Old / New Sayings in Economics


There’s an old saying in economics that everyone has heard…

A recession is when someone else loses their job. A depression is when you lose your job.

We need a new saying as well…

Equity is when you finally get a pay increase you’ve deserved for years. Inflation is when everyone else gets a pay raise they’ve deserved for years.



The eye never has enough of seeing, nor the ear its fill of hearing. What has been will be again, what has been done will be done again; there is nothing new under the sun.

Ecclesiastes 1


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there is nothing new under the sun.

Ecclesiastes 1

But there are gazillion ways to rearrange the bits and pieces.

The Captain

“there is nothing new under the sun.”

And yet, a family visited the zoo and was in front of the African exhibit.
The son pointed and said ‘Dad, that wildebeest is sitting on something.’
The dad said ‘I don’t see anything there.’
The son kept repeating it.
In exasperation, the dad said ‘There’s nothing son under the gnu!’

No need for applause, I’ll be here all week.