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Quotes by Economist
"Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another."
Man,
10
"If a commodity were in no way useful, - in other words, if it could in no way contribute to our gratification, - it would be destitute of exchangeable value, however scarce it might be, or whatever quantity of labour might be necessary to procure it."
10
"The government solution to a problem is usually as bad as the problem."
10
"The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
10
"History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition."
9
"This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that."
9
"When you feel a weak moment coming on, the key is self-control."
9
"Nothing is so permanent as a temporary government program."
9
"'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded."
9
"On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity."
9
"It is ideas, not vested interests, which are dangerous for good or evil."
9
"To find ways of practicing democracy, not ways of orating about it, is our great problem."
9
"Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned."
9
"Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career."
9
"The only function of economic forecasting is to make astrology look respectable."
9
"We all agree that pessimism is a mark of superior intellect."
9
"With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches."
9
"The conventional view serves to protect us from the painful job of thinking."
9
"Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently."
9
"Economic progress, in capitalist society, means turmoil."
9
"The presentation of the Golden Badge of the Movement is the highest honor the Third Reich has to offer."
9
"So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It's an empire. There's no two ways about it. It's a huge empire. It's been extremely successful."
8
"Many of the genetically modified foods will be safe, I'm sure. Will most of them be safe? Nobody knows."
Will,
8
"I have never known much good done by those who affected to trade for the public good."
8
"The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself."
8
"One man's opportunism is another man's statesmanship."
8
"The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows."
8
"It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today."
8
"There are times in politics when you must be on the right side and lose."
8
"Ask five economists and you'll get five different answers - six if one went to Harvard."
8
"Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects."
8
"Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it."
8
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."
8
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