Paul Samuelson

“The stock market has predicted nine of the last five recessions.”

“Funeral by funeral, economics does make progress.”

“Economics has never been a science - and it is even less now than a few years ago.”

“The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.”

“What we know about the global financial crisis is that we don't know very much.”

“There is only one monopoly of power, and that is the monopoly of the coercive power of the state.”

“Modern economics is a subject that is still being created.”

“We have but one explicit goal: to be right.”

“To every economist, there is an equal and opposite economist.”

“The market is a mechanism for sorting the efficient from the inefficient.”

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”

“Good questions outrank easy answers.”