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Best economic quotes

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I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.

Edward Gibbon, historian

Economics and politics are the governing powers of life today, and that's why everything is so screwy.

Joseph Campbell, author

I learned more about the economy from one South Dakota dust storm that I did in all my years of college.

Hubert Humphrey, politician

Never spend your money before you have earned it.

Thomas Jefferson, president

Recession is when a neighbor loses his job. Depression is when you lose yours.

Ronald Reagan, president

We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.

Franklin D. Roosevelt, president

If your outgo exceeds your income your upkeep will be your downfall.

Anonymous,

I could've told you this was gonna happen 8 years ago because it is on purpose.

James Dye,

Ask five economists and you'll get five different explanations six if one went to Harvard.

Edgar R. Fiedler, economist

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

Ronald Reagan, president

Men cannot not live by exchanging articles, but producing them. They live by work not trade.

John Ruskin, writer

Racism is always there underneath, but usually it is exploited in these times of economic crisis, and it's hard to find out when one slides into another.

Iris Chang, historian

Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.

Edmund Burke, statesman

Frugality is founded on the principal that all riches have limits.

Edmund Burke, statesman

There can be economy only where there is efficiency.

Benjamin Disraeli, statesman

Commerce is a game of skill which everyone cannot play and few can play well.

Ralph Waldo Emerson, poet

No nation was ever ruined by trade.

Benjamin Franklin, politician

How great, my friends, is the virtue of living upon a little!

Horace, poet

Economic progress, in capitalist society, means turmoil.

Joseph Schumpeter,

If all the economists were laid end to end, they would not reach a conclusion.

George Bernard Shaw, dramatist

An economist is someone who knows more about money than the people who have it.

Source Unknown,

In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up or else all go down as one people.

Franklin D. Roosevelt, president

It's our job as economic developers in the state to make sure any prospect receives all available incentives.

Larry Williams, musician

We have seen economic growth. But we have not seen earnings growth.

Mike Farrell, actor

But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses.

Jon Huntsman, Jr., politician

Philanthropy is commendable, but it must not cause the philanthropist to overlook the circumstances of economic injustice which make philanthropy necessary.

Martin Luther King, Jr., leader

Restoring responsibility and accountability is essential to the economic and fiscal health of our nation.

Carl Levin, politician

The struggle for democracy and human rights in Burma is a struggle for life and dignity. It is a struggle that encompasses our political, social and economic aspirations.

Aung San Suu Kyi, activist

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.

Hannah Arendt, historian

For economist the real world is often a special case.

Edgar R. Fiedler, economist

In economics the majority is always wrong.

John Kenneth Galbraith, economist

No one is rich whose expenditures exceed his means, and no one is poor whose incomings exceed his outgoings.

Thomas C. Haliburton,

Be thrifty, but not covetous.

George Herbert, poet

An economist's guess is liable to be as good as anybody else s.

Will Rogers, actor

If you took all the economists in the world and laid them end-to-end, they couldn't reach a conclusion

Source Unknown,

The truth is, we are all caught in a great economic system which is heartless.

Woodrow Wilson, president

Racial discrimination, South Africa's economic power, its oppression and exploitation of all the black peoples, are part and parcel of the same thing.

Oliver Tambo, politician

Municipal networks expand economic opportunities. We've got to open new doors, not slam them shut.

Frank Lautenberg, politician

Continuing economic growth requires both recruitment of new companies and expansion of existing businesses.

Phil Bredesen, politician

What the president announced yesterday, is that somehow magically, if we just continue to prime the pump of taxpayer dollars, we're going to see magically an economic recovery.

Eric Cantor, politician

We are at crisis point. I think anybody that sees this nation as being on stable economic or fiscal ground is fooling themselves.

Joe Miller, politician

Is it really true that political self-interest is nobler somehow than economic self-interest?

Milton Friedman, economist

I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.

Lucas Papademos, politician

Today we have access to highly advanced technologies. But our social and economic system has not kept up with our technological capabilities that could easily create a world of abundance, free of servitude and debt.

Jacque Fresco, inventor

The dramatic modernization of the Asian economies ranks alongside the Renaissance and the Industrial Revolution as one of the most important developments in economic history.

Lawrence Summers, economist

I think that candidates who have pending cases of blood crimes and economic crimes must be definitely banned.

