A Quote by Charlie Munger

The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic system work better, just as, in reverse, a system that can be easily defrauded ruins a civilization. A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.

Charlie Munger

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About Better Cash Cash Register Church Civilization Did Easily Economic Economic System Economics Few Few People Hard Helped Human Just Like Make Morality More People Performance Phenomenon Powerful Really Really Powerful Reducing Register Reverse Ruins System Talk Terms Than Those Very Vice Within Work

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Charlie Munger
American - Businessman
Born: January 1, 1924

How is it that we have created an economic system that tells us it is cheaper to destroy the earth and exhaust its people than to nurture them both? Is it rational to have an pricing system which discounts the future and sells off the past? How did we create an economic system that confused capital liquidation with income?

Paul Hawken

Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.

Joseph Stiglitz

Every system tries to get people to conform to support that system. That goes for communism, socialism, free enterprise, or any other civilization. If they don't demand loyalty, they can't keep their civilization together. So what they do is they teach things that would support an established system. We do not advocate an established system. TVP talks of an emergent system into state of change. So that we always prepare people for the next changes coming ahead. So that people will not cling to the past.

Jacque Fresco

Capitalism is an organized system to guarantee that greed becomes the primary force of our economic system and allows the few at the top to get very wealthy and has the rest of us riding around thinking we can be that way, too - if we just work hard enough, sell enough Tupperware and Amway products, we can get a pink Cadillac.

Michael Moore

Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a more commercial system that took notice of the public property the departments were using. This system is known as resource accounting.

James Buchan

With more than half of the American workforce without private pension coverage, Social Security provides economic certainty within a system that is fair, equitable, and easy to understand. You work hard, pay into the system, and the federal government makes a promise to pay back your earned benefits when you retire. It's that simple.

Mike Quigley

We are very, very thoughtful about once an economic system creates maldistribution of wealth, thinking about how we redistribute it, but we need to pay attention to why that system is excluding people to create that maldistribution in the first place.

Ro Khanna

You cannot ask which system is the better because you cannot standardize one system for the whole of the world. You cannot have one stereotyped code of morality for every country. One system may work very well in one country and very badly in another. You cannot grow a tropical flower in a cold climate.

Jiddu Krishnamurti

To reverse the effects of civilization would destroy the dreams of a lot of people. There's no way around it. We can talk all we want about sustainability, but there's a sense in which it doesn't matter that these people's dreams are based on, embedded in, intertwined with, and formed by an inherently destructive economic and social system. Their dreams are still their dreams. What right do I -- or does anyone else -- have to destroy them. At the same time, what right do they have to destroy the world?

Derrick Jensen

When people are running up more and more debt for housing, they call that "real wealth." It exposes what's wrong in the mainstream economics and why most of the economics that justifies austerity programs and economic shrinkage is in the textbooks is not scientific. Junk economics denies the role of debt and denies the fact that the economic system we have now is dysfunctional.

Michael Hudson

Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system.

Martin Luther King, Jr.

A leader has to know how the system functions - not just the system of government but the whole social and economic system, including business, the unions, and the universities.

Jean Chretien

To talk about planning an economic system is to talk in old terms, and I find myself sometimes having to teach Westerners about what the market really means.

Vaclav Klaus

To talk about planning an economic system is to talk in old terms, and I find myself sometimes having to teach Westers about what the market really means.

Vaclav Klaus

Sharia has a ruling system, an economic system, a policy and social system, a foreign policy and judiciary system to be implemented, you know, the whole package. Under the Sharia, food, shelter and clothing will be provided for all citizens in addition to basic necessities like gas and water as well. But, it's not like communism or socialism in the respect that you can work for the luxuries.

Anjem Choudary

The studios are very much business. Maybe it was always that way. It is really commercial now. Judgments are made and directions are given to make the cash register ring.

Dianne Wiest

A Quote by Charlie Munger

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