economy Quotes

“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.”

“There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.”

“Any new financial order for the world must tackle the three chief challenges of our age.”

“By all but the pathologically romantic, it is now recognized that this is not the age of the small man.”

“What goes on in Europe concerns us greatly because, if Europe comes apart, the E.U. comes apart, then you're going to have enormous impact on America, that's a very big trading partner of ours, and people own securities around the world in this day and age.”

“As a result of the digital age and the decline of first-class mail, there is no question that the Postal Service must change and develop a new business model.”