Narendra Modi Quotes

The primary role of the economist is to find out the truth about the real world.

It turns out the businessman knows more about how the economy really works than the chattering class. What a shock.

Inflation, especially a slow steady rise in prices, encourages producers, because it means that they can commit themselves to costs of production on one price level and then, later, offer the finished product for sale at a somewhat higher price level. This situation encourages production because it gives confidence of an almost certain profit margin.

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

Economists are people who wonder if what works in reality can also work in theory.

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

And isn't it a bad thing to be deceived about the truth, and a good thing to know what the truth is? For I assume that by knowing the truth you mean knowing things as they really are.

Reality's just the accumulation of ominous prophecies come to life. All you have to do is open a newspaper on any given day to weigh the good news versus the bad news, and you'll see what I mean.

There's one thing that the Fed has been really good at cracking down on, and that's inflation.

The reality is that we've seen the last of any serious price wars for a long time. I don't think any of the others could afford it, certainly not on a long-term basis.

The people who say you are not facing reality actually mean that you are not facing their idea of reality

If a rise in wages does not raise prices, a fall will not reduce them.

Harry Potter isn’t real? Oh no! Wait, wait, what do you mean by real? Is this video blog real? Am I real if you can see me and hear me, but only through the internet? Are you real if I can read your comment but I don’t know who you are or what your name is or where you’re from or what you look like or how old you are? I know all of those things about Harry Potter. Maybe Harry Potter’s real and you’re not.

Women have been charged with deviousness and duplicity since the dawn of civilization so they have never been able to pretend that their masks were anything but masks. It is a slender case but perhaps it does mean that women have always been in closer contact with reality than men: it would seem to be the just recompense for being deprived of idealism.

I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing like the 1970's, which was a pretty dismal period and not just because of polyester and disco.

Any business plan won't survive its first encounter with reality. The reality will always be different. It will never be the plan.

Not only does the liberal paradigm not even come close to agreeing with the social and economic reality on the ground today, worse, it has largely congealed into a political religion. . .

When someone tells you it’s a grain of sand, there’s a moment where your reality falls apart and you have to reconstruct it. You have to step back and ask what the image is and what it means.

Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.

And as in other things, so in men, not the seller, but the buyer determines the Price.

Inflation is repudiation.

A truly open mind means forcing our imaginations to conform to the evidence of reality, and not vice versa.

Producer and consumer are always one and the same person, merely considered from two different viewpoints.

Well, what I don't get is why do we exist? I don't mean how, but why.' I watched the fireflies of his thoughts orbit his head. He said, 'we exist because we exist. . .we could imagine all sorts of universes like this one, but this is the one that happened.