8 quotes found
“Once constituted, capital reproduces itself faster than output increases. The past devours the future.”
“Income from labor [in the United States] is about as unequally distributed as has ever been observed anywhere.”
“Protectionism does not produce wealth, and free trade and economic openness are ultimately in everyones interest”
“The main force pushing toward reduction in inequality has always been the diffusion of knowledge and the diffusion of education.”
“All told, over the period 1932-1980, nearly half a century, the top federal income tax rate in the United States averaged 81 percent.”
“Our democratic societies rest on a meritocratic worldview, or at any rate a meritocratic hope, by which I mean a belief in a society in which inequality is based more on merit and effort than on ki...”
“They (economists) must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything.”
“We know something about billionaire consumption, but it is hard to measure some of it. Some billionaires are consuming politicians, others consume reporters, and some consume academics...”
