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We're a me-me-me generation. We're borrowing the savings of every nation in the world. We're ... piling up a big tab. Now, I may think we're too big to have a run on us. You may think that. But it's possible that God does not.

Paul Samuelson

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Paul Samuelson
Age: 94 †
Born: 1915
Born: May 15
Died: 2009
Died: December 13
Economist
University Teacher
Gary
Indiana
Paul Anthony Samuelson
Paul A. Samuelson
Thinking
Possible
World
Nations
Piling
Bigs
Borrowing
Running
Savings
Doe
Saving
May
Generation
Every
Generations
Think
Nation

More quotes by Paul Samuelson

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I couldn't reconcile what I was being taught at the university of Chicago, the lectures and the books I was being assigned, with what I knew to be true out in the streets.
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I'm not sure most of the people that get caught up in the middle of a bubble can be described as irrational. It seems pretty rational to buy a house and flip it in the next few weeks at a profit when that's been happening for along time.
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Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.
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It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to do.
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We are like highly trained athletes, who never run a race.
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I don't care very much for the People Magazine approach to applied economics.
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Good questions outrank easy answers.
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Man does not live by GNP alone.
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Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.
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Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.
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You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have?
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An intriguing paradox of the 1990s is that it isn't called a decade of greed.
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By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate and increase in supply will, other things being equal, tend to depress wage rates.
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Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.
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Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
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There is something in people you might even call it a little bit of a gambling instinct… I tell people investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
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Every good cause is worth some inefficiency.
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Second, they [those who disagree with market efficiency] always claim they know a man, a bank, or a fund that does do better. Alas, anecdotes are not science. And once Wharton School dissertations seek to quantify the performers, these have a tendency to evaporate into the air - or, at least, into statistically insignificant t-statistics.
Paul Samuelson
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Let those who will write the nation's laws, if I can write its textbooks.
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I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.
Paul Samuelson