Best 45 Quotes & Tweets on Economics

Twitter wisdom in your inbox

1

It's time to face the fact that PPP didn't work. Great plan, difficult execution. No one's fault. The only thing that will save businesses is consumer demand. No amount of loans to businesses will save them or jobs if their customers aren't buying.

Mark Cuban

Mark Cuban

@mcuban

2

⬆️ Environment, localism, borders, guns, DIY, right to try, science, tech, remote/gig work, universal healthcare, hygiene, autonomy. ⬇️ Urbanization, offices, globalism, mass transport, open borders, bureaucrats, 9-5, Feds. Tech-savvy farmers rising, urban socialites falling.

Naval Ravikant

Naval Ravikant

@naval

3

Any gig-worker app that cannot make the business model work while paying $15/hour (after expenses!), basic benefits, vacation time, and family leave should not exist. Running a modern-day serf economy behind a slick UI is disgraceful.

DHH

DHH

@dhh

4

Objectively, the world is improving. To the elites, it’s falling apart as their long-lived institutions are flattened by the Internet.

Naval Ravikant

Naval Ravikant

@naval

5

If you don’t own capital in a capitalist economy, you are the capital. Things you can own: - your own business - equity in someone else’s - shares in a public company - IP: words, stories, characters - real estate, land What will you own?

Sahil Lavingia

Sahil Lavingia

@shl

6

A stimulus when the economy is shut down is more money chasing fewer goods and services. It‘s necessary to cover the gap, but leads to inflation. A stimulus after the shutdown can actually reignite true economic growth.

Naval Ravikant

Naval Ravikant

@naval

7

ICOs need regulation, sure, but banning ICOs altogether is a huge gift to Silicon Valley and its resident financiers.

Naval Ravikant

Naval Ravikant

@naval

8

The worst thing that could happen to the economy is if people discover they are actually quite happy right now.

Sahil Lavingia

Sahil Lavingia

@shl

9

The economic returns to living in a city that’s living in the future are increasing.

Naval Ravikant

Naval Ravikant

@naval

10

The first countries to go to war with cryptocurrencies are those with capital controls. The two are inherently incompatible.

Naval Ravikant

Naval Ravikant

@naval

11

Lots of people confuse their political outlook with their economic outlook. The next few years look all set for an economic boom.

Naval Ravikant

Naval Ravikant

@naval

12

The most valuable type of economists are cryptoeconomists, as they can actually create, manage, and analyze economies.

Naval Ravikant

Naval Ravikant

@naval

13

Internet Phase 1 replaced offline gatekeepers w/ thin online ones. Phase 2 will replace gatekeepers altogether w/ cryptoeconomic protocols.

Naval Ravikant

Naval Ravikant

@naval

14

Any analysis of California’s economic success should note its monopolization of all of the warm, dry coastline in the largest market in the world.

Naval Ravikant

Naval Ravikant

@naval

15

Operating an economy without cryptocurrencies will eventually be like operating one without financial markets today.

Naval Ravikant

Naval Ravikant

@naval

16

Investing time/money behind someone? - Do you like them? - Can they teach you something you want to learn? - Good economics? If so, invest.

Naval Ravikant

Naval Ravikant

@naval

17

An economy run by markets / blockchains instead of middlemen / authorities would make our current society look like a communist bureaucracy.

Naval Ravikant

Naval Ravikant

@naval

18

Technology is the application of knowledge to control the natural world. It's the greatest driver of both human prosperity and our capacity for self-annihilation.

Naval Ravikant

Naval Ravikant

@naval

19

First, earning power went from physical to digital. Now assets and security are going from physical to digital. Human rights must follow.

Naval Ravikant

Naval Ravikant

@naval

20

When building a startup, microeconomics is fundamental, macroeconomics is entertainment.

Naval Ravikant

Naval Ravikant

@naval

21

Here’s the thing about being rich: You don’t have to personally be a saint with how you spent your spoils to see that the economic system in the US is badly broken and getting worse. And upon seeing that, advocate for change and heightened scrutiny of wealth.

DHH

DHH

@dhh

22

Some economic patterns recur, inexactly, less than once a generation. These are when the greatest fortunes are made and lost.

Naval Ravikant

Naval Ravikant

@naval

23

When civilization rebuilds after the nuclear winter, let's hope "ad tech" is one of those things it just doesn't bother to rediscover.

DHH

DHH

@dhh

24

Nations are trying to birth the next Silicon Valley when they can simply buy the next generation of Internet protocols on open markets.

