Bloomberg is so focused on such small issues as drink sizes, while ignoring the massive infrastructure challenges in New York - lousy roads, third-world airports, traffic jams, etc.
Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm.
Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium.
Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new types of products and markets, and it is virtually impossible to know how to run those markets efficiently before they are created.
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
Indeed, the "whole bourgeoisie" on whose behalf the government was acting as its "committee" was a composite of a vast multitude of businessmen appearing as a conglomeration of many different and divergent groups and interests.
The U.S. is ruled by private interest groups and by the neoconservative ideology that history has chosen the U.S. as the 'exceptional and indispensable' country with the right and responsibility to impose its will on the world.
Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.
Physicists have a bias to aspire to be "seers" like Einstein rather than "craftspeople" who do simple and practical research. I have seen that in economics departments. The same must be true to some extent in other departments.
What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money; in so far as they succeed, even to a moderate extent, the money is taken away.
I wish that some way could be found to add up all the staggering costs imposed on millions of ordinary people, just so a relative handful of self-righteous environmental cultists can go around feeling puffed up with themselves.
The great allure of government programs in general for many people is that these programs allow decisions to be made without having to worry about the constraints of prices, which confront people at every turn in a free market.
Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.
It is common to distinguish necessaries, comforts, and luxuries; the first class including all things required to meet wants which must be satisfied, while the latter consist of things that meet wants of a less urgent character.
I think in those countries, including my own in India, where I think primary education has been badly neglected by successive governments, I blame the opposition as much. Why have they allowed the government to get away with it?
Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort.
The gap between what one knows and what one thinks one knows may be higher in the ranks of the elite. The result is supposedly-clever government interventions, introduced with excessive confidence, leading to disastrous results.
Whether the flavour of economic advice you like is conservative or liberal, you will find that flavour available from some 'reputable' economist, since there is no single standard to which all 'reputable' economists must repair.