"Economists are people who wonder if what..." - Quote by Ronald Reagan

“It's not fair to say that Congress spends money like a drunk sailor. At least the sailor is spending his own money!”

“We speak with pride and admiration of that little band of Americans who overcame insuperable odds to set this nation on course 200 years ago. But our glory didn't end with them. Americans ever since have emulated their deeds.”

“Are you better off than you were four years ago? One of my favorite quotes Is it easier for you to go and buy things in the stores ... Is there more or less unemployment?”

“Globalization has made copper and other minerals more valuable, and Ghana and Kenya have recently discovered mineral resources.”

“What a benefit would the American government, not yet relieved of its extreme need, render to itself, and to every city, village and hamlet in the States, if it would tax whiskey and rum almost to the point of prohibition! Was it Bonaparte who said that he found vices very good patriots? "He got five millions from the love of brandy, and he should be glad to know which of the virtues would pay him as much." Tobacco and opium have broad backs, and will cheerfully carry the load of armies, if you choose to make them pay high for such joy as they give and such harm as they do.”

“Solvency is maintained by means of a national debt, on the principle, "If you will not lend me the money, how can I pay you?"”

“Classical thermodynamics ... is the only physical theory of universal content which I am convinced ... will never be overthrown.”

“A theory is the more impressive the greater the simplicity of its premises is, the more different kinds of things it relates, and the more extended is its area of applicability. Therefore the deep impression which classical thermodynamics made upon me. It is the only physical theory of universal content concerning which I am convinced that within the framework of the applicability of its basic concepts, it will never be overthrown.”

“Laws which are consistent in theory often prove chaotic in practice.”