Quotes about Economics

On tight money: It reflects a reversion to the old idea that the tree can be fertilized at the top instead of at the bottom - the old trickle-down theory.

I challenge you to show me where the saloon has ever helped business, education, church, morals or anything we hold dear.

At the bottom of education, at the bottom of politics, even at the bottom of religion, there must be for our race economic independence.

Industrial agriculture characteristically proceeds by single solutions to single problems: If you want the most money from your land this year, grow the crops for which the market price is highest.

I was trained as an economic theorist; my job at MIT was as an economic theorist. At some level that's still part of my identity.

We already know the emissions number; it's 51 billion tons each year. As for the cost of removing a ton of carbon from the air, that figure hasn't been firmly established, but it's at least $200 per ton. With some innovation, I think we can realistically expect it to get down to $100 per ton, so that's the number I'll use. That gives us the following equation: 51 billion tons per year x $100 per ton = $5.1 trillion per year

Extra heat won't be good for the animals we eat and get milk from; it will make them less productive and more prone to dying young, which in turn will make meat, eggs, and dairy more expensive.

I believe totally in a Capitalist System, I only wish that someone would try it.

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

Out of this modern civilization economic royalists carved new dynasties…. The royalists of the economic order have conceded that political freedom was the business of the Government, but they have maintained that economic slavery was nobody's business.

We have here a human as well as an economic problem. When humane considerations are concerned, Americans give them precedence. The lessons of history, confirmed by the evidence immediately before me, show conclusively that continued dependence upon relief induces a spiritual and moral disintegration fundamentally destructive to the national fibre. To dole out relief in this way is to administer a narcotic, a subtle destroyer of the human spirit.

More striking still, it appeared that, if the process of concentration goes on at the same rate, at the end of another century we shall have all American industry controlled by a dozen corporations and run by perhaps a hundred men. Put plainly, we are steering a steady course toward economic oligarchy, if we are not there already.