"A study of economics usually reveals that the best time to buy anything is last year." - Marty Allen

"It's a recession when your neighbour loses his job; it's a depression when you lose your own." - Harry S. Truman

"The trouble with the profit system has always been that it was highly unprofitable to most people." - Elwyn Brooks White, One Man's Meat

"Production only fills a void that it has itself created." - JOHN KENNETH GALBRAITH, The Affluent Society

"The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products." - JOHN KENNETH GALBRAITH, The New Industrial State

"Inflation is like sin; every government denounces it and every government practices it." - FREDERICK LEITH-ROSS, quoted in The Observer

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." - ABRAHAM LINCOLN, speech (1861)

"It's a recession when your neighbor loses his job; it's a depression when you lose your own." - HARRY S TRUMAN, quoted in The Observer

"One man's wage rise is another man's price increase." - HAROLD WILSON, quoted in The Observer

"One of the greatest pieces of economic wisdom is to know what you do not know." - Galbraith, John Kenneth (1908- ) in 'Time' 1961

"The only function of economic forecasting is to make astrology look respectable." - -- Galbraith, John Kenneth (1908- )

"Under capitalism, man exploits man. Under communism, it's just the opposite." - Galbraith, John Kenneth (1908- )

"An economist is a man who states the obvious in terms of the incomprehensible." - Knopf, Alfred A.

"Debt is the fatal disease of all republics, the first thing and the mightiest to undermine governments and corrupt the people." - Phillips, Wendell