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Quotes by Economist
"Had Roosevelt been caught, we would have been in a lot of trouble. It would have been very embarrassing."
18
"The herd instinct among forecasters makes sheep look like independent thinkers."
18
"Economic history shows us a continual increase in the demand for money. The characteristic feature of the development of the demand for money is its intensification; the growth of division of labour and consequently of exchange transactions, which have constantly become more and more indirect and dependent on the use of money, have helped to bring this about, as well as the increase of population and prosperity."
18
"I was born in Champaign in 1918. From the neighborhood elementary and intermediate schools, I went to the University High School in the twin city, Urbana."
18
"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed."
18
"Advertising: the science of arresting the human intelligence long enough to get money from it."
18
"My early education was in the public school system of Omaha, where, retrospectively, I realize that my high school training served me in good stead for the basic subjects of mathematics, English, foreign languages and history."
18
"A great emigration necessarily implies unhappiness of some kind or other in the country that is deserted."
18
"Globalization and free trade do spur economic growth, and they lead to lower prices on many goods."
18
"Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies."
18
"You may control people physically by force, but you won't change their hearts and minds-that requires trust and friendship."
18
"Where the currency depreciation is a result of government inflation carried out by the issue of notes, it is possible to avert its disastrous effect on economic calculation by conducting all bookkeeping in a stable money instead. But so far as the depreciation is a depreciation of gold, the world money, there is no such easy way out."
18
"A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money."
17
"She'll be really impressed if you take control and let her follow your lead."
17
"We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium."
17
"Men are able to trust one another, knowing the exact degree of dishonesty they are entitled to expect."
17
"If history could teach us anything, it would be that private property is inextricably linked with civilization."
17
"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."
17
"The only way to eliminate the deficit in the long run is through growth."
17
"One of the things we worry about when we cut the tax on gasoline is that it basically stimulates additional use."
17
"Globalization was a deep trend pushed by technology and right ideas, as much as anything else."
17
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