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" Art is often valuable precisely because it isn't a sensible way to make money. "
Adam Davidson
Money
Way
Sensible
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" The so-called skills gap is really a gap in education, and that affects all of us. "
Adam Davidson
Education
Skills
Us
" The America that I think most Americans would want, most economists on the right or left would want, is one in which a smart, ambitious, hardworking person without a huge amount of resources has a pretty good shot, in the end, of beating out a less smart, less ambitious, less hardworking rich person. "
Adam Davidson
Rich
Good
End
" Lots of countries have great constitutions, but their leaders have a practice of ignoring the rules whenever they feel like it. "
Adam Davidson
Rules
Great
Like
" Most rich countries have reported increases in happiness as they become richer. "
Adam Davidson
Become
Richer
Rich
" Happiness quantification sounds a bit wishy-washy, sure, and through a series of carefully administered surveys across the globe, economists and psychologists have certainly confronted a fair number of sticky issues around how to measure, and even define, happiness. "
Adam Davidson
Measure
Globe
Fair
" When you cover the economy as a reporter, there's one part of the job that is always easy: finding economists who disagree. "
Adam Davidson
Finding
Economy
Job
" We can fight over what the taxation levels should be, but the tax system should be very, very simple and not distortionary. "
Adam Davidson
Tax
System
Over
" If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history. "
Adam Davidson
New
History
World
" Economics is all about consumption. People either spend money now or they use financial instruments - like bonds, stocks and savings accounts - so they can spend more later. "
Adam Davidson
Money
People
Now
" The economics profession advances by one confusing financial disaster at a time. "
Adam Davidson
Disaster
Time
Financial
" It makes me happy to think that this world of art-as-investment is a minuscule fraction of the art world overall. Most people who create, trade and own art do it for a much simpler reason. They just like it. "
Adam Davidson
World
Think
People
" Much of what we consider the American way of life is rooted in the period of remarkably broad, shared economic growth, from around 1900 to about 1978. "
Adam Davidson
American
Growth
Way
" Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And for centuries, the complaints about it have largely stayed the same: 'It does nothing! It creates chaos! It's a parasite that sucks hardworking Americans dry!' "
Adam Davidson
Money
Tradition
Back
" If an alien with an accounting degree touched down in America, it might conclude that we're a weird cult that spends 11 months living frugally and four crazy weeks buying tons of stuff we don't need. It wouldn't be entirely wrong, either. "
Adam Davidson
Alien
Crazy
America
" The economy works best when better ideas win out over worse ideas, harder work wins out over less work, when it's a fair fight in the marketplace. "
Adam Davidson
Ideas
Fight
Better
" Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry. "
Adam Davidson
Worry
Wealth
View
" Happiness statistics may be most valuable in smaller, local discussions. Understanding how different sorts of programs affect the well-being of citizens would be enormously helpful to a mayor choosing between building a new bridge or offering a tax cut. "
Adam Davidson
Bridge
Statistics
Happiness
" When you see a merger between two giants in a declining industry, it can look like the financial version of a couple having a baby to save a marriage. "
Adam Davidson
Baby
Financial
Marriage
" Economics is not a discipline that comes to correct answers - economies are too complex. "
Adam Davidson
Correct
Economics
Discipline
" Poverty is not the simple result of bad geography, bad culture, bad history. It's the result of us: of the ways that people choose to organize their societies. "
Adam Davidson
Result
Culture
People
" If large numbers of people believe they have no shot at a better life in the future, they will work less hard and generate fewer new ideas and businesses. The economy, as a whole, will be poorer. "
Adam Davidson
People
New
Work
" In poor countries, the rich and powerful crush the poor and powerless. "
Adam Davidson
Poor
Crush
Rich
" A healthy economy is largely a result of a reasonable balance between consumption today and consumption deferred, and it's pretty clear that balance has been ridiculously out of whack for a while. "
Adam Davidson
Economy
Balance
Result
" One of the great political and economic challenges of our time is figuring out the balance between wealth that benefits society and wealth that distorts. "
Adam Davidson
Great
Political
Society