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Quotes, Aphorisms, Laws, and Thoughts
A budget is just a method of worrying before you spend money, as well as afterward.
Among economists, the real world is often a special case.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Laurence J. Peter (1919-1990)
Astrology was invented so that Economics could become a science.
Blessed are the young, for they shall inherit the national debt.
Herbert Hoover (1874-1964)
Capitalism is the unequal distribution of wealth; communism is the equal distribution of poverty.
Drive-in banks were established so that cars could see their real owners.
E. Joseph Cossman (1918-2002)
Economics exams set the same questions year after year, it's the answers that change.
Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith (1908-2006)
If all the economists in the world were laid end to end, they wouldn't reach a conclusion.
George Bernard Shaw (1856-1950)
It's not hard to meet expenses, they're everywhere.
Live within your income, even if you have to borrow to do so.
Mathematics has given economics rigour, but alas, also mortis.
Robert Heilbroner (1919-2005)
Never serve oysters during a month that has no paycheck in it.
P.J. O'Rourke (1947- )
Religion is what keeps the poor from murdering the rich.
Napoleon Bonaparte (1769-1821)
Robin Hood only robbed the rich because the poor had no money.
Taxation without representation was probably cheaper.
The avoidance of taxes is the only intellectual pursuit that carries any reward.
John Maynard Keynes (1883-1946)
The conviction of the rich that the poor are happier is no more foolish than the conviction of the poor that the rich are.
Mark Twain (1835-1910)
There are three dimensions to credit cards: length, width and debt.
There are three types of economist: those who can count, and those who cannot.
There is no free lunch.
Milton Friedman (1912-2006)
To turn $100 into $110 is work. To turn $100 million into $110 million is inevitable.
Edgar Bronfman (1929-2013)