Johann Lamont Quotes

As an economist, I'm aware that life is full of trade offs.

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.

Saying 'yes' to one thing means saying 'no' to another. That's why decisions can be hard sometimes.

We make choices every single day of our lives and those choices mean we must give up something in exchange for another. In economics it's called an 'opportunity cost.'

I don't know what exactly the translation is but when we do consume something now, something else has to give at some point.

There ain't no such thing as a free lunch.

Everything we do in public policy prevents us from doing something else. To govern is to choose.

There is no decision that we can make that doesn't come with some sort of balance or sacrifice.

Starting off, all options are always open, but as soon as you choose something, you inevitably limit yourself. If you go for B, A is out.

There's no such thing as a free lunch.

There's always a price for what you want.

I've always said if I'm winning at one thing, I'm failing at another.

You have to make choices always. It's about the omission of something for the sake of another.

You can achieve one thing, but because of that, you have to adapt or lose something else. If you end up in a relationship, you sometimes have to lose the closeness of your friendships, for example, or you have to move away somewhere... For me, that creates the sense of melancholy which I think exists in most people's lives.

By necessity, budgets require hard choices.

Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.

You cannot eat your cake and have it.

When people do things to make your dream come true, you owe them in one way or another. Everyone understands that for every dream that comes true for you, there might not be a dream coming true for someone else. When we trade one wish for another, there's a price to pay. It works like that

Everything comes at a price. Everthing in your life. The question you have to ask yourself is, what price are you willing to pay?

You tell them - you tell them there's a cost.....Every decision we make in life, there's always a cost.

Everything in life has its price.

Government can't give us anything without depriving us of something else.

For every alleged benefit that the politicians confer upon us, they must necessarily deprive us of something else.

We must explain the truth: There is no free lunch.

Everything you want in life has a price connected to it. There's a price to pay if you want to make things better, a price to pay just for leaving things as they are, a price for everything.