economics Quotes

If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers.

Antitrust is the way that the government promotes markets when there are market failures. It has nothing to do with the idea of free information.

Bitcoin is mostly about anonymous transactions, and I don't think over time that's a good way to go. I'm a huge believe in digital currency... but doing it on an anonymous basis I think that leads to some abuses, so I'm not involved in Bitcoin.

Rich countries can afford to overpay for things.

China is certainly an important player in the global economy, and a widespread AIDS epidemic would threaten that growth.

India is more of an aid recipient than a provider of aid.

Capitalism has worked very well. Anyone who wants to move to North Korea is welcome.

You know capitalism is this wonderful thing that motivates people, it causes wonderful inventions to be done. But in this area of diseases of the world at large, it's really let us down.

We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well.

In a budget, how important is art versus music versus athletics versus computer programming? At the end of the day, some of those trade-offs will be made politically.