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Economic Quotes

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Economic Quotes

“Since ancient times, the left side has stood for the side of the unconscious or the unknown; the right side, by contrast, has represented the side of consciousness or wakefulness. Through the late twentieth century, the movement of the Left limited themselves to a materialist understanding of reality- exemplified by Marxism- demanding social justice and economic equality but not the restoration of intuition and the recognition of the hidden, qualitative dimensions of being suppressed by the mental-rational consciousness, narrowly focused on the quantifiable.”

“It means that we must abandon the method of civil disobedience, non-cooperation and satyagraha. When there was no way left for constitutional methods for achieving economic and social objectives, there was a great deal of justification for unconstitutional methods. But where constitutional methods are open, there can be no justification for these unconstitutional methods. These methods are nothing but the Grammar of Anarchy and the sooner they are abandoned, the better for us.”

“The widespread inability to understand technological artifacts as fabricated entities, as social and cultural phenomena, derives from the fact that in retrospect only those technologies that prove functional for a culture and can be integrated into everyday life are 'left over.' However, the perception of what is functional, successful and useful is itself the product of social and cultural--and last but not least--political and economic processes. Selection processes and abandoned products and product forms are usually not discussed.”

“In addition to myself and a number of others, President Clinton talked about the deficit and the debt issue. And he pointed out, really, what I pointed out, which is that when he left office, we actually had projected surpluses for a long period of time, because when he put together his economic plan, he did it in a balanced way.”

“I've always thought the American eagle needed a left wing and a right wing. The right wing would see to it that economic interests had their legitimate concerns addressed. The left wing would see to it that ordinary people were included in the bargain. Both would keep the great bird on course. But with two right wings or two left wings, it's no longer an eagle and it's going to crash.”

“We have heard all of our lives how, after the Civil War was over, the South went back to straighten itself out and make a living again. It was for many years a voiceless part of the government. The balance of power moved away from it--to the north and the east. The problems of the north and the east became the big problem of the country and nobody paid much attention to the economic unbalance the South had left as its only choice.”

“The most important difference between these early American families and our own is that early families constituted economic unitsin which all members, from young children on up, played important productive roles within the household. The prosperity of the whole family depended on how well husband, wife, and children could manage and cultivate the land. Children were essential to this family enterprise from age six or so until their twenties, when they left home.”

“I don't think people ought to believe only one news medium. They ought to read and they ought to go to opinion journals and all the rest of it. I think it's terribly important that this be taught in the public schools, because otherwise, we're gonna get to a situation because of economic pressures and other things where television's all you've got left. And that would be disastrous. We can't cover the news in a half-hour event evening. That's ridiculous.”

“The left's inability to understand the most basic economic fact - that people need an incentive to produce - has caused the unnecessary deaths of tens of millions of people - mostly poor - in the last 75 years. But thanks to a politically corrupted media and educational system, their pigheaded pursuit of socialist fantasies goes on.”

“If you start from a belief that the most knowledgeable person on earth does not have even one percent of the total knowledge on earth, that shoots down social engineering, economic central planning, judicial activism, and innumerable other ambitious notions favored by the political left.”

“Libertarianism is neither of the left nor of the right. It is unique. It is sui generis. It is apart from left and right. The left right political spectrum simply has no room for libertarianism. Think of an equilateral triangle, with libertarianism at one corner, the left at a second corner and the right at the third corner. We are equally distant from both of those misbegotten political economic philosophies. No, better yet, think in terms of an isosceles triangle, with us at the top and the two of them at the bottom, indicating they have more in common with each other than with us.”

“We are facing another economic meltdown. The ecosystem, on which the human species depends for life, is being destroyed at a rate that has not even been anticipated by climate scientists. We don't have a lot of time left. So either we get out and fight or we're finished. Fear is the only thing the Democratic Party has to offer - fear that the Republican Party is worse.”

“These events are swirling around them. In the white community, people felt like they had no control over their neighborhoods, their destiny. In the black community, centuries of government and economic forces were pushing on them. I went in with a kind of arrogance, maybe, that came from living in a very intellectual family, and I left knowing that there was a lot about the way people lived that I didn't know about.”