In economics, the majority is always wrong.
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.
I learned more about the economy from one South Dakota dust storm that I did in all my years of college.
Economic growth may one day turn out to be a curse rather than a good, and under no conditions can it either lead into freedom or constitute a proof for its existence.
Never spend your money before you have earned it.
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.
People do not understand what a great revenue economy is.
The science hangs like a gathering fog in a valley, a fog which begins nowhere and goes nowhere, an incidental, unmeaning inconvenience to passers-by.
How great, my friends, is the virtue of living upon a little!
Commerce has set the mark of selfishness, the signet of its all-enslaving power, upon a shining ore, and called it gold: before whose image bow the vulgar great, the vainly rich, the miserable proud, the mob of peasants, nobles, priests, and kings, and with blind feelings reverence the power that grinds them to the dust of misery.
Give me a one-handed economist! All my economists say, On the one hand on the other.
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
Be thrifty, but not covetous.
I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.
Has anyone stopped to consider that we might come closer to balancing the budget if all of us simply tried to live up to the Ten Commandments and the Golden Rule?
There can be economy only where there is efficiency.
Men cannot not live by exchanging articles, but producing them. They live by work not trade.
The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
Ours is an age in which thousands are driven daily from their homelands by the unforgiving brutalities of war, terrorism, political oppression, starvation, disease, economic piracy, and the relentless suffocation of that singular breath which makes human beings individuals.
No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings.
In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
Frugality is founded on the principal that all riches have limits.
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