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Quotes by Economist
"Back in 1983, the United States government approved the release of the first genetically modified organism. In this case, it was a bacteria that prevents frost on food crops."
15
"Everyone is special; every moment in our life is unique. However difficult or painful a situation may look at present, it soon becomes a memory and a special journey. Memories make us who we are, but it also starts declining with age. There are many ways to preserve these special moments so that we can cherish a story that's our own."
15
"The European model is in danger if we obliterate the principle of personal responsibility."
15
"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
15
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
15
"The market system is the basis of our civilization. Its only alternative is the FA1?4hrer principle."
15
"The crisis triggered a fertile period of scientific ferment and revolution in economic theory."
15
"The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by."
15
"What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist."
15
"Basically, what Economic Hit Men are trained to do is to build up the American empire. To create situations where as many resources as possible flow into this country, to our corporations, and our government, and in fact we've been very successful."
15
"Taxation is the price we pay for failing to build a civilized society. The higher the tax level, the greater the failure. A centrally planned totalitarian state represents a complete defeat for the civilized world, while a totally voluntary society represents its ultimate success."
15
"That the powers of labour, and of the other instruments which produce wealth, may be indefinitely increased by using their products as the means of further production."
15
"Knowing that you can endure a very difficult challenge offers a degree of confidence that the next challenge can also be endured."
15
"Nothing is going to work out unless you step up and make it happen."
15
"The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again."
15
"Two years later, I went to the University of Minnesota from which I was on leave for several years during the war as a member of Statistical Research Group at Columbia University."
14
"The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning."
14
"And this thesis is somewhat connected with general social and political observations, because it establishes the fact that the number of consumers is considerably larger than the number of producers, a fact which exercises a not inconsiderable social and political pressure."
14
"Economics is extremely useful as a form of employment for economists."
14
"We need, in effect, to make the phantom 'lock-boxes' around the trust fund real."
14
"You can't have a situation in which companies proceed on a permanent basis relying only on cash from the government."
14
"The worst evils which mankind has ever had to endure were inflicted by bad governments."
14
"It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state."
14
"Many of the mainstream agricultural scientists, especially at the agricultural schools, but at all of our major universities, are tied into all sorts of contractual relationships and consulting relationships with the life science companies."
14
"At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory."
14
"I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation's largest and least understood spy organization; but ultimately I worked for private corporations."
14
"But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place."
14
"I think VAR is a very healthy development within the industry."
14
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