economics Quotes

Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.

I know of nothing more despicable and pathetic than a man who devotes all the hours of the waking day to the making of money for money's sake.

Flying cars are not a very efficient way to move things from one point to another.

Me and my dad are the biggest promoters of an estate tax in the US. It's not a popular position.

In low-income countries, getting to a health post is hard. It's very expensive.

If you're using first-class land for biofuels, then you're competing with the growing of food. And so you're actually spiking food prices by moving energy production into agriculture.

In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That's quite clear.

Unemployment rates among Americans who never went to college are about double that of those who have a postsecondary education.

Software substitution, whether it's for drivers or waiters or nurses - it's progressing. Technology over time will reduce demand for jobs, particularly at the lower end of skill set.