Charlie Munger Quotes

Economics spreads happiness.

By 1979, Chinese people were poorer, on average, than North Koreans. I mean, your average per-capita income in China that year was one third of sub-Saharan Africa's.

The wealth of a country is in its working people.

There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.

The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.

Our aims are absolutely clear: They are a high living standard in the country and a secure, free and comfortable life.

I was the one that brought it in, but not only for the north-east, for every area so we can develop all the regional economies, lift up the national productivity, get greater wealth and share it more evenly.

Sometimes, we use the term 'growth' as a number and sometimes as an abstraction, but the underlying implication is always that, if the country grows at a certain rate, at the end there will be a pot of gold for everyone.

We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.

Western Europe GDP per capita - not taking into account the new accession counties - was lower in 2001 relative to that of the US than any time since the 1960's.

Most rich countries have reported increases in happiness as they become richer.

China is a much richer country than any part of Europe.

Opulent, civilized, and industrious nations, are greater consumers than poor ones, because they are infinitely greater producers.

It is enlightened selfishness to build up the ability of other nations to a higher standard of living. We thus produce wider markets for ourselves as well as the rest of the world

It is past time to acknowledge that economic growth … is good, and that what the world needs is more of it.

No single number has become more central to society in the past 50 years” than gross domestic product.

The Riches of a Country are to be valued by the Quantity of Labour its Inhabitants are able to purchase, and not by the Quantity of Silver and Gold they possess

When you increase productivity, economies become better - local economies become better, society becomes better.

The normal metric of measuring progress has actually been the rate of growth, OK? It's not a wrong metric, but it's not a full metric.

If productivity grows, the economy does well.

The first theory is that if we make the rich richer, somehow they will let a part of their prosperity trickle down to the rest of us. The second theory was the theory that if we make the average of mankind comfortable and secure, their prosperity will rise upward through the ranks.

Productivity growth is the only possible way to achieve prosperity.

The middle has not enough class that I think about the middle class.

We can't afford to waste people. We can't afford to have people think the game is over before it's begun. We've got to be saying to the Canadian people: you can't tax cut your way to a productive 21st-century economy. You can talk that talk, but it's not going to give you a productive 21st-century economy, because it will scythe apart the public goods that make prosperity possible. That's what we've got to say, and so we shall.

In the developed world, technological progress means that you can have a situation where there's growth, where there's a way in which everybody can be better off over time.