Francois Bozize, statesman

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.

Ronald Reagan, president

I think the rich will eventually have to cave in too, because the economic situation around the world is not gonna tolerate the United States being on top forever.

Nina Simone, musician

The greater concerns in China and Taiwan are on the political side, not on the economic side.

William Kirby, scientist

For the past 15 years or so, British governments have tried to persuade the rest of us that the best judges of the national interest are...businessmen. This may be a ridiculous statement, but -- ominously -- fewer and fewer people laugh at it.

Neil Ascherson,

It seems to be a law in American life that whatever enriches us anywhere except in the wallet inevitably becomes uneconomic.

Russell Baker, journalist

We are enjoying sluggish times and not enjoying them very much.

George Bush,

The existing world economic order constitutes a system of plundering and exploitation like no other in history.

Fidel Castro, statesman

People do not understand what a great revenue economy is.

Marcus Tullius Cicero, statesman

Commerce flourishes by circumstances, precarious, transitory, contingent, almost as the winds and waves that bring it to our shores.

Charles Caleb Colton, writer

The term bail-out is deceptive. They have people come up with euphenisms to hide reality

James Dye,

Members of Congress were told they could face martial law if they didn't pass the bailout bill. This will not be the last time.

James Dye,

Everyone is always in favor of general economy and particular expenditure.

Sir Anthony Eden,

The rate of interest acts as a link between income-value and capital-value

Irving Fisher, economist

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

John Kenneth Galbraith, economist

Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.

John Kenneth Galbraith, economist

Commerce changes the fate and genius of nations.

Thomas Gray, poet

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

Friedrich A. Hayek,

There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.

John Hicks,

First rule of Economics 101: our desires are insatiable. Second rule: we can stomach only three Big Macs at a time.

Doug Horton,

Commerce is one of the daughters of Fortune, inconsistent and deceitful as her mother. she chooses her residence where she is least expected, and shifts her home when in appearance she seems firmly settled.

Ben Johnston,

The economy depends about as much on economists as the weather does on weather forecasters.

JeanPaul Kauffmann,

Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.

John Fitzgerald Kennedy, president

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

John Maynard Keynes, economist

So-called austerity, the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. Pull in your belt is a slogan closely related to gird up your loins, or the guns-butter metaphor.

Percy Wynham Lewis,

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

Peter Lynch, businessman

When someone says that the free market isn't working, what he means is that he doesn't like the way the free market is working.

Nicolas Martin,

A nation is not in danger of financial disaster merely because it owes itself money.

Andrew William Mellon,

The freedom to make a fortune on the stock exchange has been made to sound more alluring than freedom of speech.

Sir John Mortimer,

If you laid ever economist in the country end to end you would still not reach a conclusion.

Salvador Nasello,

In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.

Ezra Pound, poet

We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.

Ronald Reagan, president

But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.

Franklin D. Roosevelt, president

If we can boondoggle ourselves out of this depression, that word is going to be enshrined in the hearts of the American people for years to come.

Franklin D. Roosevelt, president

I see one-third of a nation ill-housed, ill-clad, ill-nourished.

Franklin D. Roosevelt, president

Profit is the ignition system of our economic engine.

Charles Sawyer,

Economy is too late when you are at the bottom of your purse.

Marcus Annaeus Seneca Seneca The Elder, rhetorician

The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Thomas Sowell, economist

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.

James Thurber, comedian

Give me a one-handed economist! All my economists say, On the one hand on the other.

Harry S Truman,

October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.

Mark Twain, author

The recent gain in the stock market is like climbing half-way up a ditch, which is great, but you're still in the ditch

Quinn Van Zanten,

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.

H. G. [Herbert George] Wells,

The only reason to invest in the market is because you think you know something others don't.

R. Foster Winans, journalist

With impressive proof on all sides of magnificent progress, no one can rightly deny the fundamental correctness of our economic system.

Herbert Hoover, president

If they are willing to give women economic freedom in that home, if they are willing to live by the standard they wish women to live by, then homes will be preserves.

Agnes Macphail, politician

Brains, integrity, and force may be all very well, but what you need today is Charm. Go ahead and work on your economic programs if you want to, I'll develop my radio personality.

