Economics Quotes

"The hardest thing to understand in the world is the income tax" "The hardest thing in the world to understand is the income tax." "Stories may well be lies, but they are good lies that say true things, and which can sometimes pay the rent." "I don't understand really rich people. They live in another universe." "The themes of cycles are really the only things you have to understand in order to understand everything I took away from 50 years in the markets" "One of history’s few iron laws is that luxuries tend to become necessities and to spawn new obligations." "Cash is oxygen." "I think China will always have a role in global trade." "All money is a matter of belief" "Buy and sell concepts are easy to understand." "We don’t have a monopoly. We have market share. There’s a difference" "Competitive markets destroy profits" "The only way not to think about money is to have a great deal of it" "The first lesson of economics is scarcity: There is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics" "Money won't buy happiness, but it will pay the salaries of a large research staff to study the problem" "Inflation is taxation without legislation." "There is no greater spellbinder of the mind than the chime of silver coins upon a begging plate." "The love of money is not the root of all evil. The lack of money is the root of all evil." "You cannot control your own population by force, but it can be distracted by consumption." "Nothing is so permanent as a temporary government program"