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Quotes about economics

133 quotes from 78 people

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The issue is Socialism versus Capitalism. I am for Socialism because I am for humanity. We have been cursed with the reign of gold long enough.
Eugene V. Debs1855–1926Open letter to the American Railway Union, Chicago Railway Times (1 January 1897)
- Politics
The record is clear, printing money doesn’t create jobs, it only creates more inflation.
Margaret Thatcher1925–2013Speech to Conservative Trade Unionists (Annual Conference) (1 November 1980)
- Money
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated.
Woodrow Wilson1856–1924The New Freedom (1913), Section VIII: “Monopoly, Or Opportunity?”, p. 185
- Money
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
Milton Friedman1912–2006The Counter-Revolution in Monetary Theory (1970)
- Money
American industry is not free, as once it was free; American enterprise is not free; the man with only a little capital is finding it harder to get into the field, more and more impossible to compete with the big fellow.
Woodrow Wilson1856–1924The New Freedom (1913), Section I: “The Old Order Changeth”, p. 15
- Business
In the long run we are all dead.
John Maynard Keynes1883–1946A Tract on Monetary Reform (1923), Ch. 3, p. 80
- Life & Death
If you can control a people’s economy, you don’t need to worry about its politics; its politics have become irrelevant.
Wendell Berry1934–2026Another Turn of the Crank (1996), “Conserving Forest Communities”
- Politics
For us there is no valid definition of socialism other than the abolition of the exploitation of one human being by another.
Che Guevara1928–1967Afro-Asian Conference (1965)
- Politics
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes1883–1946The Economic Consequences of the Peace (1919), Chapter VI, pp. 235-236
- Government
As against the “invisible hand” of Adam Smith, there has to be a visible hand of politicians whose objective is to have the kind of society that is caring and humane.
Pierre Trudeau1919–2000Memoirs (1993), Part 3, 1974—1979 Victory And Defeat, p. 190
- Government
Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton Friedman1912–2006Free to Choose (1980), Ch. 1 “The Power of the Market”, p. 13
The knell of capitalist private property sounds.
Karl Marx1818–1883Das Kapital (Buch I) (1867), Vol. I, Ch. 32, p. 837.
In truth, the gold standard is already a barbarous relic.
John Maynard Keynes1883–1946A Tract on Monetary Reform (1923)
- Money
We live in capitalism. Its power seems inescapable; so did the divine right of kings.
Ursula K. Le Guin1929–2018National Book Awards, November 2014
- Power
Capitalism works not through coercion or conquest, but through the consent of the consumer.
Dinesh D'Souzaborn 1961America: Imagine the World Without Her (2014)
- Business