Top 100 Economics Money Quotes
#1. How does a poor country defeat rich ones?" "Indeed, the answer is not by acquiring wealth in the sense that France has it." "Meaning vineyards, farms, peasants, cows?" "But rather to play a sort of trick and redefine wealth to mean something novel." "Currency!" "Indeed.
Neal Stephenson
#2. A commercial civilization is money-oriented, profit-oriented. Commercial values always tend to wrench a society free of tradition.Economics from education to public service is being reorganized on the self-destructive basis of self-interest.
John Ralston Saul
#3. I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.
Milton Friedman
#4. If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.
John Kenneth Galbraith
#5. Let's be honest. The powers that be all of a sudden realize that there's a lot of money to be made from the Latino market. It all comes down to economics. That's what's happening. So what! We're in style. I mean, that's silly, but I'm taking full advantage of that.
Paula Garces
#6. Savers have to be punished so debtors can be saved.
Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.
And why is that important? Because the banking system needs ever more loans in order to survive.
Chris Martenson
#7. Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.
Ludwig Von Mises
#8. The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices; that neither exportation nor importation can occur if there are no differences in prices to make trade profitable.
Ludwig Von Mises
#9. As the several items can be exchanged, they must be equal; but in what terms? Not in pounds, yards, or hours; they are equal in value. Then what is wanted is a unit of value to reckon by.
Isabel Paterson
#11. People used to make money, but somewhere along the way, it started making us.
Trevor D. Richardson
#12. Bitcoin might revolutionise more than money or economics. It could transform the role and nature of government
Leon Louw
#14. The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.
Joan Robinson
#15. I've always been interested in the economics of reproduction, who gets what they want when it comes to childbearing and how these days, money is a tremendous advantage.
Jennifer Weiner
#16. There's a way that money is freedom, but it isn't money, it's that money stands for having a choice.
Jo Walton
#17. Great leap forwards in mankind do not take place because of the economic values we place on them. They happen because we strive to do better and to be better. The sooner we break away from the 'if it makes money it must be good' mentality the better off we all shall be.
David Alejandro Fearnhead
#18. Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending
Nassim Nicholas Taleb
#19. For the billionaire looking for the extra billion, and indeed for the participant in an experimental economics project looking for the extra dollar, money is a proxy for points on a scale of self-regard and achievement. These rewards and punishments, promises and threats, are all in our heads.
Daniel Kahneman
#20. Republicans drove us into debt with two wars and the Bush tax cuts. Now they want to pay for that debt with cuts to Social Security, Medicare and Medicaid. This is not only immoral it is bad economics. Why do Republicans always have money for war but not for those in need?
Bernie Sanders
#21. The moneyprice of any commodity in any place, under the assumption of completely unrestricted exchange and disregarding the differences arising from the time taken in transit, must be the same as the price at any other place, augmented or diminished by the money-cost of transport.
Ludwig Von Mises
#22. This is no time to lend money, especially upon bare friendship without security.
William Shakespeare
#23. Neoclassical economics ... has uncovered important truths about the nature of money and markets because its fundamental model of rational self-interested human behavior is correct about 80% of the time.
Francis Fukuyama
#24. I know business, I know money, and therefore I know that they are always slightly troubled by the realities of sexual prostitution, since sex is something that can never be stripped clean.
Jacob Wren
#25. When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money.
Ludwig Von Mises
#26. The economics of baseball are the big problem. The big clubs make a lot of money and the little clubs don't.
Fay Vincent
#27. Like many another romance, the romance of the family turns sour when the money runs out. If we really cared about families, we would not let 'born again' patriarchs send up moral abstractions as a smokescreen for the scandal of American family economics.
Letty Cottin Pogrebin
#28. Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.
Oskar Morgenstern
#29. The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.
John Kenneth Galbraith
#30. Inflationism is that monetary policy that seeks to increase the quantity of money.
Ludwig Von Mises
#31. [Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.
Paul Krugman
#32. New York Times columnist Paul Krugman told one of the authors in Seoul, South Korea, a de cade ago that he has always followed one piece of advice that his MIT professors had given him: "Never touch the money system." Krugman was awarded the Nobel Prize for Economics in 2008.