Naval Ravikant

Naval Ravikant

@naval

25

Surveillance capitalism is never going to disassemble itself. It's time for sabotage.

DHH

DHH

@dhh

26

Every dollar printed is a vote for Bitcoin.

Naval Ravikant

Naval Ravikant

@naval

27

Weak dollar and high oil prices were bad. Now strong dollar and low oil prices are bad. Macroeconomics is voodoo.

Naval Ravikant

Naval Ravikant

@naval

28

My beliefs about work: 1) If you want to be prolific, you need to creative time as sacred. 2) If you count learning, I work way more than 40 hours per week. If you don’t, I work way less. 3) The economy is way, way bigger than you think. There’s opportunity everywhere.

David Perell

David Perell

@david_perell

29

Most colleges tell students about the same few industries: ∙ Law ∙ Finance ∙ Medicine ∙ Management consulting They're all prestigious, so colleges have an incentive to promote them. But the economy is absolutely huge. Students should know about all the opportunities.

David Perell

David Perell

@david_perell

30

If you kept stacking on debt your entire life, it would end badly. But we are told it's ok for countries. Macroeconomics is voodoo.

Naval Ravikant

Naval Ravikant

@naval

31

Dublin and Mexico City are going to become remote work hubs. 🇮🇪 Dublin: English-speaking country, booming economy, and easy access to both the east coast and mainland Europe. 🇲🇽 Mexico City: Safe and well-developed, with a temperate climate, and close to the United States.

David Perell

David Perell

@david_perell

32

If you're a small country that would like to be the richest per capita, buy up all the Bitcoin you can and announce adoption.

Naval Ravikant

Naval Ravikant

@naval

33

Capitalism turns leisure into a sin

David Perell

David Perell

@david_perell

34

Two things I believe: 1) In a capitalist world, improving how capital is allocated will have a huge downstream impact. 2) Too many of the smartest people I know allocate capital for a living, and society would be better if they built things instead.

David Perell

David Perell

@david_perell

35

The economy is much bigger than you think. People want to go to the same colleges, so they can build the same skills, and work at the same companies. But when you copy everyone else, you limit your opportunities. Don’t follow the spotlight. Create your own spotlight instead.

David Perell

David Perell

@david_perell

36

Three thoughts on cities: 1) The vibrancy of a city is determined less by its size and more by its density. 2) My favorite neighborhoods have marrow streets that are hard to navigate. 3) Shortening long commutes is one of the fastest ways to increase economic opportunity.

David Perell

David Perell

@david_perell

37

Dichotomy between democratic socialism and capitalism is completely bollocks: You can reap all the benefits of free markets and enterprise, even if you then turn around and spend half of those proceeds on broad societal benefits and services. Great combination

DHH

DHH

@dhh

38

The Direct-to-Consumer commerce wave. Companies with strong brand identities and hyper-efficient ad targeting are unbundling big retail brands. Made possible by: 1. Low startup costs 2. Infinite digital shelf space 3. Targeted advertising platforms

David Perell

David Perell

@david_perell

39

Things people under-estimate: - Cities as a vehicle for economic growth. - Benefits of building an email list. - Writing online. - Importance of inspiration in education. - How fasting improves health and longevity. If you want to live longer, eat less.

David Perell

David Perell

@david_perell

40

More than a billion people live on less than $1/day, but do keep telling yourself that the terrible people are the ones one level above you.

DHH

DHH

@dhh

41

1) Operational excellence is an under-rated competitive edge. 2) In public markets, arbitrage human behavior. In private markets, monopolize access to high-quality talent. 3) The most valuable ideas are shared in whispers.

David Perell

David Perell

@david_perell

42

It’s seems inevitable that the YouTube business model where creators get paid for their content will eventually take over. If you’re a successful creator, why not get paid for your efforts? It’s why capitalism exists.

Matthew Kobach

Matthew Kobach

@mkobach

43

In a normal economy, almost everyone is able to make a living trading their time for money. But you definitely can’t say the same thing about product owners. Everyone wants to decouple their income from their time — the problem is there’s no predictable way to achieve that.

Daniel Vassallo

Daniel Vassallo

@dvassallo

44

There need not be a dichotomy between profits and strong, socialist DK-style state. The higher the profits, the more to be shared. Broadly.

DHH

DHH

@dhh

45

The harsh reality of the digital economy: Build leverage or be leveraged.

Jack Butcher

Jack Butcher

@jackbutcher