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Economics Quotes

"The word “disinflation” has been coined in order to avoid the unpopular term “deflation”.…I suppose that presently when “disinflation” also wins its bad name, the Chancellor [Sir Stafford Cripps] will call it “non-undisinflation” and will start again."

"Those who dealt in guineas were not usually of the impoverished class."

"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries."

"Too much money, ain't enough money"

"You don't pay taxes, they take taxes"

"The sinews of war are infinite money"

"The reason that 'gouge' is not treated as a serious matter is that it is so universal and conducted on so large a scale"

"The love of money is not the root of all evil. The lack of money is the root of all evil."

"One of history’s few iron laws is that luxuries tend to become necessities and to spawn new obligations."

"You cannot control your own population by force, but it can be distracted by consumption."

"Sometimes your best investments are the ones you don’t make"

"Consumption is the sole end and purpose of all production"

"The market is not an invention of capitalism. It has existed for centuries. It is an invention of civilization."

"Fiction isn’t bad. It is vital. Without commonly accepted stories about things like money, states or corporations, no complex human society can function"

"War never pays its dividends in cash on the money it costs."

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