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"If wealth is a magnet, poverty is a kind of repellent."
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Exlpore more Economics quotes
"Machinery which is not used is not capital."
"Riches are for spending."
"The probable accumulation of the surpluses of revenue beyond what can be applied to the payment of the public debt... merits the consideration of Congress. Shall it lie unproductive in the public vaults?...Or shall it rather be appropriated to the improvements of roads, canals, rivers, education, and other great foundations of prosperity and union."
"Even with all its positive attributes, capitalism in its imperialistic form is the most treacherous system mankind ever devised. It is driven by a selfishness that has an almost religious underlining to it."
"The three wealthiest people in the world own more than the GDP of forty-eight countries!"
"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."
"It must be pointed out that the level of the total stock of money and of the value of the money unit are matters of complete indifference as far as the utility obtained from the use of the money is concerned. Society is always in enjoyment of the maximum utility obtainable from the use of money. Half of the money at the disposal of the community would yield the same utility as the whole stock, even if the variation in the value of the monetary unit was not proportioned to the variation in the stock of money."
"Your money myth affects your gain and luck.In economics, illusion of money affects wealth."
Explore more quotes by Nelson Mandela
"When a man is denied the right to live the life he believes in, he has no choice but to become an outlaw."
"Crime must be brought under control... Freedom without civility, freedom without the ability to live in peace, was not true freedom at all."
"A good leader can engage in a debate frankly and thoroughly, knowing that at the end he and the other side must be closer, and thus emerge stronger. You don't have that idea when you are arrogant, superficial, and uninformed."
"It reaffirmed my long-held belief that education was the enemy of prejudice. These were men and women of science, and science had no room for racism."
"I cannot conceive of Israel withdrawing if Arab states do not recognize Israel, within secure borders."
"Communists have always played an active role in the fight by colonial countries for their freedom, because the short-term objects of Communism would always correspond with the long-term objects of freedom movements."
"Peace is not just the absence of conflict; peace is the creation of an environment where all can flourish regardless of race, color, creed, religion, gender, class, caste or any other social markers of difference."
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