Economics Quotes

"Tell me how much a dollar cost" "Competitive markets destroy profits" "The reason that 'gouge' is not treated as a serious matter is that it is so universal and conducted on so large a scale" "There is no such thing as a free lunch." "Money is not the only answer, but it makes a difference." "Sometimes your best investments are the ones you don’t make" "Here are additional quotes by Charlie Munger:" "All the real benefits in life come from compound interest" "If a free society cannot help the many who are poor, it cannot save the few who are rich" "It is much easier to scam people for billions than it is to scam them for millions" "A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain." "Price is what you pay; value is what you get" "The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries." "You don't pay taxes, they take taxes" "The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization." "The production of too many useful things results in too many useless people" "The best way to destroy the capitalist system is to debauch the currency" "Money is better than poverty, if only for financial reasons" "Socialism doesn't work because people need to be free" "Price is what you pay. Value is what you get"