“Then the shit hit the fan.”

— John Kenneth Galbraith, A Life in Our Times, Share via Whatsapp

“Inflation consists of subsidizing expenditures that give no returns with money that does not exist.”

— Jacques Rueff, Share via Whatsapp

“Inflation destructs a Society in a way that a Cougar hunts a Stag.”

— Richy Valdes, Share via Whatsapp

“A healthy Banking system is one of the vital parts of a nation s foundation.”

— Hendrith Smith, Essays on The Banking Industry, Share via Whatsapp

“The majority is almost certainly wrong. If you can, try contributing to the global market, not the local one. If you face excessive regulation or over-taxation, move to another country.”

— Durov Pavel, Share via Whatsapp

“It s easy to make money when you have a lot of it.”

— Max Tegmark, Our Mathematical Universe: My Quest for the Ultimate Nature of Reality, Share via Whatsapp

“The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles. But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that d still be keeping his feet dry in ten years time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. This was the Captain Samuel Vimes Boots theory of socioeconomic unfairness.”

— Terry Pratchett, Men at Arms: The Play, Share via Whatsapp

“The complexity of our present trouble suggests as never before that we need to change our present concept of education. Education is not properly an industry, and its proper use is not to serve industries, either by job-training or by industry-subsidized research. It s proper use is to enable citizens to live lives that are economically, politically, socially, and culturally responsible. This cannot be done by gathering or accessing what we now call information - which is to say facts without context and therefore without priority. A proper education enables young people to put their lives in order, which means knowing what things are more important than other things; it means putting first things first.”

— Wendell Berry, Share via Whatsapp

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”

— Murray N. Rothbard, Share via Whatsapp

“Universal competition, or the effort to always produce more, and always at a lower price... has been a dangerous system.”

— Jean-Charles-Léonard de Sismondi, Share via Whatsapp

“It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes. This is apparent from a social pathology: psychopaths rally followers.”

— Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable, Share via Whatsapp

“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.”

— John Maynard Keynes, Share via Whatsapp

“The time to repair the roof is when the sun is shining. [State of the Union Address January 11 1962]”

— John F. Kennedy, Share via Whatsapp

“We have always known that heedless self interest was bad morals, we now know that it is bad economics.”

— Franklin Delano Roosevelt, Share via Whatsapp

“People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.”

— Muhammad Yunus, Banker to the Poor: Micro-Lending and the Battle Against World Poverty, Share via Whatsapp

“Economics was like psychology, a pseudoscience trying to hide that fact with intense theoretical hyperelaboration. And gross domestic product was one of those unfortunate measurement concepts, like inches or the British thermal unit, that ought to have been retired long before.”

— Kim Stanley Robinson, Blue Mars, Share via Whatsapp

“There is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud”

— Milton Friedman, Share via Whatsapp