Wisdom from the Great Economists
“The purpose of an economist is to tell you what is going to happen in the future, and then when it does not, to tell you why not.”
Winston Churchill
“If you want to go to a halloween party dressed up like an economist, it’s easy, just put egg on your face.”
Ronald Reagan
“If a trend is unsustainable, then it will not go on forever.”
Herb Stein
“Thrift is a wonderful virtue, particularly in an ancestor.”
Mark Twain
“Don’t gamble. Put all your money in one stock and if goes up, sell it. If it doesn’t go up, don’t buy it.”
Will Rogers
“Capitalism strives for a delicate balance. It attempts to work things out so that everyone gets enough stuff to keep them from getting violent and trying to take other people’s stuff.”
George Carlin