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Quotes by Economist
"Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets."
19
"Like Odysseus, the President looked wiser when he was seated."
19
"It certainly was difficult to sell NAFTA because it's always difficult to sell open markets."
19
"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."
19
"Socialism appeals to better classes and has far more strength. Attack the state and you excite feelings of loyalty even among the disaffected classes; but attack the industrial system and appeal to the state, and you may have loyalty in your favor."
19
"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."
19
"If we disregard the exchange of present goods for future goods, and restrict our considerations for the time being to those cases in which the only exchanges are those between present goods and present money, we shall at once observe a fundamental difference between the effects of an isolated variation in a single commodity-price, emanating solely from the commodity side, and the effects of a variation in the exchange-ratio between money and other economic goods in general, emanating from the monetary side."
19
"It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others."
19
"My father also happened to be an intellectual, as learned, literate, informed, and curious as anyone I have known. Unobtrusively and casually, he was my wise and gentle teacher."
19
"It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office."
19
"All business sagacity reduces itself in the last analysis to judicious use of sabotage."
19
"The social function of economic science consists precisely in developing soundeconomic theories and in exploding the fallacies of vicious reasoning. In the pursuit ofthis task the economist incurs the deadly enmity of all mountebanks and charlatanswhose shortcuts to an earthly paradise he debunks. The less these quacks are able toadvance plausible objections to an economist's argument, the more furiously do theyinsult them."
19
"Everyone suffers personal setbacks. If you're experiencing difficulty in your career or personal life, keep it in perspective - by persevering through your difficulties, you're building a stronger personality in you. Never give up!."
19
"Keep the first date brief, short, sweet and simple and they'll come back to you."
19
"When you resolve to do a thing, you make a decision to act, to go all the way, come hell or high water. It's something you're committed to accomplish, having firmly decided to see it through to the end."
19
"The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule."
19
"I see a vision, its the vision of tomorrow,no force can stop it from manifesting, not even the sun nor the moon."
19
"Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates."
18
"This is one of those cases in which the imagination is baffled by the facts."
18
"Most important, I have learned from my colleagues and students."
18
"Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything."
18
"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."
18
"I was opposed to World War II, and indeed on June 22, 1941 when Hitler invaded the Soviet Union I suddenly found myself the lone supporter of peace since everybody else had, because of their communist beliefs, shifted over to become supporters of the war."
18
"The first of all commodities to be exchanged is labour, and the freedom of man consists only in the exercise of the right to determine for himself in what manner his labour shall be employed, and how he will dispose of its products."
18
"Electricity is of two kinds, positive and negative. The difference is, I presume, that one comes a little more expensive, but is more durable; the other is a cheaper thing, but the moths get into it."
18
"An intriguing paradox of the 1990s is that it isn't called a decade of greed."
18
"It might be said that it is the ideal of the employer to have production without employees and the ideal of the employee is to have income without work."
18
"What we call creative work, ought not to be called work at all, because it isn't. I imagine that Thomas Edison never did a day's work in his last fifty years."
18
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