Quotes of All Topics . Occasions . Authors
The first path a human being ever travels is the path that leads out of the maternal womb. Every human being's first labyrinth is that of a woman.
The luxury of ostentation affords a much less substantial and solid gratification, than the luxury of comfort, if I may be allowed the expression.
All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.
No arbitrary regulation, no act of the legislature, can add anything to the capital of the country; it can only force it into artificial channels.
In order to encourage private investors to pursue long-term, responsible projects, governments need to promote consistent policies and frameworks.
To realize the relative validity of one's convictions and yet stand for them unflinchingly is what distinguishes a civilized man from a barbarian.
One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey.
[The loss-of-strength gradient is] the degree to which military and political power diminishes as we move a unit distance away from its home base.
Yes, there should be tough border security. Yes, there should be foolproof ID cards, with biometrics, for Social Security and employment purposes.
So everybody has some information. The function of the markets is to aggregate that information, evaluate it, and get it incorporated into prices.
There are no free financial markets in America or, for that matter, anywhere in the Western word, and few, if any, free markets of any other kind.
Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine.
The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.
Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.
Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a better place.
...History shows that ... (people) can be deflected from their natural tendencies by artful propaganda, bogus crises, or other political trickery.
What I have done is to show the importance for the working of the economic system of what may be termed the institutional structure of production.
The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
The corset is?a mutilation, undergone for the purpose of lowering the subject's vitalityand rendering her permanentlyand obviously unfit for work.
You need somebody to support the retirees. You need to pay into the pension plans. You need people to work at the hospitals, at the nursing homes.
I'm not a vegetarian. But I think people who are vegetarians, they are actually more virtuous than the rest of us. I think they should be admired.
Some investments do have higher expected returns than others. Which ones? Well, by and large they're the ones that will do the worst in bad times.
As a general rule, it is foolish to do just what other people are doing, because there are almost sure to be too many people doing the same thing.
You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.
China had managed to reduce their fertility to a large extent because of basic expansion of women's education, not because of the one-child family.
The American people are among the most productive in the world. We have the best technologies. We have - great universities. We have entrepreneurs.
If you can't feel secure - and teach your children to feel secure - about 1-in-610,000 nightmare scenarios - the problem isn't the world. It's you.
Experience shows that a recession is never the result of just a few large industries dragging the economy down while the others continue to expand.
Energy markets can be thought of as suffering from appendicitis due to fossil fuel subsidies. They need to be removed for a healthy energy economy.
I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.
The financial sector is vital to the economy. A well-functioning financial sector promotes job creation, innovation, and inclusive economic growth.
White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues.
Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.
No society ever seems to have succumbed to boredom. Man has developed an obvious capacity for surviving the pompous reiteration of the commonplace.
In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
In a world where for pedagogic and other purposes a very large number of economists is required, an arrangement which discourages many of them from
It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.
Unequal group rights, the politics of redistribution and a Constitution whose meaning varies with changeable coalitions are a recipe for civil war.
I think the people who've been the most overconfident in our business in the last decade have been the people that called themselves risk managers.
Anger requires that the offender should not only be made to grieve in his turn, but to grieve for that particular wrong which has been done by him.
Do you want to know the man against whom you have most reason to guard yourself? Your looking-glass will give you a very fair likeness of his face.
Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.
As for gun control advocates, I have no hope whatever that any facts whatever will make the slightest dent in their thinking - or lack of thinking.
Military pay has been allowed to lag behind to the point where career enlisted men with families to feed have been forced to resort to food stamps.
The requirement of conspicuous wastefulness is... present as a constraining norm selectively shaping and sustaining our sense of what is beautiful.
In order to stand well in the eyes of the community, it is necessary to come up to a certain, somewhat indefinite, conventional standard of wealth.
The idea of a non-growing economy may be an anathema to an economist. But the idea of a continually growing economy is an anathema to an ecologist.