2214 quotes by economists for you to enjoy

I'm a Ph.D. in economics, and so you analyze every situation uniquely because every international situation is unique. Dave Brat

You Economics Situation Every Analyze Because International Unique Uniquely

I'm not anti-Wall Street - I'm anti-distortions to free markets. Dave Brat

Free Markets Free Markets Street

In terms of personalities - I don't care about the personalities, I want leadership that's in favor of my principles: free markets, adherence to the Constitution, and equal treatment for everyone under the law. Dave Brat

Leadership Constitution Law Care Free Everyone Markets Favor Adherence About Free Markets Equal Terms Principles dont Care Want Personalities Treatment

I like Ronald Reagan, who didn't play crass politics, and he just articulated and delivered on broad themes that were needed. Free markets meant free markets. Deregulation. Lower tax rates. Strong national defense. And he was credible and believable. Dave Brat

Politics Strong Free National Defense Broad Markets Strong National Defense Rates Free Markets Delivered He Like Reagan Were National Defense Articulated Just Tax Tax Rates Ronald Reagan Themes Lower Meant Deregulation Who Believable Play Credible Needed

If you really want to help the rest of the world, what you've got to do is encourage free markets, private property rights and the strong rule of law and get rid of the dictators in a lot of these countries. Dave Brat

You Property Rights World Strong Law Rest Free Rule Rule Of Law Markets Property Rights Free Markets Countries Got Private Encourage Lot Private Property Dictators Get Want Really Rid Help

The political Right likes to champion individual rights and individual liberty, but it has also worked to enforce morality in relation to abortion, gambling, and homosexuality. Dave Brat

Rights Champion Liberty Abortion Political Relation Morality Individual Individual Liberty Individual Rights Also Likes Worked Enforce Gambling Right Homosexuality

A vote for Eric Cantor is a vote for open borders. A vote for Eric Cantor is a vote for amnesty. Dave Brat

Vote Borders Open Eric Amnesty

My hero Socrates trained Plato on a rock. How much did that cost? So the greatest minds in history became the greatest minds in history without spending a lot of money. Dave Brat

History Money Hero Minds Spending Cost Became Without Greatest Rock How How Much Lot Trained Did Much Plato Socrates

China and India are feeding their people for the first time in human history due to free markets, and the Left knows that, and it gets them nervous. Dave Brat

If we make all of the people good, markets will be good. If markets are bad, which they are, that means people are bad, which they are. Want good markets? Change the people. Dave Brat

Good Change People Will Markets Bad Make Want Which Means

The good news is dollars don't vote, people do. Dave Brat

Good News Vote People Good News Dollars

The American people want to pay attention to serious ideas again. Our founding was built by people who were political philosophers, and we need to get back to that, away from this kind of cheap political rhetoric of Right and Left. Dave Brat

People Political Pay Pay Attention Philosophers Back Our Kind Cheap Attention Ideas Built Were Left Get American Want Rhetoric Again American People Who Serious Away Founding Right Need

The issue is the Republican Party has been paying too much attention to Wall Street and not enough attention to Main Street. Dave Brat

Too Much Party Too Enough Has-Been Main Main Street Attention Issue Been Wall Wall Street Republican Republican Party Much Much Attention Paying Street

I don't think the federal government should be involved in making life work, right? I mean, the enumerated powers - the state level is fine. The local level's fine. But not - I do not want the federal government trying to make my life work. Dave Brat

Fannie and Freddie made two-thirds of all subprime mortgages. That is not a free market institution. That entity, along with the Fed printing too much money back in '03 and '04, caused the housing collapse. So we need to take free markets seriously. That means we have to put an end to all these tax credits and tax deductions and loopholes. Dave Brat

Money Seriously Too Much Made Free Too Too Much Money Back Market Markets Collapse Entity Free Market Free Markets Fed Take Put Mortgages Along Institution Loopholes Housing Printing Caused End Tax Much Means Deduction Credits Need Two-Thirds

The last 200 years, we've had an incredible amount of automation. We have tractors that do the work that horses and people used to do on farms. We don't dig ditches by hand anymore. We don't pound tools out of wrought iron. We don't do bookkeeping with books! But this has not, in net, reduced the amount of employment. David Autor

Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market. David Autor

Good People Benefits Benefit Market More Mysterious Exchange Main Advantage Idea Since Economists Come Principle Trade Understood Era Labor Than Victorian Then Comparative Specialization Specialize

The U.S. tends to export high-tech goods because we have strong comparative advantage there, and we tend to import labor-intensive and less skill-intensive goods that other countries can do more cheaply. David Autor

Strong Other Other Countries More Tend High-Tech Tends Cheaply Advantage Countries Goods Import Because Less Export Comparative

Work is really wrapped up with identity. Work is not just money for most people. David Autor

Work People Money Wrapped Most Identity Up Just Really

I'm not yet convinced that we will face an unemployment problem created by AI. There will certainly be some occupations eliminated - drivers of vehicles, many production jobs, etc. Whether this creates mass unemployment depends on how quickly this happens. If it happens overnight, it will be a huge disruption. David Autor

Problem AI Will Face Jobs Some Drivers Vehicles Mass Occupations How Overnight Huge Quickly Unemployment Depends Happens Whether Etc Created Creates Convinced Production Certainly Many Eliminated Disruption

People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs. David Autor

Saying Good People Competition Better Google Think Beneficial Everything About General Costs Tend Wins Better Off Clear Between Also Trade Makes Loses False Off Nations Want Companies Now Apple

The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year, one third of the time. But most people don't choose to do that. They are willing to work hard to harvest the technological bounty that is available to them. Material abundance has never eliminated perceived scarcity. David Autor

Work Time People Work Hard Year Living Harvest Willing Scarcity One-Third Perceived Could Attain Weeks Never Abundance Bounty Most Material Just Wanting Available Them Average Worker Working Hard Choose Standard Technological Eliminated Third

China's rise is really a kind of a world historical event. This is the largest country in the world. It has caused a wholesale substantial contraction of U.S. manufacturing employment. David Autor

World Country Kind Rise Employment Caused Historical Contraction Substantial China Really Manufacturing Wholesale Event Largest

Work is what structures adults' lives: it gives us purpose, focus, a set of responsibilities, and an identity. So when people are not participating in the labour market, all sorts of other things often start to go wrong. David Autor

Quotes by Economists