Posts Tagged ‘economics’
Next Page »Steve Keen: Banks, Debt, Money
on Sunday, May 21, 2023Meaning of Steve Keen Money Quote: saying economists don’t discuss some important aspects for economic models ignoring key points. Steve Keen said:
“If you look at mainstream economics there are three things you will not find in a mainstream economic model – Banks, Debt, and Money … Like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings” — Steve Keen
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Nassim Nicholas Taleb: Cure Greed
on Friday, April 14, 2023Meaning of Nassim Nicholas Taleb Money Quote: saying it’s naive to believe that experts in finance industry, of greed, banking & Economics. Nassim Nicholas Taleb said:
“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending” — Nassim Nicholas Taleb
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Ben Bernanke: Economics Engine
on Tuesday, January 18, 2022Ben Bernanke Money Quote saying that learning economics is similar to manufacturing a car while it is being driven. Ben Bernanke said:
“Economics is a very difficult subject. I’ve compared it to trying to learn how to repair a car when the engine is running” — Ben Bernanke
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Joe Biden: Trickle Down Economics
on Wednesday, July 28, 2021Joe Biden Money Quote saying that history shows that ‘trickle-down’ economics fails those at the bottom. The middle class must do well first. Joe Biden said:
“Trickle-down economics has never worked, but when working families do well — everybody does well. That’s what the economy we’re building is all about” — Joe Biden
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Trickle-down economics has never worked, but when working families do well — everybody does well.
That’s what the economy we’re building is all about.
— President Biden (@POTUS) July 28, 2021
Biden argues that trickle-down economics, also known as supply-side economics, has failed to deliver promised benefits to the middle and lower classes. The core idea of trickle-down economics is that tax cuts for corporations and wealthy individuals will cause them to invest and spend more, creating jobs and economic growth that benefits everyone.
However, Biden and other critics say there is little evidence this effect trickles down significantly. They argue the economy performs better when the middle class has more disposable income to spend, driving broader consumer demand and growth from the middle-out rather than the top-down.
John Hope Bryant: Economic Slave
on Thursday, November 5, 2020John Hope Bryant Money Quote saying If you don’t comprehend the language of money, you are likely to become a slave to economics. John Hope Bryant said:
“If you don’t understand the language of money, and you don’t have a bank account, then you’re just an economic slave” — John Hope Bryant
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John Kenneth Galbraith: Study $
on Monday, September 28, 2020John Kenneth Galbraith Money Quote saying of all the fields of economic understanding, the study of money is the muddiest and least clear. John Kenneth Galbraith said:
“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it” — John Kenneth Galbraith
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Quincy Jones: Disguise Economics
on Thursday, June 4, 2020Quincy Jones Money Quote saying racism disguises financial motives, however feeble. Quincy Jones said:
“I found this out over the years, that racism is a thinly veiled disguise over economics and money. It really is” — Quincy Jones
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Ellen Willis: Free-Market Economics
on Saturday, December 14, 2019Ellen Willis Money Quote saying allowing the free market to run it’s course assumes rational, expected behavior. Ellen Willis said:
“The crackpot rationalism of free-market economics merely relies on an abstract model of how people ‘must’ behave” — Ellen Willis
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