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Economic Quotes

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Economic Quotes

“Overconsumption is a "cancer eating away at our spiritual vitals." It cuts the heart right out of our compassion. It distances us from the great masses of broken bleeding humanity. It converts us into materialists. We become less able to ask moral questions. For example, just because we have the economic muscle to buy up vast amounts of the world's oil, does that give us the right to do so? When the poor farmer of India is unable to buy a gallon of gasoline to run his simple water pump because the world's demand has priced him out of the market, who is to blame?”

“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.”

“The dynamic ideal we call democracy, gradually growing up in the human heart for two-thousand five hundred years, at least, has now every opportunity to found the natural democratic state in these United States of America by way of natural economic order and a natural, or organic, architecture.”

“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.”