Quote

The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then things don't adjust, and that's how we have recessions and depressions, is prices and costs don't adjust together and they get out of whack, and we end up with dislocations.

Charles Koch

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Charles Koch
Age: 89
Born: 1935
Born: November 1
Businessman
Businessperson
Wichita
Kansas
Charles G. Koch
Charles de Ganahl Koch
Things
Built
Whack
Would
Fine
Rigidity
Fall
Downward
Didn
Recessions
Ends
Adjust
Problem
Prices
Dislocations
Together
Costs
Depressions
Work
Cost
Dislocation

More quotes by Charles Koch

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To be happy you have to fulfill your nature. That's what Aristotle taught so many centuries ago, that the road to happiness isn't to go drink more or consume more. The road to happiness is to fully develop your abilities, and then apply them to do good.
Charles Koch
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We try to reward people according to the value they create, value they create in society and for the company.
Charles Koch
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The old idea that some genius pulls all of this stuff out of the air is ridiculous. As Ridley pointed out, the only way Edison could invent the lightbulb is because all the elements had been developed before. That's obvious it wasn't just his genius - 20 others developed it at the same time. And that's true for almost every invention and discovery.
Charles Koch
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I don't have all the answers. I have a lot of questions. And I have some basic principles.
Charles Koch
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You can pay certain people more money and stuff but that's just going to be a transfer from one group to another. The only way people's wages are going to rise overall, or average median income is going to rise, is if you increase productivity.
Charles Koch
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You've got to learn to work with others. One of my main values is, you learn this system of mutual benefit. That is, if you shirk and you try to make the other guy do more, he's going to do that to you.
Charles Koch
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The poorest Americans use three time the energy as the percentage of their income as the average American does. This is going to disproportionately hurt the poor. It may make the whole electric grid unstable, depending on how it is enforced. And it does nothing for the climate.
Charles Koch
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The reason we tend to support Republicans is they're taking us toward the cliff at only 70 miles per hour miles an hour and the Democrats are taking us 100 miles an hour.
Charles Koch
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If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.
Charles Koch
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Success is one of the worst enemies of success, because success tends to breed complacency and lack of humility.
Charles Koch
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Everything I give, pretty much, is public. Not every donor wants to - or is willing to get the kind of abuse and attacks that we do, or death threats, so they're not willing to have their names out. I think the other side is pushing for that because they want to intimidate people so they won't oppose it.
Charles Koch
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Many businesses with unpopular products or inefficient production find it much easier to curry the favor of a few influential politicians or a government agency than to compete in the open market.
Charles Koch
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I like to think that I try to learn something every day - and change my views, modify my views as I learn.
Charles Koch
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A lot of the Republican rhetoric better than the Democrats'. But when they're in office, it's pretty much the same thing. It's serving their supporters, it's corporate welfare, it's cronyism which is so destructive, particularly to the disadvantaged.
Charles Koch
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Years later, when I asked my father, I said 'Pop, why were you so much harder on me than my younger brothers?' he said, son, you plum wore me out.
Charles Koch
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We find that when we make an acquisition, or we have a hiring experience, that's one of the hardest things to change. If you've been working for a company where you didn't dare challenge your boss, or what's politically correct in the company, then it affects your career.
Charles Koch
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If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.
Charles Koch
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The good and the bad news is that politicians rarely do what they say they are going to do when they campaign.
Charles Koch
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Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.
Charles Koch
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Citizens who over-rely on their government to do everything not only become dependent on their government, they end up having to do whatever the government demands. In the meantime, their initiative and self-respect are destroyed.
Charles Koch