“Why don't somebody print the truth about our present economic situation? We spent six years of wild buying on credit - everything under the sun, whether we needed it or not - and now we are having to pay for 'em, and we are howling like a pet coon.” YearsBusinessPaySituationSunEconomicNeededSixCreditBuyingPetEmsPrint Book:Will Rogers' Daily Telegrams: The Coolidge years, 1926-1929 Source: Will Rogers' Daily Telegrams: The Coolidge years, 1926-1929
“The single biggest stimulus to the economy are the unemployment benefits we're paying. These people go out and they spend the money. They go out and they have to get by to everything from paying their mortgage or buying food or just getting by. It has a significant impact on economic growth and the continuation of economic growth.” PeopleGrowthEconomyEconomicBenefitsImpactSignificantBuyingUnemploymentEconomic GrowthStimulusMortgageContinuationUnemployment Benefits Author:Joe Biden
“The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.” WorldGivingCountryPlayGovernmentRolesEconomicPoliticianUniqueDollarsDebtOilFactorsPrimariesPreservesBuyingProductiveWillingnessCurrencyReservesSnakesSantaSanta ClausTreasuryCartsCreditorsBlanche Author:Peter Schiff
“In terms of the economics, yes obviously the rise of e-books and how people choose to read books has a big effect on the economics of the game. But whether people are buying them on paper or downloading them there's still some poor wretch in a room who is trying to write a poem, write a story, write a novel. And so my job doesn't change. It's just how people receive it and economic conditions on the ground change, but that doesn't affect what I write.” PeopleWritingTryingStillsBookStoriesBigsJobsGamesTermPoorRoomsNovelEconomicConditionsEffectsPaperEconomicsBuying Author:Colson Whitehead
“The more subtle thing is more speculative. The world is well past its long-term carrying capacity for human beings living a European, much less an American, lifestyle predicated on planned obsolescence. International economic growth is largely a matter of accelerated movement of materials from mines and forests to the dump. Instead of saving and buying decent furniture we can pass on to our children, we charge our credit cards for shaped heaps of sawdust and glue that fall apart in less than three or four years.” WorldYearsHumansWellsChildrenLongMatterPastFallThreeGrowthTermHuman BeingsFourEconomicMovementMinesMaterialsCapacityOur ChildrenInternationalCreditLifestyleForestsCardsSavingLong TermDecentBuyingSubtleFour YearsFalling ApartFurnitureEconomic GrowthCredit CardDumpGlueObsolescenceSawdustPlanned Obsolescence Author:Denis Hayes