Home / Quotes / Quote by Nicholas Bloom

Quote by Nicholas Bloom

“Political stability was at most a factor in assessing developing countries or Russia. It is now also an issue in Western democracies.”

Author

Nicholas Bloom

Nicholas Bloom is a distinguished economist born on May 5, 1973. He is a professor at Stanford University, focusing on the fields of development economics, labor economics, and macroeconomics. more

“Trump can, like every government, trigger a short boom with borrowed money, just like he has announced. He appears to want to adopt the economic policy approach favored by Republicans of putting lots of money into building roads and cutting taxes. Markets like that. But, at the end of the day, someone always has to foot the bill.”

“Many people who have lost out in the last few decades voted for Trump. Trump will have a difficult time turning them into winners. The jobs of these people are not at risk because of Chinese or Mexican workers, but because of robots and computers. And new trade barriers and higher tariffs are not going to change that.”

People Jobs Lasts Lost Difficult Risk Trump Higher Computer Trade Workers Decades Chinese Winner Barriers Robots Mexican Difficult Times Tariffs

Author:Nicholas Bloom

“If you leave school at 16 then, in all probability, there is a machine that can do what you can do better and cheaper. And Trump can't do anything to change that.”

Ifs School Can Do Trump Machines Probability Cheaper

Author:Nicholas Bloom

“The Brexiteers promised their supporters wonderful things, almost none of which can ever come true. The billions that London transfers to Brussels will most certainly not land in the budget of the country's National Health Service. Brexit is going to be very bitter for many of its supporters.”

Country Wonderful Land London Billions Bitter Budgets Supporter Wonderful Things Transfers Brussels Health Services

Author:Nicholas Bloom

“Once Brexit has actually been implemented, the world will be a very different place.”

World Different Different Place

Author:Nicholas Bloom

“Political uncertainty around the world has more than doubled since the election of Trump. To find anything comparable we have to go way back, to the late 1920s for example, the times of the Great Depression. Or think of the United Kingdom in the 1970s, when the International Monetary Fund had to help the country out with a dramatic rescue operation. Up until the Greek crisis, that was the last time that the IMF was forced to intervene to such an extent in Europe.”

“The high-tech industry needs the immigration of highly qualified labor, from India, from China, from everywhere.”

Needs Industry Labor India China Immigration Qualified

Author:Nicholas Bloom

“It was great for me getting a chance to grow up as a normal kid just out of the spotlight, versus all of them growing up in New York. They always had that intense media and spotlight on them.”

Kids Grows Chance Growing Up Growing Media New York Normal Intense Versus Spotlight

Author:Tiffany Trump

“My brothers and sister have all achieved so much in their lives and achieved so much success. But I'm growing and learning, I have a strong head on my shoulders.”

Strong Growing Brother Shoulders My Brother Brothers And Sisters Learning And Growing

Author:Tiffany Trump

Quote by Nicholas Bloom

Author

You May Also Like