Quotes in economics

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Inflation is the one form of taxation that can be imposed without legislation.

There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.

It is easy to date an earthquake, but not an economic decline.

The only function of economic forecasting is to make astrology look respectable.

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

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

It's a recession when your neighbor loses his job; it's a depression when you lose yours.

If you bail out every investment bank that gets in trouble, that’s not capitalism, that’s socialism for the rich.

You can't incent a dead person. No matter what we do, Hawthorne will not produce any more works, no matter how much we pay him.