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Quote by Robert Reich

“Most Americans stopped looking at what was happening through a variety of coping mechanisms - starting with women entering paid work and then everyone working longer hours and using their homes for raising equity and generating more money through debt. The typical household basically staved off the day of reckoning.”

Quote by Robert Reich

Author

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

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“It is a myth that higher taxes lead to less demand and slower growth. In the first three decades after World War II, US top tax rates on the wealthy were never below 70 percent.”

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“Social change occurs when the gap between the ideals that people hold and the reality that they see every day gets too large.”

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“For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.”

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“Lithuania is a small country, so our contribution would not be that large. We are not afraid of our responsibility. We receive 25 percent of our national budget from the European Union. We understand the value of solidarity.”

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“Some countries need extra stimulus in specific areas. Something has to be done against high youth unemployment in Greece and Spain, for example. But in the end, there is no way around it: The debt levels have to come down.”

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“The way you set up for a sequel is by having a successful film. The focus is on making a successful film, and making a film that travels around the world, and that people enjoy and have fun with, and that people are able to escape with.”

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“It's an academic book, and it's discussed under academic criteria. German historians cultivate so-called objectivity. They persuade themselves that they can switch off the subjective and therefore the unsettling.”

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“A large part of academic community is unthinkingly self-involved, producing reams of sterile writing - often consuming unbelievable amounts of public funds - and serving as an instruction manual for how to chase away readers and ignore historical insights.”

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“Much of the research on the Nazi era makes a science out of distancing oneself from it or conjuring its demons. The conceit is that people were monsters then - as if they were completely different from people today.”

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“There are children who recognize that they have a special role, and they enjoy it. But there are also many who sense that they can't do what the others can do, and they're happy to be placed in a protected school. It depends on their personalities.”

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