Gracie Allen, comedian

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Joseph Stiglitz, economist

The one big strategic error - which was a political error and an economic error of grand proportions - was the prescription drug bill.

David Keene,

The object of China's strategy is inexorably to supplant the United States as the world's premier economic power, and if necessary, to defeat us militarily.

Frank Gaffney, writer

The minimum wage was enacted in 1937 during the Great Depression and it has been increased 16 times. It's a well-established economic policy to help families.

John Freeman, politician

For a good chunk of Israelis, it doesn't matter who is in power when it comes to dealing with the Palestinians. Their focus was more on economic issues.

Jonathan Katz, comedian

Japan's inexplicable lack of response to even consider a move to re-open their market to U.S. beef will sorely tempt economic trade action against Japan.

Saxby Chambliss, politician

Nevada once again has shown double digit increases in tax revenue... Nevada continues to show economic stability with its desirable business climate and booming tourism sector.

Kenny Guinn, politician

These are challenging times for all Americans. We face the specter of war abroad and a steady stream of bad economic news at home.

Robert Matsui, politician

Tonight, you are hearing from the Democratic women of the Senate... We stand together on so many issues: economic prosperity, quality education for all, protecting a woman's right to choose.

Barbara Boxer, politician

I took the initiative in moving forward a whole range of initiatives that have proven to be important to our country's economic growth, environmental protection, improvements in our educational system.

Al Gore, vice president

Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human needs, including the impulse to self actualization and the love for the highest values.

Abraham Maslow, psychologist

We must also win really sufficient and, above all, practical, guarantees for the freedom of the seas and for the further fulfilment of our economic and political tasks throughout the world.

Bernhard von Bulow, statesman

Just as men must give up economic control when their wives share the responsibility for the family's financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.

Augustus Y. Napier,

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

Ben Bernanke,

Every month that we do not have an economic recovery package 500 million Americans lose their jobs.

Nancy Pelosi, politician

In order to achieve optimal economic growth, Congress must adhere to sane spending guidelines while promoting smart policies devoted to growing businesses and creating jobs.

Michael Steele, politician

The realities of the modern global economy require government to play a substantial role in ensuring the national and economic security of the people.

Matthew Continetti, journalist

The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.

Timothy Geithner, public servant

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

Timothy Geithner, public servant

I don't want to go negative on Franklin Delano Roosevelt, but he didn't pass an economic deal in the first 100 days. We have passed the largest Recovery Act in the history of the country.

Rahm Emanuel, politician

I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth.

Angela Merkel, statesman

Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.

Karl Rove, politician

The reality is the cap-and-trade legislation offered by the Democrats amounts to an economic declaration of war on the Midwest by liberals on Capitol Hill.

Mike Pence, politician

Within the U.S., the Obama presidency will be mainly measured by the success or failure of his economic policies. And here, I fear, the monstrous stimulus package with which this administration stumbled out of the gate will prove to be Obama's Waterloo.

Camille Paglia, author

You would have to say his number one accomplishment has been to inspire a sense of confidence in the country. That confidence, that optimism, not only gives President Obama a political cushion, but it could have a real world economic impact.

George Stephanopoulos, journalist

I know it's going to be the private sector that leads this country out of the current economic times we're in. You can spend your money better than the government can spend your money.

George W. Bush, president

Have you heard a single national figure tell you all of the crises of the recent past are not economic, they're cultural?

Newt Gingrich, politician

The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.

Christina Romer, economist

I beg you, look for the words 'social justice' or 'economic justice' on your church Web site. If you find it, run as fast as you can. Social justice and economic justice, they are code words.

Glenn Beck, journalist

If we make the tough decisions now, we will be one year ahead of 80 percent of the states in the race to economic growth. If we fail to act, we will fall even further behind... by going first, we can become first.

Chris Christie, politician

Free is really, you know, the gift of Silicon Valley to the world. It's an economic force, it's a technical force. It's a deflationary force, if not handled right. It is abundance, as opposed to scarcity.

Chris Anderson, businessman

Green technologies - going green - is bigger than the Internet. It could be the biggest economic opportunity of the 21st century.

John Doerr, businessman

We all knew this. We all knew that it would take more time than any of us want to dig ourselves out of this hole created by this economic crisis.

