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Economic Quotes

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Economic Quotes

“Capitalism is going to deal itself out of existence, but before it does that, you're gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.”

“[W]hich category of crimes does the State pursue and punish most intensely? [T]hose against private citizens or those against itself? The gravest crimes in the State's lexicon are almost invariably not invasions of private person or property, but dangers to its own contentment, for example, treason, desertion of a soldier to the enemy, failure to register for the draft, subversion and subversive conspiracy, assassination of rulers and such economic crimes against the State as counterfeiting its money or evasion of its income tax.”

“If a legislator is safe from competition, or if he represents groups with the same economic and political beliefs, he does not have to change his ideas or respond to the needs of the broader population. He can rest content with a mediocre, absentee performance knowing he will be returned to office. And as he is returned year after year the seniority system gives him immense control over people from other parts of the country whose views he need not heed at all.”

“Giving is a miracle that can transform the heaviest of hearts. Two people, who moments before lived in separate worlds of private concerns, suddenly meet each other over a simple act of sharing. The world expands, a moment of goodness is created, and something new comes into being where before there was nothing... But true giving is not an economic exchange; it is a generative act. It does not subtract from what we have; it multiplies the effect we can have in the world.”

“Chile has done a lot to rid itself of poverty, especially extreme poverty, since the return to democracy. But we still have a ways to go toward greater equity. This country does not have a neoliberal economic model anymore. We have put in place a lot of policies that will ensure that economic growth goes hand in hand with social justice.”

“Trickle down economics is a fraud. Giving tax breaks to the rich and large corporations does not create jobs. It simply makes the rich richer, enlarges the deficit and increases income and wealth inequality. We need economic policies which benefit working families, not the billionaire class.”

“The US is often the first to call for transparency and integrity in the reporting of other governments. It has never provided transparency or integrity in its reporting on the war in Iraq. It has downplayed the growth of the insurgency and other civil conflicts. It exaggerated progress in the development of Iraqi forces, and has reported meaningless macroecomic figures claiming 'progress' in the face of steadily deteriorating economic conditions for most Iraqis outside the Kurdish security zone, and does so in the face of almost incredible incompetence by USAID and the Corps of Engineers.”

“I'd go to conference after conference and it would essentially be the talking points. Either pro or con. It's amazing how polarized the tech conversation is. There's also this neurological fixation, the incessant wondering what the Internet's doing to our brain: "Does it make us stupid, does it make us distracted?" And then the other guys say, "No, it's making us smarter than ever, and better than ever, and more connected." And it's like, where is the economic and social context? Why is that rarely considered?”

“Any insistence on equal pay is crucial and any redefinition of work to include caregiving work so that it also has an economic value, at least at replacement level, that's crucial. So change does come from the bottom up, and it will come from girls and women and men who understand that for us all to be human beings instead of being grouped by gender is good for them, too.”

“I think it's important for people to say look, what does each party and each candidate have to offer for you. If you want a better future that is going to be reliant on making smart economic policies, compare my husband's eight years with Ronald Reagan's eight years. 23 million new jobs, more than seven million people lifted out of poverty.”

“Poland does not want to remain a net recipient of EU subsidies forever. On the contrary: we want the right to develop in a fair market, and by this right, we want to one day catch up with Germany in terms of welfare and economic power. This will not take 100 years! And then many Poles who emigrated will be able to return home.”