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Quote by Robert Reich

“No economy can continue to function when the vast middle class and everybody else don't have enough purchasing power to buy what the economy is capable of producing without going deeper and deeper into debt.”

Author

Robert Reich

Robert Reich, born on June 24, 1946, is a former United States Secretary of Labor. He is an economist, author, and public intellectual, who served as the Secretary of Labor under the Clinton administration. Reich is known for his profound insights into labor markets and economic policies. more

“I am not an economic determinist. If I were, I would throw up my hands; I just would not bother. I think it's wrong to be an economic determinist. I think it's wrong to simply say, "Well, inevitably, if you're poor, you're going to get a lousy education; if you're lower-middle class, the cards are going to be stacked against you, and you'll probably never get anywhere".”

Ifs Thinking Wells Hands Poor Class Economic Middle Cards Bother Middle Class

Author:Robert Reich

“If consumers don't have the wherewithal to spend because all the money's going to the top, and the people at the top only spend a very small fraction of what they earn, then the economy is almost inevitably destined to slow.”

People Ifs Economy Consumers Destined Fractions

Author:Robert Reich

“The poverty line understates the true amount of poverty because it measures it as three times the breadbasket that a family needs, but it doesn't consider all the other things that are inflating far, far faster than food prices.”

Needs Three Lines Poverty Amount Faster Three Times

Author:Robert Reich

“We reform the system. We save capitalism from its own excesses.”

Capitalism Reform Excess

Author:Robert Reich