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Quotes by Economist

"You just can't apologize for being you nor for your emotional self, nor for your intellectual self, nor for spiritual self, nor for your physical self. It's all a part of who you are, signal that you don't value who you are, once that occurs you have a serious work to do, to get back to where you need to be in order to move on in life."

"If then the prosperity of the commercial classes, will most certainly lead to accumulation of capital, and the encouragement of productive industry; these can by no means be so surely obtained as by a fall in the price of corn."

"Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world."

"The insurance companies aren't covering that. Should Monsanto be liable for these losses? Should the state government? Who's going to cover the losses? The fact is, here's an industry with no long-term liability in place."

"Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States."

"The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical."

"Money differs from an automobile or mistress in being equally important to those who have it and those who do not."

"It stands, essentially, for the application of increased energy to the efforts already undertaken by my ministry since 1934 with the results shown in the above statistics."

"Any union that can't accept workers choosing their own representatives through universal franchise is finished."


"Tax increases appear to have a very large sustained and highly significant negative impact on output."

"Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly."


"I think where I differ a little bit, we absolutely have to think about the deficit looking down the road. And certainly that's something the president has said that we need to, as the economy recovers, have a plan in place for getting it down."


"The Nobel Prize is given as a personal award but it also honors the field of research in which I have worked and it also honors my students and colleagues."

"There are times in politics when you must be on the right side and lose."

"Then it was that were passed the laws restricting emancipation and prohibiting education."

"Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest."

"I regard it in fact as the great advantage of the mathematical technique that it allows us to describe, by means of algebraic equations, the general character of a pattern even where we are ignorant of the numerical values which will determine its particular manifestation."

"If it's me who loves you, you'll know, as I will tell it you in my own words."

"And that's why I wrote the book, because our country really needs to understand, if people in this nation understood what our foreign policy is really about, what foreign aid is about, how our corporations work, where our tax money goes, I know we will demand change."

"Intellects whose desires have outstripped their understanding."

"Telecom is a dramatic success in India and our view is, respecting the political process, and respecting the fact that these are sovereign decisions, is that, approaching India as a friend."


"You only need to make one big score in finance to be a hero forever."

"The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion."

"Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit."

"The only relevant test of the validity of a hypothesis is comparison of prediction with experience."

"Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward."

"It is bad policy to regulate everything... where things may better regulate themselves and can be better promoted by private exertions; but it is no less bad policy to let those things alone which can only be promoted by interfering social power."

"Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production."


"Everyone recognizes that's a joke because obviously the number and shape of the pieces doesn't affect the size of the pizza. And similarly, the stocks, bonds, warrants, etc., issued don't affect the aggregate value of the firm."
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