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The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

Ernest Hemingway (1898-1961) American Writer.

Economic growth without social progress lets the great majority of people remain in poverty, while a privileged few reap the benefits of rising abundance.

John F. Kennedy (1917-1963) Thirty-fifth President of the USA

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

John Kenneth Galbraith (1908-2007) Canadian-American economist.

But while they prate of economic laws, men and women are starving. We must lay hold of the fact that economic laws are not made by nature. They are made by human beings.

Franklin D. Roosevelt (1882-1945) Thirty-second President of the USA.

Economy is too late when you are at the bottom of your purse.

Seneca (4 BC-65) Roman philosopher and playwright.


If all the economists were laid end to end, they would not reach a conclusion.

George Bernard Shaw (1856-1950) Irish writer.

In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.

Ezra Pound (1885-1972) American poet, critic and intellectual.

There can be economy only where there is efficiency.

Benjamin Disraeli (1804-1881) British politician and author.

Men cannot not live by exchanging articles, but producing them. They live by work not trade.

John Ruskin (1819-1900) English art critic.

Give me a one-handed economist! All my economics say, ''On the one hand… on the other.''

Harry S. Truman (1884-1972) American politician.