Thursday, March 24, 2011

Quotes of the Day: Economics and Politics

1. "Economists are often asked to predict what the economy is going to do. But economic predictions require predicting what politicians are going to do-- and nothing is more unpredictable."

2. “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”

~Thomas Sowell


At 3/25/2011 9:54 AM, Blogger Cyril Morong said...

Great. I like it.


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