Barack Obama, president

I respect the state workers and I respect their unions, but we simply can't afford to pay benefits and pensions that are out of line with economic reality.

Andrew Cuomo, politician

We have to change course. And we have to do so now. That is why I worked with my colleagues in Washington to pass the Economic Recovery and Reinvestment Act.

Debbie Wasserman Schultz, politician

All too often in tough economic times, it is the environment that gets left on the cutting room floors of Congress as everyone scraps for limited federal dollars.

Debbie Wasserman Schultz, politician

When my job was attempting to predict future economic developments for the Shell oil company, I was frequently reminded of an Arabic saying: 'Those who claim to foresee the future are lying, even if by chance they are later proved right.'

Vince Cable, politician

New Labour was the most short-sighted, self-serving, incompetent, useless, and ineffective government that Britain has ever known. Make no mistake, Labour's economic policies were a national security liability.

Liam Fox, politician

When you look at the state of the economy right now, you have to set a priority. And my top priority is the deficit of jobs and economic growth, and especially this perception that the United States could be falling behind especially Asian economies.

Mark Kirk, politician

The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.

George W. Bush, president

And the cornerstone of my economic policies, when I first got elected, was cutting taxes on everybody on who paid taxes.

George W. Bush, president

In dire economic times, movies are relatively inexpensive entertainment for the whole family.

John Lasseter, director

Democratic priorities remain clear: to provide a tax cut for working families, to promote policies that produce jobs and economic growth, and to assist millions of our fellow Americans who have lost their jobs through no fault of their own.

Nancy Pelosi, politician

Are we interested in treating the symptoms of poverty and economic stagnation through income redistribution and class warfare, or do we want to go at the root causes of poverty and economic stagnation by promoting pro-growth policies that promote prosperity?

Paul Ryan, politician

We need to reclaim our American system of limited government, low taxes, reasonable regulations, and sound money, which has blessed us with unprecedented prosperity. And it has done more to help the poor than any other economic system ever designed.

Paul Ryan, politician

By failing seriously to confront the most predicable economic crisis in our nation's history, the President's policies are committing us and our children to a diminished future.

Paul Ryan, politician

Finally, treat domestic energy production as the economic necessity it is and the job creator it can be. Drill, and frack, and lease, and license, unleash in every way the jobs potential in the enormous energy resources we have been denying ourselves.

Mitch Daniels, politician

Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I had not previously known about.

Herman Cain, businessman

Here's the problem if you keep raising tax rates: You slow down economic growth.

Paul Ryan, politician

The fact is, when it comes to economic leadership, the Republicans have nothing to brag about. This isn't what the American people want. They want to see progress that works for them.

Debbie Wasserman Schultz, politician

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

Julia Gillard, statesman

Here in Australia we do get impacted by global economic events. But we should have some confidence that our economy has got strong underlying fundamentals.

Julia Gillard, statesman

One of the reasons the deficit got as big as it did, frankly, was because of the economic slowdown, the fall-off in deficits, the terrorist attacks. A significant chunk was taken out of the economy by what happened after the attacks of 9/11.

Dick Cheney, vice president

You have to take away some of tax breaks for the wealthy, and you have to cut back on some entitlements. Because, unless we do all of these things, it just doesn't work. And what's good theater and what's good politics isn't necessarily good economic policy.

Michael Bloomberg, politician

The more I support with my economic plans the building of a middle class, the quicker they're going to turn around and say, 'Hey, we want a bigger say in things.' So, I knew what I was getting into right at the beginning. It's the right thing to do.

King Abdullah II, statesman

No matter what's happening in the Middle East - the Arab Spring, et cetera, the economic challenges, high rates of unemployment - the emotional, critical issue is always the Israeli-Palestinian one.

King Abdullah II, statesman

So Europe needs to be competitive and we also need to be competitive if we wish to remain an interesting economic partner for the United States. This has to be done on the basis of strength, of competitiveness.

Angela Merkel, statesman

The biggest - one of the biggest barriers to driving economic growth is the capital gains tax rate. I propose taking it to zero.

Herman Cain, businessman


Famous authors of economic quotes

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John Kenneth Galbraith quotes 83 economic quotes
Todor Zhivkov quotes 9 economic quotes
Henry Hazlitt quotes 7 economic quotes

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