Paul Samuelson Quotes

Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man’s lifeblood is another man’s cancer. Paul Samuelson

The stock market has forecast nine of the last five recessions. Paul Samuelson

Economics has never been a science – and it is even less now than a few years ago. Paul Samuelson

Sooner or later the Internet will become profitable. It’s an old story played before by canals, railroads and automobiles. Paul Samuelson

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. Paul Samuelson

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

Politicians like to tell people what they want to hear – and what they want to hear is what won’t happen. Paul Samuelson

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does. Paul Samuelson

Good questions outrank easy answers. Paul Samuelson

Asia’s governments come in two broad varieties: young, fragile democracies – and older, fragile authoritarian regimes. Paul Samuelson