An economist is a man who states the obvious in terms of the incomprehensible.
If you say "the economy," you show you're stupid. There's no such thing as the economy. There is not a unity between the forces of production and the relations of production.
In the absence of any short term in common use to represent all desirable things, or things that satisfy human wants, we may use the term Goods for that purpose.
I begin with the renaming of the system. It used to be capitalism. But that evokes [Karl] Marx and [John] Rockefeller. So now we speak of the market system. That is a nice bland expression, which forgets those off-color references.
I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.
A term like capitalism is incredibly slippery, because there's such a range of different kinds of market economies.
I don’t think that politicians should use words like ‘global economic crisis’ because some times when you do, you make a crisis where there was none before.
The most staggering linguistic turnabout for me is the one that equates green economy with 'sustained economic growth.'
Every economy is uncertain. Referring to this or any economy as 'uncertain' is an unnecessary and pessimistic redundancy.
What right have you to take the word wealth, which originally meant well-being, and degrade and narrow it by confining it to certain sorts of material objects measured by money.
When we mention the 1 percent and the 99 percent, everybody now knows what we are talking about. It's part of our vocabulary. How quickly these numbers jumped from the sidelines to the center.
I don't even know what that means. People who get credit have to get it from somewhere. Does a credit bubble mean that people save too much during that period? I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.
