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Conditions Quotes

“For the first time ever we are capable of removing abject poverty, illiteracy and the diseases of poverty from the human condition. The current intensification of global economic integration has demonstrated that there is enough knowledge, technology and capital to bring development to all the people of the world.”

“The impulse of humanity toward social progress is like the movement in the currents of a great water system, from myriad sources and under myriad circumstances and conditions, beating onward, ever onward toward its eternity, the Ocean.”

“The growth of entrepreneurial classes throughout the world is an asset in the promotion of human rights and individual liberty, and it should be understood and used as such. Yet peace is the first and most important condition for continued prosperity and freedom. America's military power must be secure because the United States is the only guarantor of global peace and stability. The current neglect of America's armed forces threatens its ability to maintain peace.”

“It feels like every person is using their whole brain and heart to figure out these nearly impossible dilemmas about how we do our work, with our principles, in the current conditions. And it feels like the thing we know to be true about working collectively - that we have better ideas together than we do individually.”

“I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.”