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Economic Quotes

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Economic Quotes

“If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.”

“In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.”

Long Facts Running Economic Movement Activity Increase Response Rate Firm Borders Long Runs Trading Strengthening

Author:Toshihiko Fukui

“It is your mind that matters economically, as much or more than your mouth or hands. In the long run, the most important economic effect of population size and growth is the contribution of additional people to our stock of useful knowledge. And this contribution is large enough in the long run to overcome all the costs of population growth.”

“The dynamic character of China's nonstatist economic transformation, including its social openness to the rest of the world, is not mutually compatible in the long run with a relatively closed and bureaucratically rigid Communist dictatorship.”

World Long Character Running Social Economic Transformation Including China Openness Communist Dictatorship Long Runs Compatible Dynamic Characters

Book:The Grand Chessboard: American Primacy And Its Geostrategic Imperatives

Source: The Grand Chessboard: American Primacy And Its Geostrategic Imperatives

“I still believe that, in the long run, the aggregate of the decisions of individual businessmen, exercising individual judgment in a free economy, even if often mistaken, is likely to do less harm than the centralized decisions of a Government; and certainly the harm is likely to be counteracted faster. As I said earlier in this debate, our economic medicine may be painful but it is fast and powerful because it can act freely.”

“But would the young do any better under the same circumstances? Will they do any better when their turns come? The answer is that youth would not and cannot, given the financial and economic framework within which the elders are operating. While the moral convictions of individuals are important in the long run, it is institutions that determine the immediate course of events - particularly the institutions of finance.”

Source: Two-factor Theory: the Economics of Reality; how to Turn Eighty Million Workers Into Capitalists on Borrowed Money, and Other Proposals

“The goal of long-run economic growth without asset price bubbles is not only achievable, but is something we should expect if we put a sound regulatory framework in place and if policymakers remain vigilant.”

Ifs Should Long Running Sound Goal Growth Economic Assets Bubbles Long Runs Framework Economic Growth Vigilant

Author:Christina Romer

“Like nature, our economic system remains, in the long run, stable and rational...We welcome the inevitable seasons of our economy! How foolish of us.”

Long Running Economy Economic Seasons Remains Foolish Rational Welcome Inevitable Stable Long Runs Economic Systems

Author:Jerzy Kosinski

“The Obama administration seems to be following what might be called 'the Detroit pattern increasing taxes, harassing businesses, and pandering to unions. In the short run, it got mayors re-elected. In the long-run, it reduced Detroit from a thriving city to an economic disaster area, whose population was cut in half, as its most productive citizens fled.”

Long Seems Might Running Cities Half Cutting Economic Citizens Taxes Areas Unions Patterns Population Following Disaster Administration Productive Long Runs Mayors Detroit

Author:Thomas Sowell

“What economic libralisation needs, if it is to succeed , is a general acceptance that reforms are for the general good, that they might seem to help some more than others, but that in the long run everyone will benefit from them. Such attitude is far from being realized”

Ifs Needs Long Helping Seems Might Running Attitude Economic Acceptance Succeed Benefits Reform Being Real Long Runs

Author:Shashi Tharoor