Anonymous
#33. For when the Law of Price declares that a good actually commands a particular price, and explains why it does so, it of course implies that the good is able to command this price, and explains why it is able to do so. The Law of Price comprehends the Law of Exchange-Value.
Ludwig Von Mises
#36. We all understand the economics of the Super Bowl - 10 or 12 minutes of the ball in motion will be stretched into three and a half hours or more of money-making commercials.
George Vecsey
#37. Misers makes money their lord, but the spenders makes it their slaves and servants
Michael Bassey Johnson
#38. The financial markets are not to be trusted. They expect to be given free reign to make huge profits while the sun is shining, but hasten to the shelter of the state when the skies darken.
Peter Stalker
#39. So, for a variety of reasons, ranging from convenience to fear to economics, people stayed in their own neighborhood, loving it, enjoying the closeness, the friendliness, the familiarity, and trying to save enough money to move out.
Mike Royko
#40. The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.
Ludwig Von Mises
#41. The ideas of debtor and creditor as to what constitutes a good time never coincide.
P.G. Wodehouse
#42. No one spends someone elses money as carefully as he spends his own.
Mark Skousen
#43. Decided to put aside ethnic differences in the cause of making more money.
Terry Pratchett
#44. Determinants of prices have their effect only through the medium of the subjective estimates of individuals; and the extent to which any given factor influences these subjective estimates can never be predicted.
Ludwig Von Mises
#45. Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy.
Ludwig Von Mises
#47. He who cares to go to the trouble of demonstrating the uselessness of index numbers for monetary theory and the concrete tasks of monetary policy will be able to select a good proportion of his weapons from the writings of the very men who invented them.
Ludwig Von Mises
#48. I found this out over the years, that racism is a thinly veiled disguise over economics and money. It really is.
Quincy Jones
#49. The function of money is to facilitate the business of the market by acting as a common medium of exchange.
Ludwig Von Mises
#50. I think it's wrong to think of economics as money. The actual word itself actually revolves around meeting one's needs. Money is one way of meeting our needs, but it's only one way.
Mark Boyle
#51. Fearful of wasting a second, we hoard time as if it were money.
Sharon Salzberg
#52. It's pointless to talk to Fed members about economics because they are academics who believe in money-printing. Some of them believe they didn't print enough, and so with these kinds of people, it is like running to the pope. What do you want to tell them?
Marc Faber
#53. It is easy to be compassionate with other people's money
John Atherton
#54. Nynaeve shook her head. She supposed it was one way to find money for the poor. Simply rob anyone who was not poor. Of course, that would just make everyone poor in the end, but it might work for a time
Robert Jordan
#55. Basically, movies come down to economics, and they're always too expensive. From a producer's point of view, an actor is either going to make him money or save him money.
Ewen Bremner
#56. If you want to invest in early-stage technologies, putting a timeframe on it does behold you to Silicon Valley economics. You've got a certain time period where you have to make the money. And you have to invest that money whether you find good companies or not.
Bill Maris
#57. How sad to see a father with money and no joy. The man studied economics, but never studied happiness.
Jim Rohn
#58. Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.
Julian Baggini
#59. Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.
Ludwig Von Mises
#60. Inflation consists of subsidizing expenditures that give no returns with money that does not exist.
Jacques Rueff
#61. Your money myth affects your gain and luck.
In economics, illusion of money affects wealth.
Toba Beta
#62. There's class warfare, all right, but it's my class, the rich class, that's making war, and we're winning.
Warren Buffett
#63. The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few.
Ludwig Von Mises
#64. In the case of money, subjective use-value and subjective exchange-value coincide. Both are derived from objective exchange-value, for money has no utility other than that arising from the possibility of obtaining other economic goods in exchange for it.
Ludwig Von Mises
#65. Ideology follows the money."
"Governments don't protect people, people protect governments."
"To accept the legitimacy of the state is to embrace the necessity for war.
Lawrence Samuels
#66. As Charles Darwin said,'The economy shown by Nature in her resources is striking,' says the Spirit. 'All wealth comes from Nature. Without it, there wouldn't be any economics. The primary wealth is food, not money. Therefore anything that concerns the handling of the land also concerns me.
