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Unknown author — Aphorisms about Economics

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Unknown author — Aphorisms about Economics
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“To the question: “What is the square root of two?” - the physicist will answer without hesitation: “This is a quantity of the order of unity.” The engineer will do the calculations and say, “About 1.41.” The economist will ask: “How much do you need?””

“The more government there is in an economy, the less savings there are in government.”

“If the law of supply and demand is responsible for current prices, legislators must abolish it.”

“Deflation is when the prices of all goods decrease, except for those that you have long wanted to buy.”

Translated from Russian · source: wisdomlib.ru

Folk wisdom — Aphorisms about Economics