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Economic Quotes

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Economic Quotes

“One wonders whether the Obama re-election campaign may be on the right track as it seeks to apply the you-break-it-you-own-it rule to Bush and the American economy. Hardly a day goes by without President Obama or his surrogates arguing that it takes longer than four years to recover from an economic crisis so long in the making.”

“I had been secretary of state for eight years, attorney general for four years, lieutenant governor for four years, and governor for four years - I had all these friends around the country - so I thought I could gin up a campaign not for me but against George W. Bush, against his war, against his economic policies, and against his education policies.”

“Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy afloat at a time when more than half of our gross national product, and all of our foreign exchange, was being spent on the war. I was lucky to be present at one of his rare appearances in Cambridge, when he gave a lecture with the title "Newton, the Man." Four years later he died of heart failure, precipitated by overwork and the hardships of crossing the Atlantic repeatedly in slow propeller-driven airplanes under wartime conditions.”

“I am convinced that the majority of the religious hierarchy today deplores the hardship inflicted on our people. I am referring not only to the martyrs but of the families who have been dispersed and terrified, who have no resources, and to the four million unemployed who are suffering from the economic chaos of a country which only a year earlier was giving employment to a million foreigners. Those who have chosen to serve God must feel profoundly sad at seeing ridicule poured on the most sacred principles of our religion.”

“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.”

“When you look at police violence, over the last three or four years, whether you call it a social, economic or racial thing, these are the guys that we're supposed to trust. These are the guys who are given these guns and weapons to protect us. Not to use them upon us, but to protect us, and they can't even get it right. So, if they can't get it right, how can you fault a society for fearing them, and fearing them in a way that makes them want to take up arms and fight back.”