Tuesday, May 5, 2009

A Few Economic Notables...

  • Liberal mistake: There needs to be a policy/program to alleviate every problem in the world.
  • Conservative mistake: No vigilance against concentration of power in the private sector.
  • "It's the economy, stupid."
  • A measure of well-being: "Is my income smaller or greater than what it was last year?"
  • The history of economic thought is strikingly similar to the history of women's fashion.
  • Spending $0 on the Iraq War = 90 million kids getting health insurance
  • When we buy manufactured goods at home, we get both the goods and the money.
  • The natural effect of commerce is to lead to peace.

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