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Economic Quotes

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Economic Quotes

“AS an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.”

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Author:Christina Romer
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“I don't think one can accurately measure the historical effectiveness of a poem; but one does know, of course, that books influence individuals; and individuals, although they are part of large economic and social processes, influence history. Every mass is after all made up of millions of individuals.”

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Book:Light Up the Cave
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“Man has existed for about a million years. He has possessed writing for about 6,000 years, agriculture somewhat longer, but perhaps not much longer. Science, as a dominant factor in determining the belief of educated men, has existed for about 300 years; as a source of economic technique, for about 150 years. In this brief period it has proved itself an incredibly powerful revolutionary force. When we consider how recently it has risen to power, we find ourselves forced to believe that we are at the very beginning of its work in transforming human life.”

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Book:The Impact of Science On Society
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“Millions of Americans would still despair in the eight long years of the Depression that lay ahead and many of their individual dreams would be dashed on the rocks of economic hardship. But collectively, the country was in a new place, with a new confidence that the federal government would actively try to solve problems rather than fiddle or cater to the rich. Hope was no longer for Pollyannas; the cynics about the American system were in retreat.”

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Book:The Defining Moment: FDR's Hundred Days and the Triumph of Hope
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“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”

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Book:Economics for everyone: a short guide to the economics of capitalism
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“For millions, the retirement dream is in reality an economic nightmare. For millions, growing old today means growing poor, being sick, living in substandard housing, and having to scrimp merely to subsist.”

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Book:Sylvia Porter's Money Book: How to Earn It, Spend It, Save It, Invest It, Borrow It, and Use it to Better Your Life
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“During the 1930s, some of the leading intellectuals in America condemned our economic system and pointed to the centrally planned Soviet economy as a model -- all this at a time when literally millions of people were starving to death in the Soviet Union, from a famine in a country with some of the richest farmland in Europe and historically a large exporter of food.”

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Book:Dismantling America and Other Controversial Essays (Large Print 16pt)
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“So long as millions of human beings in every country has to sell their labour-power to a small minority of owners, and to sink into the most wretched misery if they could find no buyers, the so called “equality before the law” remains a pious fraud, since the laws are made by those who find themselves in possession of the social wealth. But in the same way there can also be no talk of a “right over one's own person,” for that right ends when one is compelled to submit to the economic dictation of another if he does not want to starve.”

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Author:Rudolf Rocker
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“It's a moral imperative, it's an economic imperative, and it is a security imperative. For we've seen how spikes in food prices can plunge millions into poverty, which, in turn, can spark riots that cost lives, and can lead to instability. And this danger will only grow if a surging global population isn't matched by surging food production. So reducing malnutrition and hunger around the world advances international peace and security - and that includes the national security of the United States.”

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Author:Barack Obama
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“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.”

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Book:The Shah's story
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“So as a nation, we have a right to be very proud of the successes that we have seen because of the struggle of millions of people to create a less discriminatory society. That is something we should be proud of, but there is one struggle in which not only have we not succeeded but in which we are losing ground and that is the fundamental struggle for economic justice.”

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Author:Bernie Sanders
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“The next Prime Minister walking through that door will be me or Labour Party leader Ed Miliband, you can choose an economy that grows, that creates jobs, that generates the money to ensure a properly funded and improving National Health Service ... and a government that will cut taxes for 30 million hard-working people ... or you can choose the economic chaos of Ed Miliband's Britain.”

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Author:David Cameron
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“An unfolding technology has increased our economic strength and added to the convenience of our lives. But that same technology-we know now-carries danger with it. From the great smoke stacks of industry and from the exhausts of motors and machines, 130 million tons of soot, carbon and grime settle over the people and shroud the Nation's cities each year. From towns, factories, and stockyards, wastes pollute our rivers and streams, endangering the waters we drink and use.”

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Author:Lyndon B. Johnson
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“There's real economic costs to climate change - So, Superstorm Sandy led to billions of dollars in damages. The fires out in the west, 70 million dollars a day are being spent in fighting fires that have clearly been exacerbated by drought and climate change. So, people have pointed out the true dollars and cents cost of inaction on climate change.”

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Author:Naomi Oreskes
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“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.”

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Author:David Horowitz
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“It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands.”

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Author:Leonard Read
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“Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world.”

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Author:Kathleen Parker
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“It is impossible to manage the health care requirements of tens of millions of American citizens at the federal level. It is impossible to manage all of the permutations of people's economic aspirations and lives through a complex tax code. It is impossible to try to second-guess the market. It is impossible, from a managerial standpoint, for the federal government to do the things it is trying to do today.”

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Author:Frederick W. Smith
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“I'm a big believer in getting money from where the money is, and the money is in Washington. I learned from running the Olympics that you can get money there to help build economic opportunities. We actually got over $410 million from the federal government; that is a huge increase over anything ever done before. We did that by going after every agency of government. That kind of creativity I want to bring to everything we do (in Massachusetts).”

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Author:Mitt Romney
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“During the debate over NAFTA President Clinton said, 'I believe that NAFTA will create a million jobs in the first five years of its impact.' WRONG. According to the Economic Policy Institute, NAFTA has led to the loss of more than 680,000 U.S. jobs. I voted against NAFTA and other bad trade agreements and am fighting to stop the TPP.”

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Author:Bernie Sanders
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“China reformed its state sector before, in the late 1990s. Tens of millions were laid off at the time. That was scary and we had warnings of social unrest. But it did not happen. Instead, there was a restructuring in our economic system. I am not sure if China will follow a Western playbook in this respect.”

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Author:Zhang Xin
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“I think it's important for people to say look, what does each party and each candidate have to offer for you. If you want a better future that is going to be reliant on making smart economic policies, compare my husband's eight years with Ronald Reagan's eight years. 23 million new jobs, more than seven million people lifted out of poverty.”

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Author:Hillary Clinton
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