“The essence of Africa's crises is fundamentally it's extreme poverty.” PhilosophyPoliticalPovertyEconomicsEssenceCrisisExtremesExtreme Poverty Author:Jeffrey Sachs
“In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.” WellsCountryPhilosophyPoliticalBitsEconomySuccessfulEconomicsDecidedFinancialInternationalSavingAsiaLiving OnFinancial Markets Author:Jeffrey Sachs
“It's not so unusual to run out of someone else's currency.” PhilosophyRunningPoliticalEconomicsUnusualCurrency Author:Jeffrey Sachs
“America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments.” PhilosophyGovernmentWould BeActionAmericaPoliticalNeededAuthorityCommitmentEconomicsGaps Author:Jeffrey Sachs
“The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.” RealPhilosophyBigsPoliticalNationsGrowthEconomicStandardsEconomicsInvestmentRateFactorsSavingProductiveWagesPromotingEconomic GrowthPayoff Author:Paul Samuelson
“The president says we need to raise the debt ceiling because America pays its bills. No if we paid our bills we wouldn't have all this debt. The reason we have to raise the debt ceiling is because we can't pay our bills and we have to borrow money because we don't have any money to pay our bills.” IfsNeedsReasonPhilosophyAmericaPoliticalPresidentPayEconomicsPaidRaisesBillsDebtCeilingsDebt Ceiling Author:Peter Schiff
“And for man to look upon himself as a capital good, even if it did not impair his freedom, may seem to debase him... by investing in themselves people can enlarge the range of choice available to them. It is one way free men can enhance their welfare.” PeopleIfsMenWayLooksMayPhilosophySeemsPoliticalChoicesEconomicsInvestingAvailableOne WayRangeWelfareLook UpFree Man Author:Theodore Schultz
“Responsible people work, earn, save, invest, make things better for self & family. Lefties call that "greed."” PeopleSelfPhilosophyPoliticalEconomicsResponsibleGreedLefties Author:Philip Schuyler
“Why should a financial engineer be paid four, four times... to a hundred times more than the, uh... real engineer? A real engineer build bridges, a financial engineer build, build dreams. And when those dream turn out to be nightmares, other people pay for it.” PeopleShouldRealPhilosophyDreamPoliticalTurnsPayFourHundredEconomicsPaidFinancialBridgesNightmareEngineers Author:Andrew Sheng
“For violence or fraud can create no right.” PhilosophyPoliticalViolenceEconomicsFraud Author:Algernon Sidney