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Economic Quotes

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Economic Quotes

“What makes a terrorist? Are the drivers primarily political or economic? Princeton economist Alan Krueger has made a great study of this question...What Makes a Terrorist lacks a question mark. That's because Krueger, marshaling persuasive statistics and analysis, comes down firmly on the side of politics, noting most terrorists are middle-class and well-educated.”

“The future will be less predictable, forecast rises will shrink, company lifetimes will shrink, new entrants will proliferate and it’s going to just get more unpredictable. If you thought financial crises came and went, just count on them – another economic collapse, it’s almost going to be like not news any more. But for startups this is great, because it’s a perpetual driver of disruption.”

“I believe we're at the verge of the greatest time to be alive in this world. But Washington is holding us back. How we tax, how we regulate. We're not embracing the energy revolution in our midst, a broken immigration system that has been politicized rather than turning it into an economic driver. We're not protecting and preserving our entitlement system or reforming for the next generation. All these things languish while we have politicians in Washington using these as wedge issues.”

“Economic systems work better when there's an extreme reliability ethos. And the traditional way to get a reliability ethos, at least in past generations in America, was through religion. The religions instilled guilt. ... And this guilt, derived from religion, has been a huge driver of a reliability ethos, which has been very helpful to economic outcomes for man.”