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"I saw the poverty, I say the prosperity. Both have fundamental problems."
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"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
"A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation."
"We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare."
"Capitalism has a way of letting people view the world through rose-coloured glasses."
"Free markets and capitalism are predicated upon the definition of greed as altruistic in economics."
"The free market has never worked in agriculture and it never will. The economics of a family farm are very different from a firm's... the demand for food isn't elastic, people don't eat more just because food is cheap. Even if I go out of business this land will keep producing corn."
"If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers."
"The three wealthiest people in the world own more than the GDP of forty-eight countries!"
"If wealth is a magnet, poverty is a kind of repellent."
Explore more quotes by Debasish Mridha
"The condition you're in at this moment is the product of your previous thoughts, to change your condition, change your thoughts."
Life
"Today is the most important day to start a new beginning. It will open the door of opportunity and reveal the holding."
"If you don't have a teacher, don't worry. Learn by observing the best teacher which is nature."
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