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"The attraction of monetarism was not its intellectual simplicity inflation is a matter of the money supply, but that it elevated the fear to the unique position which could not be justified by the experience of numerous countries who habitually suffer from it." -Nicholas Kaldor

"If conquest constitutes a natural right on the part of the few, the many have only to gather sufficient strength in order to acquire the natural right of reconquering what has been taken from them." -Karl Marx

"Economists think about what people ought to do. Psychologists watch what they actually do." -Daniel Kahneman

"The State is a sovereign body of which the purpose is to promote the greatest good of the whole." -John Maynard Keynes

"Since our premises are always necessarily more or less false, good theorizing consists to a large extent in avoiding assumptions like these, where a small change in what is posited will seriously affect the conclusions.” -William J. Baumol

"It may well be the task of a new generation of economists to produce that break with orthodox economics that was started, genuinely attempted, strongly pursued, but not accomplished by Keynes and the Keynesian group." -Luigi Pasinetti

The latest update to GPD Dynamics Nowcast has increased to 1.9% SAAR for Q2 in the US. (My side project) The advance estimate for Q2 2026 U.S. GDP will be released on by the U.S. Bureau of Economic Analysis. See gdpdynamics.com

"The trouble is that neoclassical economists confuse risk with uncertainty." -Paul Davidson

"Democracy cannot succeed unless those who express their choice are prepared to choose wisely. The real safeguard of democracy, therefore, is education." -Franklin D. Roosevelt

"There is one good thing about Marx: he was not a Keynesian."   -Murray Rothbard

"Separate two of the most important issues regarding entitlements: the government’s financial ability to pay and our economy’s productive capacity to deliver promised real benefits." -Stephanie Kelton

"The great events of history are often due to secular changes in the growth of population and other fundamental economic causes, but are often attributed to the follies of statesmen or the fanaticism of atheists." -John Maynard Keynes

"It would be unfair to blame Lord Keynes too much for the undoubted harm his theories have done, for I am convinced from personal knowledge that had he lived he would have been one of the leaders in the fight against the postwar inflation." -Friedrich Hayek

''For my part I think that capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself it is in many ways extremely objectionable.'' -John Maynard Keynes

"There are two kinds of (economic) forecasters: those who don't know, and those who don't know they don't know." -John Kenneth Galbraith

"Teach a parrot the terms 'supply and demand' and you've got an economist." -Thomas Carlyle

"Land is the source or matter from which all wealth is drawn, man's labor provides the form for its production, and wealth in itself is nothing but food, conveniences, and the pleasure of life." -Richard Cantillon

''Even a modest Basic Income program could become a stepping-stone toward the most profound transformation of all: to unlatch work from livelihood entirely.'' -David Graeber

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today." -Lawrence J. Peter