Economics Quote of the Day

Economics Quote of the Day

“Wall Street is no longer, in any real sense, part of the private sector. It’s a ward of the state, every bit as dependent on government aid as recipients of Temporary Assistance for Needy Families, a k a ‘welfare.’ “

“In 2008, overpaid bankers taking big risks with other people’s money brought the world economy to its knees. The last thing we need is to give them a chance to do it all over again. “

 — Paul Krugman, professor of Economics and International Affairs at Princeton University and winner of the 2008 Nobel Prize in Economics, in the New York Times.

 

Image (Corporate Socialism, after B. Lebedev) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

Comments are welcome if they are on-topic, substantive, concise, and not obscene. Comments may be edited for clarity and length.

 

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2 Responses to “Economics Quote of the Day”

  1. Peter Says:

    Fantastic graphic! It would make a great poster. Congrats.

  2. Mike Licht Says:

    Peter wrote: Fantastic graphic!

    All credit goes to Comrade Lebedev.

    It would make a great poster

    It’s popular with the proletarat on flickr, where I have it on Cultural Commons license (“to each according to his needs ….“).

    ml

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