Margaret Atwood
#67. Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.
David Ricardo
#68. The better the script, the less money there is. That's just the economics of the studio system.
Peter Hedges
#69. The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Henry Hazlitt
#70. Trade and money, which go together in a stream of energy, inevitably wash away the enclosing walls of a society of status.
Isabel Paterson
#71. Printing currency for foreigners to buy is the best racket a government can get into.
Lee Child
#72. A woman's income appeal is a bell-shaped curve: men do not want to date low-earning women, but once a woman starts earning too much, they seem to be scared off.
Steven D. Levitt
#73. In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.
Malcolm Turnbull
#74. Man is smart - If money would have grown on trees, we would have used green leaves as money.
Amit Kalantri
#75. Under certain conditions, index numbers may do very useful service as an aid to investigation into the history and statistics of prices; for the extension of the theory of the nature and value of money they are unfortunately not very important.
Ludwig Von Mises
#76. It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.
Ludwig Von Mises
#77. The first value of money was clearly the value which the goods used as money possessed (thanks to their suitability for satisfying human wants in other ways) at the moment when they were first used as common media of exchange.
Ludwig Von Mises
#78. But the economy's out of control. Money just doesn't need human beings anymore. Most of us only get in the way.
Bruce Sterling
#79. We could manage to survive without money changers and stockbrokers. We should find it harder to do without miners, steel workers and those who cultivate the land
Aneurin Bevan
#80. It's easy to make money when you have a lot of it.
Max Tegmark
#81. But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.
Ludwig Von Mises
#82. I think that the economics of book publishing favor hits with long book runs. You make all your money on the last bunch of books, not the first.
Seth Godin
#83. The rich control our politics to a huge extend. In return they get tax cuts and deregulation. It's been and is an amazing ride for the rich.
Jeffrey D. Sachs
#84. The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.
Ludwig Von Mises
#85. Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later.
Adam Davidson
#86. NAUGHTY AND NICE? said Death. BUT IT'S EASY TO BE NICE IF YOU'RE RICH. IS THIS FAIR?
Albert wanted to argue. He wanted to say, Really? In that case, how come so many of the rich buggers is bastards? And being poor don't mean being naughty, neither.
Terry Pratchett
#87. I think the very best attitude for anyone investing in the stock market is to make up his mind to lose money.
- The Duchess Gloriana XII
Leonard Wibberley
#88. By 'the objective exchange-value of money' we are accordingly to understand the possibility of obtaining a certain quantity of other economic goods in exchange for a given quantity of money; and by 'the price of money' this actual quantity of other goods.
Ludwig Von Mises
#89. These days no one can make money on the goddamn airline business. The economics represent sheer hell.
C. R. Smith
#90. The reason why we're strippers, is invariably more boring, more grounded in nonexistential needs like money - and pragmatic concerns, like money.
Ruth Fowler
#91. Everyone's lost a lot of money on their 401k plans. I've heard some people calling them 201k plans. So it's even more important to get people to be saving more for retirement. Behavioral economics has helped us learn a lot about how to do that.
Richard Thaler
#92. Relative poverty is when you have more taste than money.
Neel Burton
#93. It turned out that capitalism alone could make people not only rich and happy but also poor, hungry, miserable, and powerless.
Masha Gessen
#95. Don't you know there's another bubble as well? An expectations bubble. Bigger houses, private planes, yachts ... stupid salaries and bonuses. People come to desire these things and expect them. But the expectations bubble will burst as well, as all bubbles do.
Edward Rutherfurd
#96. They ask - "How much money is too much money?"
The answer always is - "A little more!
Anonymous
#97. Hence, the statement that the cost of living is different in different localities only means that the same individual cannot secure the same degree of satisfaction from the same stock of goods in different places.
Ludwig Von Mises
#98. Women's battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
Paula Nelson
#99. The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.
Ludwig Von Mises
#100. The exchange-value of money is the anticipated use-value of the things that can be obtained with it.
Ludwig Von Mises
