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Economic Quotes

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Economic Quotes

“In the political, the social, the economic, even the cultural sphere, the revolutions of our time have been revolutions "against" rather than revolutions "for"... On the whole throughout this period the man--or party--that stood for doing the positive has usually cut a pathetic figure; well meaning but ineffectual, civilized but unrealistic, he was suspect alike to [by both] the ultras of destruction and the ultras of preservation and restoration.”

“The Lockean assumption that if we put our labor to it then it becomes our own is totally fallacious. We have to figure out how to leave things alone, and build an economic system that's not built on a linear model, but instead on a cyclical model, because that's the natural world - it's cyclical and not linear. That is going to take a lot of transformation.”

“The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.”

“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.”