Amity Shlaes Quotes

People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to be wrong, we ignore them. They are typically right and wrong about half the time.

When volume drops off, prices settle down. Volume is the force that turns stocks higher.

In a sense, the market, by expecting a fall in prices, discounts that fall and makes it happen right away instead of later. Expectations speed up future price reactions.

I strongly believe that for the steel prices to be market-driven, without distortions, we need to substantially increase the production capacity.

Let the market, not politicians, determine the flow of rice, oil and other commodities. Lower, more stable prices will ensue.

Supply and demand eventually rebalance. We've seen this again and again and again.

Any commodity that sees its price going higher will see new mines opening up. When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable.

Petrol price is a deregulated commodity, price of which is decided by our oil marketing companies based on input cost and other parameters.

What farmers require is, that the prices should be moderate, and the markets steady; and for this reason I did, in 1826, 1827, and 1828, take the course which I would now recommend to the House.

The price of every thing rises and falls from time to time and place to place; and with every such change the purchasing power of money changes so far as that thing goes.

My instinct is to assume that we consumers are an inconsistent bunch. We like competition if it delivers low prices, but grumble if it delivers the bad news that prices need to go up.

We know, in other words, the general conditions in which what we call, somewhat misleadingly, an equilibrium will establish itself: but we never know what the particular prices or wages are which would exist if the market were to bring about such an equilibrium.

The prices of raw materials do not fluctuate directly with the labour cost of producing them.

With such enormous bucks devoted to trading in oil and other commodities, the distortions that they cause have been exacerbated.

Prices have stayed up because people in control of supply decided they could keep them up.

Supply always comes on the heels of demand.

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.

Let the king fix the rates for the purchase and sale of all marketable goods, having duly considered whence they come, whither they go, how long they have been kept, the probable profit and the probable outlay. Once in five nights, or at the close of each fortnight, let the king publicly settle the prices for the merchants.

Supply and demand don’t work on a legislative schedule.

The law of supply and demand holds eternal.

Gasoline prices are a direct reflection of the cost of the raw materials to produce the gasoline, no different than any other product that you would buy, whether it's a good or some other consumable, or it's a luxury item. It's all a function of what do the raw materials cost.

Most economists, when modeling market behavior, tend to sweep major fluctuations under the rug and assume they are anomalies. What I have found is that major rises and falls in prices are actually inevitable.

Markets have built in inefficiencies, serious inefficiencies which are well known.

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.

In a given year, the government may decide that farmers are growing more raisins than Americans will want to eat. That would cause supply to outstrip demand. Raisin prices would drop. And raisin farmers might go out of business.