Economics – Quotes Meaning

" Economics " 下共有 6 篇文章

"Avoiding inflation is not an absolute imperative but rather is one of a number of conflicting goals that we must pursue and that we may often have to compromise."

The work and insights of Paul Samuelson, a famous economist and the first American to win the Nobel Prize in Economics, significantly advanced economic theory. One of his noteworthy theories concerns managing inflation and striking a balance between various economic goals. If inflation is not contro…

"If you have a private firm and you spend a ton of money to pay employees, but what you produce is a flop, there will be no value to GDP. But government spending all gets counted as contributing to economic growth. That’s why in the early days of creating these measurements, some people didn’t want to count government spending."

- Robert Higgs

Economist and historian Robert Higgs, who is well-known for his work on political economy, has noted that economic indicators such as GDP can occasionally overlook important facets of a nation's economic health. He makes the point that private businesses' efforts do not support the expansion of the …

"‘Redistributing the wealth’ – that phrase gets used so much that you almost get numb to it."

- Boots Riley

American rapper and filmmaker Boots Riley frequently addresses social issues in his work. He is renowned for his astute observations regarding American political structures and economic disparity. In one of his remarks, he noted that overuse of the phrase can cause it to lose its impact when discuss…

"A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank."

- Ron Paul

Renowned American author and politician Ron Paul has devoted a significant portion of his career to promoting a return to sound economic principles. According to him, real capitalism depends on money that has intrinsic value rather than being artificially inflated by government action. Consider a ma…

"It is free enterprise and the determination to succeed which generates opportunity and wealth for our society, and in doing so provides the money we need to deliver the high quality public services that we all want."

- Chris Grayling

Prominent British politician Chris Grayling frequently talks about the value of individual ambition and economic freedom in promoting societal advancement. He believes that more opportunities for everyone result from an atmosphere that allows businesses to flourish without undue regulation. Consider…

"It is important to recognise near- and medium-term risks to the inflation outlook."

- Urjit Patel

Urjit Patel is a well-known individual who frequently comes to mind when talking about economic stability. Known for his perceptive analysis of financial issues, he was a Deputy Governor of the Reserve Bank of India. Recognizing possible short- and medium-term inflationary threats is a crucial compo…