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Economic Quotes

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Economic Quotes

“Historians will likely give Obama credit for steering the country away from the brink of economic collapse in 2009.”

Giving Country Economic Credit Historian Collapse Steering Economic Collapse

Author:Ron Fournier

“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.”

Years Business Pay Situation Sun Economic Needed Six Credit Buying Pet Ems Print

Book:Will Rogers' Daily Telegrams: The Coolidge years, 1926-1929

Source: Will Rogers' Daily Telegrams: The Coolidge years, 1926-1929

“Politics are receiving a lot of attention because we have nothing else to interest us. No nation in the history of the world was ever sitting as pretty. If we want anything, all we have to do is go and buy it on credit. So that leaves us without any economic problem whatever, except perhaps some day to have to pay for them. But we are certainly not thinking about that this early.”

Ifs Thinking World Want Problem Nations Interest Business Pay Attention Economic Sitting Credit Receiving World History Economic Problems

Author:Will Rogers

“In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -“frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct.”

“The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.”

Kind Wisdom Politics Economy Economic Activity Credit Factors All Kinds Chiefs Proportion Liberalism Units

Book:An Essay on the Restoration of Property

Source: An Essay on the Restoration of Property

“In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.”

Firsts Hands Politics Wealth Pleasure Economy Economic Directors Obvious Credit Our Time Liberalism Owners Fund Immense Dictatorship Arbitrary Lending Trustees

Author:Pope Pius XI

“If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.”

Ifs World Kind Different Actors Politics Economy Economic Scene Universal Sells Credit Isolation Liberalism Labour Capitalist Connecting Helplessness

Author:Muhammad Yunus

“There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to chart a direction for the economic steps ahead. This will be a dangerous moment. Behind the debates over future policy is a debate over history-a debate over the causes of our current situation. The battle for the past will determine the battle for the present. So it's crucial to get the history straight.”

Moments Past Causes Behinds Situation Steps Economic Dangerous Policy Battle Tasks Crisis Threat Investing Determine Currents Credit Debate Crucial Urgent Current Situation

Author:Joseph Stiglitz

“Meaningful rules in the consumer credit market can accelerate economic recovery. Rules would increase consumer confidence and, more importantly, weed out all the tricks and traps that sap families of billions of dollars annually.”

Economic Increase Dollars Credit Billions Meaningful Tricks Recovery Consumers Weed Traps Sap Accelerate Economic Recovery Consumer Confidence

Author:Elizabeth Warren

“For the individual, as I can testify, a brief grounding in semantics, besides making philosophy unreadable, makes unreadable most political speeches, classical economic theory, after-dinner oratory, diplomatic notes, newspaper editorials, treatises on pedagogics and education, expert financial comment, dissertations on money and credit, accounts of debates, and Great Thoughts from Great Thinkers in general. You would be surprised at the amount of time this saves.”

Source: Tyranny of Words

“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.”

“I'm not critical of the people who do psychotherapy. The therapists in the trenches have to face an awful lot of the social, political, and economic failures of capitalism. They have to take care of all the rejects and failures. They are sincere and work hard with very little credit, and the HMOs and the pharmaceutical companies and insurance companies are trying to wipe them out. So certainly I am not attacking them. I am attacking the theories of psychotherapy.”