Quotes on Economics

Deregulation only works when everybody is virtuous and flexible.

I've always said if you spend 13 minutes a year on economics, you've wasted 10 minutes.

The fabric of civilization today is woven of millions of threads. No spot in it is so strong that it will not feel some effect from a weakening at any point.

There are economic facts and there's economic predictions and economic predictions are a total waste.

Extrapolation is usually right, but not valuable, and predictions of deviation from trends are potentially profitable but rarely right. So far, macro-economic forecasting doesn't represent the path to superior investments.

I've listened to a lot of economic briefings, and I've had a lot of visits from economists, and I've never encountered one who was right consistently.

If you totally divorce economics from psychology, you've gone a long way toward divorcing it from reality.

The great lesson in microeconomics is to discriminate between when technology is going to help you and when it’s going to kill you.