Quotes of All Topics . Occasions . Authors
Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.
To qualify as a recession, economic activity must decline in an absolute sense; a mere slowdown in real growth is not enough.
In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.
People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.
Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.
Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power.
...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises.
Maturity transformation is a central part of the economic function of banks and many other types of financial intermediaries.
The entrepreneur shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.
It is a commonplace of modern technology that problems have solutions before there is knowledge of how they are to be solved.
Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.
Etiquette is the ceremonial code of polite life, more voluminous and minute in each portion of society according to its rank.
When a large financial institution is allowed to fail, you put in jeopardy hundreds of thousands, if not millions, of people.
When the World Economic Forum was established in 1971, the global population was four billion, of which 50% lived in poverty.
Everyone should own a piece of the wealth-producing capital of this country, but not everyone can be a manager. Or should be.
With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
Harold, the young kids out there are not going to be willing to go to the barricades in defense of lowered transaction costs.
That every person is desirous to obtain, with as little sacrifice as possible, as much as possible of the articles of wealth.
If we save people from HIV/AIDS, if we save them from malaria, it means they can form the base of production for our economy.
Clearly America is exceptional in its immorality, lack of human compassion, and disrespect for law and its founding document.
Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.
I've been writing about Vermont independence for nearly ten years... and, more often than not, it was for an audience of one.
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.
What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.
My view of the internet is that it is way overrated in what it’s done to date but considerably underrated in what it will do.
Countries with lots of unmarried young men are the most vulnerable to sudden upheavals - this is what fueled the Arab Spring.
Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.
What we tell students in formal schooling: “Sit down, stay quiet, and absorb. Do this for 12 to 16 years and all will be well.
If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
One would be forgiven for concluding that the assumed benefits of financial innovation are not all they were cracked up to be.
Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases.
When Congress legislates in haste, it often causes more problems than it solves. But Congress rarely reconsiders its mistakes.
To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.
The important thing right now is that the economy still needs customers. We still need people to go out there and spend money.
We will have to create an avant-garde.... We could have a Union for the enlarged Europe, and a Federation for the avant-garde.
We are focused on Main Street, on supporting economic conditions - plentiful jobs and stable prices - that help all Americans.
Capital must work, as it were, in concert with industry; and this concurrence is what I call the productive agency of capital.
Let the future say of our generation that we sent forth mighty currents of hope and that we worked together to heal the world.
The defining challenge of the 21st century will be to face the reality that humanity shares a common fate on a crowded planet.
You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
What kind of economy grows for decades on end but doesn't allow most of the population to share in the gains from that growth?
Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").
What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!
In U.S. politics, 'compassion' means giving money and privileges to well organized interest groups at everyone else's expense.
The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
In Jamaica, you're never very far away from people who don't have very much, and in Wilmette, pretty much everybody had a lot.
In our judgment of human transactions, the law of optics is reversed, we see most dimly the objects which are close around us.
Neither human applause nor human censure is to be taken as the best of truth; but either should set us upon testing ourselves.