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Economic Quotes

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Economic Quotes

“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.”

“A very high fraction of America's economic problems come not from our difficulties with education or globalization or competition with the Chinese or whatever. But they come from the fact that a small number of wealthy and powerful people who run dangerous and/or inefficient companies are able, through the use of money in the political process, to prevent the government from regulating them properly.”

“In the nearer term, the likeliest source of risk is a conflict between China and the U.S. These are now the two largest economies in the world, and the combination of their economic interdependence, the sharp differences in their political and economic values, and the growing divergence in their interests makes this relationship potentially dangerous for everyone who might be affected by it - which means pretty much everyone.”