Economist Quotes

“People who think that they are being 'exploited' should ask themselves whether they would be missed if they left, or whether people would say: 'Good riddance?'”

“Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.”

“Most variables can show either an upward or downward trend, depending on the base year chosen.”

“There are only two economists in Congress and hundreds of lawyers. Does that explain why the government is in such a mess?”

“Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions.”

“Sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today's problems are a result of yesterday's solutions.”

“If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 60 years ago, a liberal 30 years ago and a racist today.”

“All too often, we do smart things only after exhausting every conceivable dumb thing we could have done.”

“Child poverty in the United States declined after the work requirement was put in there. People realized that they had to work and people went out and worked and they got off welfare.”

“No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.”

“Over the generations, black leaders have ranged from noble souls to shameless charlatans.”

“The vision of the anointed is one in which ills as poverty, irresponsible sex, and crime derive primarily from 'society,' rather than from individual choices and behavior. To believe in personal responsibility would be to destroy the whole special role of the anointed, whose vision casts them in the role of rescuers of people treated unfairly by 'society'.”

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

“Even the Soviet Union, with its huge nuclear arsenal, was a threat that could be deterred by the prospect of retaliation. But suicide bombers cannot be deterred. They can only be annihilated - preemptively and unilaterally, if necessary.”

“If you have a right to respect, that means other people don't have a right to their own opinions.”

“Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.”

“You have to have a sense of humor if you follow politics. Otherwise, the sheer fraudulence of it all will get you down.”

“Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.”

“Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only the ideas of an Edison or a Ford but the ideas of innumerable anonymous people who figure out the design of supermarkets, the location of gasoline stations, and the million mundane things on which our material well-being depends. Societies which have more people carrying out physical acts and fewer people supplying ideas do not have higher standards of living. Quite the contrary.”

“Let's face it, most of us are not half as smart as we may sometimes think we are-- and for intellectuals, not one-tenth as smart.”

“The inefficiency of political control of an economy has been demonstrated more often, in more places, and under more varied conditions, than almost anything outside the realm of pure science.”

“If a word means everything, then in means nothing.”

“When a highly successful leader retires after a long career, it is very unlikely that his successor will be of comparable caliber. Anyone of similar ability and drive would have gone somewhere else, instead of waiting in the wings for years for a chance to show his own leadership.”

“The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.”

“The demands of unbounded individualism need to be weighed in the light of inherent social constraints which can only change their form but cannot be eliminated without eliminating civilization.”